CBO: Protecting Older Americans Act of 2023

As reported by the Senate Committee on the Judiciary on May 16, 2024.

Summary:

S. 1979 would prohibit predispute arbitration agreements or joint-action waivers from being valid or enforceable if they require arbitration of an age discrimination dispute. Federal law prohibits employers from discriminating against people who are 40 years of age or older based on their age in any aspect of employment, including hiring, firing, promotion, compensation, job assignments, and training.

Such predispute arbitration agreements are generally included as a clause in employment contracts and require employees to resolve disputes through arbitration instead of pursuing resolution through litigation. The prohibition would apply to any dispute or claim that arises on or after the date of enactment.

Text of Legislation.

Cost Estimate.

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Established in 1974, The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government.  It is charged with providing  members of Congress  objective  analysis of budgeting and economic issues to support the congressional budget process. Each year, CBO economists and budget analysts produce dozens of reports and hundreds of cost estimates for proposed legislation

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