Bill 117 HR 6922, also known as the Continued Waiver of Interest on State Unemployment Loans during the Pandemic Act, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to provide relief to states that have taken out loans from the federal government to cover the costs of their unemployment insurance programs during the COVID-19 pandemic.
The bill proposes to extend the waiver of interest on these loans for an additional period of time, in order to help states manage their finances and avoid additional financial burdens during this challenging time. By waiving the interest on these loans, states will be able to focus on providing much-needed support to their residents who have been impacted by the economic effects of the pandemic.
If passed, this bill would provide much-needed financial relief to states across the country, allowing them to continue to provide essential services to their residents without incurring additional costs. It is an important piece of legislation that aims to support states as they navigate the ongoing challenges of the pandemic and work to rebuild their economies in the months and years ahead.