Air Carrier Worker Support Extension Act of 2020

Summary

Air Carrier Worker Support Extension Act of 2020 This bill extends authority for the Department of the Treasury to provide financial assistance to passenger air carriers, cargo air carriers, and contractors of passenger air carriers for the continuation of payment of employee wages, salaries, and benefits. The maximum amounts of financial assistance that may be provided by Treasury for this purpose are $25.5 billion for passenger air carriers, $300 million for cargo air carriers, and $3 billion for contractors . The bill provides specific deadlines and procedures under which Treasury must provide financial assistance to air carriers and contractors. To be eligible for financial assistance, an air carrier or contractor must (1) agree not to reduce pay and benefits or conduct involuntary furloughs until March 31, 2021; and (2) agree, through March 31, 2022, not to repurchase stock, pay dividends, or make other capital distributions. Additionally, Treasury may require carriers that receive assistance to maintain service to points served before March 1, 2020. Such authority terminates on April 1, 2022. The bill limits the maximum allowable compensation of an officer or employee of an air carrier or contractor that receives assistance.

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Timeline

1. 30 September 2020

   Introduced

   Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

   Source: Calendars

2. 30 September 2020

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 1 October 2020

   Calendars

   Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 563.

   Source: Calendars

Votes

No vote records are attached yet.

Versions

• Placed on Calendar Senate · 1 October 2020 · Download file

Documents

3 official files

• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 1 October 2020

  ViewDownloadOpen at official source

• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 1 October 2020

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 30 September 2020

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Wicker, Roger F. [R-MS] · R · Sponsor
• Sen. Collins, Susan M. [R-ME] · R · Sponsor

Related records

• related to → Air Carrier Worker Support Extension Act of 2020
• related to → Air Carrier Worker Support Extension Act of 2020
• related to ← Payroll Support Program Extension Act