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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.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_3760
Sponsor: Sen. Durbin, Richard J. [D-IL]
Process start date: 2022-03-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Continued Waiver of Interest on State Unemployment Loans during the Pandemic Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3760.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-03.

What are the main provisions?

Key points include:

  • 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.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Durbin, Richard J. [D-IL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Benefits Economy