,,ii #aadth ,,congress #ast ,session ,s4 #aijb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #cj1 #bjae,mr4 ,reed introduced the following bill2 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 programs4 #a4 ,short title ,this ,act may be cited as the ,layoff ,prevention ,extension ,act of #bjae4 #b4 ,extension of temporary financing of short-time compensation payments in ,states with programs in law 7a7 ,extension 7#a7 ,in general ,subsection 7b7 of section #bafb of the ,middle ,class ,tax ,relief and ,job ,creation ,act of #bjab 7#bf ,u4,s4,c4 #ccjd note7 is amended-- 7,a7 in paragraph 7#a77;,b71 by striking #c years and inserting #e years2 and 7,b7 in paragraph 7#b7-- 7i7 in the heading1 by striking ,three-year and inserting ,five-year2 and 7ii7 by striking #aef weeks and inserting #bfj weeks4 7#b7 ,effective date ,the amendments made by paragraph 7#a7 shall take effect as if included in the enactment of such section #bafb4 7b7 ,technical correction 7#a7 ,in general ,section #ccjf7v77#f7 of the ,internal ,revenue ,code of #aihf 7#bf ,u4,s4,c4 #ccjf7 is amended by inserting or the ,workforce ,innovation and ,opportunity ,act after #aiih4 7#b7 ,effective ,date ,the amendment made by paragraph 7#a7 shall take effect on the day that is #b years after the date of the enactment of this ,act4 #c4 ,extension of deadline for submitting an application for grants for short-time compensation programs 7a7 ,extension ,subsection 7c77#a7 of section #bafd of the ,middle ,class ,tax ,relief and ,job ,creation ,act of #bjab 7#bf ,u4,s4,c4 #ccjd note7 is amended by striking ,december #ca1 #bjad and inserting ,december #ca1 #bjaf4 7b7 ,effective date ,the amendment made by subsection 7a7 shall take effect as if included in the enactment of such section #bafd4