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

Bill: 117-s-3760
Sponsor: full_name: Sen. Durbin, Richard J. [D-IL]
Introduced: 2022-03-03
Policy area: Labor and Employment
Subjects: Government lending and loan guarantees

Government trust funds

Interest, dividends, interest rates

Intergovernmental relations

State and local finance

State and local government operations

Unemployment
Latest action: action_date: 2022-03-03
text: Read twice and referred to the Committee on Finance. (text: CR S994)

Summaries:
action_date: 2022-03-03
action_desc: Introduced in Senate
text: <p><b>Continued Waiver of Interest on State Unemployment Loans during the Pandemic Act</b></p> <p>This bill extends the waiver on interest on State Unemployment Loans from September 6, 2021, to September 30, 2022.</p>

tv_txt: II 117th CONGRESS 2d Session S. 3760 IN THE SENATE OF THE UNITED STATES March 3, 2022 Mr. Durbin (for himself, Ms. Duckworth , Ms. Smith , Mrs. Gillibrand , Mr. Bennet , and Mr. Blumenthal ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To continue the temporary waiver of interest on State unemployment loans during the pandemic to provide additional relief, and for other purposes.

1. Short title This Act may be cited as the Continued Waiver of Interest on State Unemployment Loans during the Pandemic Act . 2. Extension of interest-free loans (a) In general Section 1202(b)(10)(A) of the Social Security Act ( 42 U.S.C. 1322(b)(10)(A) ) is amended by striking September 6, 2021 and inserting September 30, 2022 . (b) Effective date The amendment made by subsection (a) shall take effect as if included in the enactment of the Families First Coronavirus Response Act ( Public Law 116–127 ).