[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 2906 Introduced in Senate (IS)]

113th CONGRESS
  2d Session
                                S. 2906

 To provide for the treatment and extension of temporary financing of 
                   short-time compensation programs.


_______________________________________________________________________


                   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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Layoff Prevention Extension Act of 
2014''.

SEC. 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''.

SEC. 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''.
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