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This bill amends the Worker Adjustment and Retraining Notification Act to lower the threshold for what constitutes a mass layoff, expand notification requirements to include state representatives and members of Congress, and require employers ordering plant closings or mass layoffs to fund economic impact studies for affected local governments. Employers not experiencing economic hardship must pay assessed financial losses to state workforce development systems or newly established Impacted Workers Funds. The bill also increases penalties for violations and authorizes the Secretary of Labor to award grants to employers to cover study costs.
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