Private-Public Partnership to Preserve Jobs in the Aviation Manufacturing Industry Act of 2020

To establish a private-public partnership to preserve jobs in the aviation manufacturing industry, and for other purposes. 1. Short title This Act may be cited as the Private-Public Partnership to Preserve Jobs in the Aviation Manufacturing Industry Act of 2020 2. Definitions In this Act: (1) At-risk employee group The term at-risk employee group (A) does not exceed 25 percent of the employer's total United States workforce; and (B) is currently at risk of a permanent reduction in force or furlough, but for the relief provided for in this Act. (2) Aviation manufacturing company The term aviation manufacturing company (3) COVID–19 public health emergency The term COVID–19 public health emergency (4) Employee Except where the context otherwise requires, the term employee (5) Employer Except where the context otherwise requires, the term employer (6) Private partner contribution The term private partner contribution (7) Public partner contribution The term public partner contribution (8) Secretary The term Secretary (9) Total compensation level The term total compensation level 3. Private-public partnership (a) In general Notwithstanding any other provision of law, to help ensure the continued retention of employees in the aviation manufacturing industry impacted by the COVID–19 public health emergency, the Secretary is authorized to partner with employers to supplement compensation of employees financially impacted by the COVID–19 public health emergency and to facilitate the effective economic recovery of the aviation manufacturing industry. (b) Procedures As soon as practicable, but in no case not later than 10 days after the date of enactment of this Act, the Secretary shall publish procedures for application and minimum eligibility requirements for participation in the private-public partnership program authorized under this Act. Nothing in the preceding sentence shall be construed as prohibiting the Secretary from publishing such supplements to the initially published procedures as the Secretary determines necessary. (c) Terms and conditions Upon application and certification, the Secretary may partner with an aviation manufacturing company to provide to the employer a public partner contribution, that together with the private partner contribution, shall constitute an amount sufficient to maintain the total compensation level of the at-risk employee group, for a period not to exceed 1 year, if the Secretary determines that— (1) the employer establishes that economic conditions as of the date of the application would make necessary a permanent reduction or furlough of a portion of its workforce devoted to aviation manufacturing; (2) there is an identifiable at-risk employee group; (3) the employer agrees to fund the private partner contribution for as long as it is accepting the public partner contribution (and, in the event circumstances dictate that the employer cease its participation in this program early, the employer agrees and shall notify the Secretary that there shall be no further obligation of the Secretary to fund the public partner contribution); (4) participation in the private-public partnership will reduce the likelihood of a permanent reduction in force or furlough of the at-risk employee group; (5) the employer commits to refrain from any permanent reduction in force or furlough of employees in the at-risk employee group for as long as it accepts public partner contributions for that group, subject to the employer’s right to discipline or terminate an employee in accordance with employer policy; (6) the employer shall use the public partner contribution solely for the purpose of providing compensation and benefits of the at-risk employee group and for no other purpose; and (7) the public partner contribution shall be utilized solely for compensation of United States-based employees. (d) Authority for public partner contributions The Secretary is hereby authorized to enter into agreements and to provide public partner contributions as envisioned under this Act. Such public partner contributions combined together with the private partner contribution shall be in an amount sufficient to maintain the total compensation level for the at-risk employee group as of April 1, 2020, for a term to be agreed, but for a duration lasting no more than 1 year. (e) No limit on number agreements with an employer An employer may seek and be granted public partner contributions under this Act on multiple occasions. (f) Coordination with secretary of transportation In implementing this section, the Secretary shall coordinate with the Secretary of Transportation. (g) Termination The authority established by this Act, and any agreement entered into by the Secretary under this Act, shall end on April 30, 2021. 4. Authorization of appropriations There is authorized to be appropriated, such sums as may be necessary to carry out this Act.

Summary: Private-Public Partnership to Preserve Jobs in the Aviation Manufacturing Industry Act of 2020 This bill authorizes the Department of the Treasury, coordinating with the Department of Transportation, to partner with employers to supplement compensation of employees financially impacted by the COVID-19 (i.e., coronavirus disease 2019) public health emergency and to facilitate the effective economic recovery of the aviation manufacturing industry. Additionally, Treasury may partner with an aviation manufacturing company to provide to the employer a public-partner contribution, that together with the private-partner contribution, shall constitute an amount sufficient to maintain the total compensation level of the at-risk employee group for a period not to exceed one year.. Any authority established by this bill and any agreement entered into by Treasury under this bill shall end on April 30, 2021.