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- Tax Reform in the 113th Congress: An Overview of Proposals -- Click to view this document
- The U.S. Science and Engineering Workforce: Recent, Current, and Projected Employment, Wages, and Unemployment -- Click to view this document
- The DHS S&T Directorate: Selected Issues for Congress -- Click to view this document
- Sequestration at the Federal Aviation Administration (FAA): Air Traffic Controller Furloughs and Congressional Response -- Click to view this document
- Status of Federal Funding for State Implementation of Health Insurance Exchanges -- Click to view this document
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- Japan-U.S. Relations: Issues for Congress -- Click to view this document
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- Native American Oral History and Cultural Interpretation in Rocky Mountain National Park -- Click to view this document
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The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States
During some recessions, current taxes and reserve balances were insufficient to cover state expenditures for unemployment compensation (UC) benefits. UC benefits are an entitlement, and states are legally required to pay benefits even if the state account is insolvent. Some states may borrow funds from the Federal Unemployment Account (FUA) within the Unemployment Trust Fund (UTF) to meet UC benefit obligations. The 2009 stimulus package (the American Recovery and Reinvestment Act of 2009, P.L. 111-5 §2004) temporarily waived interest payments and the accrual of interest on these loans to states from the FUA. As of the date of this report, no relevant legislation in the 113th Congress has been introduced. This report will be updated to reflect major changes in state UTF account solvency.
This package includes following files:
| # | File Name | Document Date | Order ID: | Number of Pages | Price | |
|---|---|---|---|---|---|---|
| 1 |
RS22954.pdf
|
Jan 24, 2013 | RS22954 | 14 | $29.95 | Add to Cart |
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