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Shielding Small Businesses from Unemployment Insurance Tax Hikes.

This bill aims to protect small businesses from increases in federal unemployment taxes (FUTA) that usually occur when a state has outstanding federal loans for its unemployment fund. Businesses with fewer than 500 employees will be exempt from these tax increases. This measure helps small employers maintain financial stability and potentially supports job retention.
Key points
Small businesses (fewer than 500 employees) are protected from higher federal unemployment taxes.
This protection applies when the state has unrepaid advances (loans) for its unemployment insurance fund.
The goal is to reduce financial burdens on small employers, promoting economic stability.
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Status:
Expired
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Additional Information
Print number: 118_HR_8559
Sponsor: Rep. Steel, Michelle [R-CA-45]
Process start date: 2024-05-23
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-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to protect small businesses from unemployment insurance premium increases by reason of unrepaid State advances.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8559.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-05-23.

What are the main provisions?

Key points include:

  • Small businesses (fewer than 500 employees) are protected from higher federal unemployment taxes.
  • This protection applies when the state has unrepaid advances (loans) for its unemployment insurance fund.
  • The goal is to reduce financial burdens on small employers, promoting economic stability.
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 Rep. Steel, Michelle [R-CA-45].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Work and Welfare.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

What is the impact of this bill?

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.

CATEGORIES

Taxes Labor Economy