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H.R. 5583 (113th): Layoff Prevention Extension Act of 2014

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The text of the bill below is as of Sep 18, 2014 (Introduced). The bill was not enacted into law.

I

113th CONGRESS

2d Session

H. R. 5583

IN THE HOUSE OF REPRESENTATIVES

September 18, 2014

(for herself and Mr. Conyers) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To provide for the treatment and extension of temporary financing of short-time compensation programs.

1.

Short title

This Act may be cited as the Layoff Prevention Extension Act of 2014 .

2.

Extension of temporary financing of short-time compensation payments in States with programs in law

(a)

In general

Section 2162(b) of the Middle Class Tax Relief and Job Creation Act of 2012 ( 26 U.S.C. 3304 note) is amended—

(1)

in paragraph (1)(B), by striking 3 years and inserting 4 years; and

(2)

in paragraph (2)—

(A)

in the heading, by striking Three-year and inserting Four-year ; and

(B)

by striking 156 weeks and inserting 208 weeks.

(b)

Technical correction

Section 3306(v)(6) of the Internal Revenue Code of 1986 ( 26 U.S.C. 3306 ) is amended by inserting or the Workforce Innovation and Opportunity Act after 1998.

3.

Extension of deadline for submitting an application for grants for short-time compensation programs

Section 2164(c)(1) of the Middle Class Tax Relief and Job Creation Act of 2012 (26 U.S.C. 3304 note) is amended by striking December 31, 2014 and inserting December 31, 2015.