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Senate committee advances bill to ban employer 'debt‑trap' repayment agreements
Summary
AB 692 would void employer 'stay or pay' debt‑repayment agreements that force workers to repay training or other costs if they leave their jobs; the Senate committee passed the bill and referred it to Judiciary as amended.
Assemblymember Kalra presented AB 692, a bill to prohibit employer debt‑repayment or “stay or pay” agreements that require employees to reimburse employers for training or other employer‑imposed costs if the worker leaves, is laid off or is terminated. The bill would void such agreements as unlawful contracts, while specifying exemptions for government‑sponsored loan forgiveness, employer tuition payment for transferable credentials and ordinary hiring and retention bonuses.
Nut graf: Supporters — including the California Nurses Association and…
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