To prohibit business enterprises that lay-off a greater percentage of their United States workers than workers in other countries from receiving any Federal assistance, and for other purposes.
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Committee
Latest Action · May 6, 2004
Sponsor introductory remarks on measure. (CR H2724)
Directs each Federal agency that provides grants, loans, or loan guarantees to businesses to require, as a condition of such assistance, that the business provide annually information on: (1) the number of employees employed in the United States and its territories and the number employed outside the United States, as well as wage information on U.S. employees; and (2) the percentage of the workforce that has been laid off or forced to resign during the preceding year. Prohibits, until the situation is corrected, subsequent assistance to a business that lays off a greater percentage of workers in the United States or its territories than in other countries.
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