Bloomberg Law
March 26, 2020, 4:31 PMUpdated: March 26, 2020, 8:32 PM

Virus Loans to Come With Union Neutrality Pledge for Companies (1)

Jaclyn Diaz
Jaclyn Diaz

Mid-size businesses seeking loans under new coronavirus stimulus legislation moving in Congress would have to agree not to oppose unions looking to organize their workers.

Companies with between 500 and 10,000 employees applying for a direct loan from the Treasury Department would be required to “make a good-faith certification that the recipient will remain neutral in any union organizing effort for the term of the loan.” New loans for businesses affected by the pandemic are available for up to five years under the bill (H.R. 748) pending in the House and expected to be signed by President Donald Trump this ...

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