CAL Repayment Act
Unemployment Loan Repayment: New Rules for States
This bill is currently in the early stages of the legislative process after being sent to the House Committee on Ways and Means. It is actively moving forward, but no future meetings or votes have been scheduled yet. There is no companion bill for this legislation at this time.
Legislative Progress
This bill places strict limits on state spending, which usually faces strong opposition from state governors and their representatives in Congress.
Key Points
- This bill changes how states handle money they get from the federal government. If a state owes money to the federal government for unemployment loans, they must use any new federal grants to pay back those loans first.
- States often take out loans from the federal government to pay unemployment benefits during tough economic times. This law would make sure those debts are settled quickly when new money becomes available.
- If a state spends the federal money on other projects instead of paying back their debt, they will be forced to pay the entire amount back to the federal government within five business days.
- The goal is to make sure states are held accountable for the money they borrow. It prevents states from using new federal aid for other programs while they still have unpaid debts from previous years.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
CAL Repayment Act
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.