Summary: S.1333 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for S.1333. Bill summaries are authored by CRS.

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Introduced in Senate (07/06/2011)

Layoff Prevention Act of 2011 - Amends the Internal Revenue Code to set forth requirements relating to short-time compensation programs to allow employers to reduce the workweek of their employees in lieu of layoffs.

Provides for federal financing of state short-time compensation programs. Requires the Secretary of Labor to: (1) award grants to states that enact such programs; (2) develop model legislative language for use by states in developing, enacting, and implementing such programs; and (3) report to Congress and the President on their implementation.