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H.R. 2900: REEF Act

We don’t have a summary available yet.

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Apr 28, 2021.

Railroad Employee Equity and Fairness Act or the REEF Act

This bill permanently exempts payments made from the Railroad Unemployment Insurance Account from sequestration. Sequestration is a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.

Currently, this exemption ends 30 days after the termination of the COVID-19 national emergency period.