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15 U.S.C. § 9080 — Direct appropriation

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15 U.S.C. § 9080 — Direct appropriation

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Page 2549 TITLE 15—COMMERCE AND TRADE § 9080 the air carrier or contractor under the Railway Labor Act (45 U.S.C. 151 et seq.) or the National Labor Relations Act (29 U.S.C. 151 et seq.), re- garding pay or other terms and conditions of employment. (b) Period of effect With respect to an air carrier or contractor to which financial assistance is provided under this part, this section shall be in effect with respect to the air carrier or contractor beginning on the date on which the air carrier or contractor is first issued such financial assistance and ending on September 30, 2020. (Pub. L. 116–136, div. A, title IV, § 4115, Mar. 27, 2020, 134 Stat. 500.) Editorial Notes REFERENCES IN TEXT The Railway Labor Act, referred to in subsec. (a), is act May 20, 1926, ch. 347, 44 Stat. 577, which is classified principally to chapter 8 (§ 151 et seq.) of Title 45, Rail- roads. For complete classification of this Act to the Code, see section 151 of Title 45 and Tables. The National Labor Relations Act, referred to in sub- sec. (a), is act July 5, 1935, ch. 372, 49 Stat. 449, which is classified generally to subchapter II (§ 151 et seq.) of chapter 7 of Title 29, Labor. For complete classification of this Act to the Code, see section 167 of Title 29 and Tables. § 9076. Limitation on certain employee com- pensation (a) In general The Secretary may only provide financial as- sistance under this part to an air carrier or con- tractor after such carrier or contractor enters into an agreement with the Secretary which provides that, during the 2-year period begin- ning March 24, 2020, and ending March 24, 2022, no officer or employee of the air carrier or con- tractor whose total compensation exceeded $425,000 in calendar year 2019 (other than an em- ployee whose compensation is determined through an existing collective bargaining agree- ment entered into prior to March 27, 2020)— (1) will receive from the air carrier or con- tractor total compensation which exceeds, during any 12 consecutive months of such 2- year period, the total compensation received by the officer or employee from the air carrier or contractor in calendar year 2019; (2) will receive from the air carrier or con- tractor severance pay or other benefits upon termination of employment with the air car- rier or contractor which exceeds twice the maximum total compensation received by the officer or employee from the air carrier or contractor in calendar year 2019; and (3) no officer or employee of the eligible business whose total compensation exceeded $3,000,000 in calendar year 2019 may receive during any 12 consecutive months of such pe- riod total compensation in excess of the sum of— (A) $3,000,000; and (B) 50 percent of the excess over $3,000,000 of the total compensation received by the of- ficer or employee from the eligible business in calendar year 2019. (b) Total compensation defined In this section, the term ‘‘total compensation’’ includes salary, bonuses, awards of stock, and other financial benefits provided by an air car- rier or contractor to an officer or employee of the air carrier or contractor. (Pub. L. 116–136, div. A, title IV, § 4116, Mar. 27, 2020, 134 Stat. 500.) § 9077. Tax payer protection The Secretary may receive warrants, options, preferred stock, debt securities, notes, or other financial instruments issued by recipients of fi- nancial assistance under this part which, in the sole determination of the Secretary, provide ap- propriate compensation to the Federal Govern- ment for the provision of the financial assist- ance. (Pub. L. 116–136, div. A, title IV, § 4117, Mar. 27, 2020, 134 Stat. 500.) § 9078. Reports (a) Report Not later than November 1, 2020, the Secretary shall submit to the Committee on Transpor- tation and Infrastructure and the Committee on Financial Services of the House of Representa- tives and the Committee on Commerce, Science, and Transportation and the Committee on Banking, Housing, and Urban Affairs of the Sen- ate a report on the financial assistance provided to air carriers and contractors under this part, including a description of any financial assist- ance provided. (b) Update Not later than the last day of the 1-year period following March 27, 2020, the Secretary shall up- date and submit to the Committee on Transpor- tation and the Committee on Financial Services and Infrastructure of the House of Representa- tives and the Committee on Commerce, Science, and Transportation and the Committee on Banking, Housing, and Urban Affairs of the Sen- ate the report described in subsection (a). (Pub. L. 116–136, div. A, title IV, § 4118, Mar. 27, 2020, 134 Stat. 501.) § 9079. Coordination In implementing this part the Secretary shall coordinate with the Secretary of Transpor- tation. (Pub. L. 116–136, div. A, title IV, § 4119, Mar. 27, 2020, 134 Stat. 501.) § 9080. Direct appropriation Notwithstanding any other provision of law, there is appropriated, out of amounts in the Treasury not otherwise appropriated, $32,000,000,000 to carry out this part. (Pub. L. 116–136, div. A, title IV, § 4120, Mar. 27, 2020, 134 Stat. 501.) PART C—AIRLINE WORKER SUPPORT EXTENSION Editorial Notes CODIFICATION Part C was enacted as part of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 9080 — Direct appropriation

Notwithstanding any other provision of law, there is appropriated, out of amounts in the Treasury not otherwise appropriated, $32,000,000,000 to carry out this part.

