HR 4619 · 114th Congress · Finance and Financial Sector

WARN Act of 2016

Introduced 2016-02-25· Sponsored by Rep. Cummings, Elijah E. [D-MD-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.(2016-03-22)

Plain Language Summary

[AI summary unavailable — showing source text] Whistleblower Augmented Reward and Nonretaliation Act of 2016 or the WARN Act of 2016 This bill amends the Financial Institutions Anti-Fraud Enforcement Act of 1990 governing the rights of a private person (declarant) who files a declaration of a violation giving rise to a federal action for civil penalties with respect to fraud crimes involving federally insured financial institutions. The bill revises the minimum and maximum percentage of a declarant's entitlement to share in the recovery by the United States from a judgment, order, or settlement that was based in whole or in part on the information contained in a valid declaration, and allows a 30-day window in which to appeal any award determination. The bill prescribes specified relief in a civil action intended to protect declarants from employer reprisals including reinstatement with the same seniority status. The Department of Justice shall require employers to provide education and training to employees regarding declarant rights and remedies. The Federal Deposit Insurance Act is amended to extend similar protections to employees of banking agencies, together with the same minimum and maximum rewards for information leadin…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat