I
114th CONGRESS
2d Session
H. R. 5408
IN THE HOUSE OF REPRESENTATIVES
June 8, 2016
Ms. DeLauro (for herself, Mr. Conyers, Ms. Brown of Florida, Ms. Norton, Mr. Cicilline, and Mr. Gutiérrez) 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.
Short title
This Act may be cited as the Layoff Prevention Extension Act of 2016
.
Extension of temporary financing of short-time compensation payments in States with programs in law
Extension
In general
Subsection (b) of section 2162 of the Middle Class Tax Relief and Job Creation Act of 2012 (26 U.S.C. 3304 note) is amended—
in paragraph (1)(B), by striking 3 years
and inserting 5 years
; and
in paragraph (2)—
in the heading, by striking Three-year
and inserting Five-year
; and
by striking 156 weeks
and inserting 260 weeks
.
Effective date
The amendments made by paragraph (1) shall take effect as if included in the enactment of such section 2162.
Technical correction
In general
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
.
Effective Date
The amendment made by paragraph (1) shall take effect on the day that is 2 years after the date of the enactment of this Act.
Extension of deadline for submitting an application for grants for short-time compensation programs
Extension
Subsection (c)(1) of section 2164 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, 2016
.
Effective date
The amendment made by subsection (a) shall take effect as if included in the enactment of such section 2164.
