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S. 4303

Workforce Retention Act of 2020

Workforce Retention Act of 2020

This bill extends temporary funding for short-time compensation (STC) programs through December 22, 2022, and establishes state requirements for permanent, federally-financed STC programs. (STC, also known as work sharing, is a program within the federal-state unemployment system that provides pro-rated unemployment compensation to workers whose hours have been reduced in lieu of a layoff.)

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S4474-4475)

Sen. Reed, Jack [D-RI](D-RI)Sponsor
5 cosponsors5 D
5cosponsors1committees2actions10subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S4474-4475)

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Workforce Retention Act of 2020 — Informed