REEF Act
Summary
Railroad Employee Equity and Fairness Act or the REEF Act
This bill permanently exempts payments made from the Railroad Unemployment Insurance Account from sequestration. Sequestration is a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.
Currently, this exemption ends 30 days after the termination of the COVID-19 national emergency period.
Lifecycle of the Bill
Introduced in Senate
Apr 3, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 3, 2025