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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.
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Status:
Expired
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Additional Information
Continued Waiver of Interest on State Unemployment Loans during the Pandemic Act
Print number: S 3760
Sponsor: Sen. Durbin, Richard J. [D-IL]
Process start date: 2022-03-03
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Extension of Interest Waiver on State Unemployment Loans.

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is 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.

Analysis and Potential Impact of S 3760

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Benefits Economy