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29 U.S.C. § 151 — Findings and declaration of policy

The denial by some employers of the right of employees to organize and the refusal by some employers to accept the procedure of collective bargaining lead to strikes and other forms of industrial strife or unrest, which have the intent or the necessary effect of burdening or obstructing commerce by (a) impairing the efficiency, safety, or operation of the instrumentalities of commerce; (b) occurring in the current of commerce; (c) materially affecting, restraining, or controlling the flow of raw materials or manufactured or processed goods from or into the channels of commerce, or the prices of such materials or goods in commerce; or (d) causing diminution of employment and wages in such volume as substantially to impair or disrupt the market for goods flowing from or into the channels of commerce.

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Federal law — U.S. Code and appendices · legal_authorities

29 U.S.C. § 151 — Findings and declaration of policy

Page 36 TITLE 29—LABOR § 142 procurements; grants and other direct or indirect Fed- eral investments; tax and trade administration and en- forcement; administration and enforcement of labor, employment, and other relevant laws; property man- agement; and human resources management and labor relations. (b) ‘‘Worker organizing and collective bargaining’’ encompasses the private sector, State and local govern- ments, and the Federal Government. It also includes those sectors of the economy and those workers who have not historically been able to unionize, or whose ability to effectively collectively bargain or organize has been undermined. (c) the term ‘‘agency’’ refers to all agencies described in section 3502(1) of title 44, United States Code, except for the agencies described in section 3502(5) of title 44. SEC. 4. Revocations. (a) Executive Order 13845 of July 19, 2018 (Establishing the President’s National Council for the American Worker) [former 29 U.S.C. 3101 note], and Executive Order 13931 of June 26, 2020 (Continuing the President’s National Council for the American Worker and the American Workforce Policy Advisory Board) [former 29 U.S.C. 3101 note], are revoked. (b) The Director of the Office of Management and Budget and the heads of executive departments and agencies shall promptly consider taking steps to re- scind any orders, rules, regulations, guidelines, or poli- cies, or portions thereof, implementing or enforcing Executive Order 13845 or Executive Order 13931, as ap- propriate and consistent with applicable law, including the Administrative Procedure Act (5 U.S.C. 551 et seq.). In addition, they shall abolish any personnel positions, committees, task forces, or other entities established pursuant to Executive Order 13845 or Ex

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Federal law — U.S. Code and appendices · legal_authorities

45 U.S.C. § 151 — Definitions; short title

When used in this chapter and for the purposes of this chapter—

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45 U.S.C. § 151 — Definitions; short title

Page 8 TITLE 45—RAILROADS § 126 1 So in original. Section 124, act July 15, 1913, ch. 6, § 11, 38 Stat. 108, related to constitution of United States Board of Medi- ation and Conciliation. See section 151 et seq. of this title. Section 125, act July 15, 1913, ch. 6, § 11, 38 Stat. 108, related to repeal of certain prior law. § 126. Repealed. Pub. L. 103–272, § 7(b), July 5, 1994, 108 Stat. 1379 Section, act Dec. 15, 1921, ch. 1, § 1, 42 Stat. 328, abol- ished offices of Commissioner and Assistant Commis- sioner of Mediation and Conciliation. CHAPTER 7—ADJUSTMENT BOARDS AND LABOR BOARDS §§ 131 to 146. Repealed. May 20, 1926, ch. 347, § 14, 44 Stat. 587 Section 131, act Feb. 28, 1920, ch. 91, § 300, 41 Stat. 469, defined terms for purposes of this chapter. See section 151 et seq. of this title. Section 132, act Feb. 28, 1920, ch. 91, § 301, 41 Stat. 469, related to disputes between carriers and their officers, agents, and employees. See section 151 et seq. of this title. Section 133, act Feb. 28, 1920, ch. 91, § 302, 41 Stat. 469, related to establishment of railroad boards of labor ad- justment. See section 151 et seq. of this title. Section 134, act Feb. 28, 1920, ch. 91, § 303, 41 Stat. 469, related to duty of boards to hear and decide disputes. See section 151 et seq. of this title. Section 135, act Feb. 28, 1920, ch. 91, § 304, 41 Stat. 470, related to establishment and composition of Railroad Labor Board. See section 151 et seq. of this title. Section 136, act Feb. 28, 1920, ch. 91, § 305, 41 Stat. 470, related to selection of members of board by President. See section 151 et seq. of this title. Section 137, act Feb. 28, 1920, ch. 91, § 306, 41 Stat. 470, related to effect of subsequent ineligibility of certain members. See section 151

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