CAL Repayment Act

This bill changes federal law on loans (called advances) that the federal government makes to states to pay unemployment insurance benefits. If a state gets federal money that is allowed to be used to repay such a loan, the state must use that money to pay off any unpaid loan balance within 5 business days, before using it for anything else. If the Secretary finds that a state used the money for another purpose first, the state must pay the federal government the full amount of those funds within 5 business days. The rule applies to funds awarded on or after the date the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Vince Fong Republican sponsor
• 12 cosponsors