arrow_back Back to App

Protecting Small Businesses from Unemployment Insurance Premium Hikes

This proposed law aims to shield small businesses from unexpected increases in unemployment insurance costs. It ensures that companies with fewer than 500 employees will not face higher premiums due to unpaid state advances. This means more stable finances for many businesses and potentially more job security.
Key points
Small businesses (under 500 employees) will not incur higher unemployment insurance premiums due to unrepaid state advances.
The changes apply to tax years beginning after the law's enactment, providing financial relief for eligible businesses.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1959
Sponsor: Rep. Tenney, Claudia [R-NY-24]
Process start date: 2025-03-06
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
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 119_HR_1959.

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 2025-03-06.

What are the main provisions?

Key points include:

  • Small businesses (under 500 employees) will not incur higher unemployment insurance premiums due to unrepaid state advances.
  • The changes apply to tax years beginning after the law's enactment, providing financial relief for eligible businesses.
What is the specific legal status?

The current status is Introduced.

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. Tenney, Claudia [R-NY-24].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Taxes Labor Economy