Lögin gera ráð fyrir tímabundnu úrræði vegna COVID-19 heimsfaraldursins þar sem launþegar geta fengið atvinnuleysisbætur ef vinnuveitandi hefur minnkað starfshlutfall þeirra um að mínsta kosti 20 prósentustig vegna samdráttar. Launþegar þurfa að halda að lágmarki 25% starfshlutfalli og samtala launa og atvinnuleysisbóta má ekki fara yfir 700.000 kr. á mánuði eða 90% af fyrri launum. Sjálfstætt starfandi geta einnig sótt um atvinnuleysisbætur ef þeir hafa tilkynnt Skattinum um verulegan samdrátt í rekstri. Úrræðið gilti frá 15. mars 2020 til 1. júní 2020.
This law created a temporary COVID-19 pandemic relief measure allowing employees to receive unemployment benefits when their employer reduced their working hours by at least 20 percentage points due to business contraction. Employees must maintain at least 25% employment, and the combined total of wages and unemployment benefits cannot exceed ISK 700,000 per month or 90% of previous wages. Self-employed individuals can also apply for unemployment benefits if they have notified the tax authorities of a significant contraction in their business. The measure was in effect from March 15, 2020 to June 1, 2020.