Automation Technology Deployment Assessment and Displaced Employee Retraining Fund - Established

HB 314 requires large Maryland employers (100+ employees who reduced their workforce by at least 10 due to automation) to report annual data on automation use and job losses starting in 2028. These employers must pay a $900 assessment per displaced employee (adjusted annually for inflation) to fund the Displaced Employee Retraining Fund. The fund supports retraining for workers separated from jobs due to automation technology, excluding voluntary departures or facility closures. Employers can reduce payments by 50% if they provide severance, retraining opportunities, or help place workers with smaller local employers.