Extension of Interest Waiver on State Unemployment Loans.
This act extends the period during which states do not have to pay interest on loans taken to fund unemployment benefits. This gives states more time to repay these loans without additional costs, potentially helping to stabilize their budgets and avoid tax increases or cuts in other public services.
Key points
The interest waiver for state unemployment loans is extended until September 30, 2022.
This change aims to provide additional financial relief to states that borrowed funds to pay unemployment benefits during the pandemic.
Status:
Expired
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