A new bill in the U.S. Senate would, if passed, require private businesses to inform their employees two months in advance if the owners intend to shut down the establishment.
Democrats introduced the legislation last week. It would function as an amendment to the Workers Adjustment Retraining and Notification Act, which requires businesses with 100 or more employees to issue such notifications. The new rule would lower that threshold to 50. The amended rule would also impose the two-month requirement on businesses with $2 million or more in payroll.
Sen. Chuck Schumer (D-NY), a sponsor of the bill, said it would "put some power back in the hands" of American workers.