113 S2906 IS: Layoff Prevention Extension Act of 2014 U.S. Senate 2014-10-01 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II 113th CONGRESS2d Session S. 2906 IN THE SENATE OF THE UNITED STATES September 18, 2014 Mr. Reed (for himself, Mr. Harkin, and Mr. Whitehouse) introduced the following bill; which was read twice and referred to the Committee on Finance 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.