Us Congress House Bill HB9963

Us Congress 2023-2024 Regular Session

• Introduced: 10/11/24
• Refer: 10/11/24

Caption

Justice for Local Communities and Workers Act

Impact

The implementation of HB 9963 has implications for both employers and local governments. By necessitating economic impact studies funded by employers, local governments can better prepare for and mitigate adverse economic effects. The bill potentially strengthens the position of local authorities to advocate for their communities' interests, ensuring that they have the necessary data to respond effectively to layoffs or closures. The creation of an 'Impacted Workers Fund' through cooperative agreements is also a pivotal aspect, facilitating the distribution of resources to assist affected workers and enhance local economic stability.

Summary

House Bill 9963, titled the 'Justice for Local Communities and Workers Act', amends the Worker Adjustment and Retraining Notification Act to require employers initiating a plant closing or mass layoff to fund an economic impact study for each affected local government area. This bill is designed to ensure that the economic consequences of such layoffs are assessed and addressed, mandating that employers provide a complete study at least 30 days before any closure or layoff occurs. This measure aims to hold employers accountable and safeguard local economies from sudden financial losses resulting from major employment changes.

Contention

There are notable points of contention surrounding HB 9963. Advocates argue that the bill enhances protections for workers and local communities by providing better foresight into the economic ramifications of mass layoffs and plant closures. However, opponents express concerns over the potential administrative burden on employers, suggesting that it may discourage businesses from operating in certain areas. The balance of ensuring economic accountability while maintaining a positive business environment creates a complex dialogue within legislative discussions surrounding this bill.