Proposed Bill Would Grant Debt Relief to Employees

Proposed Bill or Initiative

Author: Marielos Acosta, Associate - BDS, Member of Littler Global

A new proposed bill would grant relief to employees with high levels of debt. The bill would ensure that at least 40% of an employee’s salary is free from reductions and would allow employees to access better conditions for their loans, such as longer terms and lower interest rates, to ensure their salary is not completely compromised.