{ "id": "RS22954", "type": "CRS Report", "typeId": "RS", "number": "RS22954", "active": true, "source": "CRSReports.Congress.gov, EveryCRSReport.com, University of North Texas Libraries Government Documents Department", "versions": [ { "source_dir": "crsreports.congress.gov", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "retrieved": "2023-02-13T04:03:32.350436", "id": "RS22954_55_2023-01-13", "formats": [ { "filename": "files/2023-01-13_RS22954_fd89d136efc80a9229ba2f2f7cddad89b4fcae38.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/RS/RS22954/55", "sha1": "fd89d136efc80a9229ba2f2f7cddad89b4fcae38" }, { "format": "HTML", "filename": "files/2023-01-13_RS22954_fd89d136efc80a9229ba2f2f7cddad89b4fcae38.html" } ], "date": "2023-01-13", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "RS", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=RS22954", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "retrieved": "2023-02-13T04:03:32.349312", "id": "RS22954_52_2020-12-01", "formats": [ { "filename": "files/2020-12-01_RS22954_e740ba2f8fa4cf0189248b79eb6174cad51f5e3c.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/RS/RS22954/52", "sha1": "e740ba2f8fa4cf0189248b79eb6174cad51f5e3c" }, { "format": "HTML", "filename": "files/2020-12-01_RS22954_e740ba2f8fa4cf0189248b79eb6174cad51f5e3c.html" } ], "date": "2020-12-01", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "RS", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=RS22954", "type": "CRS Report" }, { "source": "EveryCRSReport.com", "id": 623376, "date": "2020-04-16", "retrieved": "2020-04-30T22:15:47.809996", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "summary": "Although states have a great deal of autonomy in how they establish and run their unemployment insurance programs, federal law requires states to pay Unemployment Compensation (UC) benefits promptly as provided under state law. During some recessions, current taxes and reserve balances may be insufficient to cover state obligations for UC benefits. States may borrow funds from the federal loan account within the Unemployment Trust Fund (UTF) to meet UC benefit obligations.\nThis report summarizes how insolvent states may borrow funds from the UTF loan account to meet their UC benefit obligations. It includes the manner in which states must repay federal UTF loans. It also provides details on how the UTF loans may trigger potential interest accrual and explains the timetable for increased net Federal Unemployment Taxes Act (FUTA) taxes if the funds are not repaid promptly.\nThe Unemployment Insurance (UI) provisions in the Families First Coronavirus Response Act (FFCRA, P.L. 116-127) provide various types of assistance to states, including a temporary suspension on the accrual of interest on federal advances (loans) to states to pay UC benefits and a waiver of interest payments through December 2020. FFCRA does not reduce the underlying loan amount that must be repaid.\nOutstanding loans listed by state may be found at the Department of Labor\u2019s (DOL\u2019s) website, https://oui.doleta.gov/unemploy/budget.asp.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/RS22954", "sha1": "5de091161ce2b7f60eefd46c8059b45772478211", "filename": "files/20200416_RS22954_5de091161ce2b7f60eefd46c8059b45772478211.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/RS22954", "sha1": "5917a2bea14d6acf826af04f677e89b6eeabcebb", "filename": "files/20200416_RS22954_5917a2bea14d6acf826af04f677e89b6eeabcebb.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4888, "name": "Unemployment Insurance" } ] }, { "source": "EveryCRSReport.com", "id": 592021, "date": "2019-01-30", "retrieved": "2019-12-20T20:04:47.652619", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "summary": "Although states have a great deal of autonomy in how they establish and run their unemployment insurance programs, federal law requires states to pay Unemployment Compensation (UC) benefits promptly as provided under state law. During some recessions, current taxes and reserve balances may be insufficient to cover state obligations for UC benefits. States may borrow funds from the federal loan account within the Unemployment Trust Fund (UTF) to meet UC benefit obligations.\nThis report summarizes how insolvent states may borrow funds from the UTF loan account to meet their UC benefit obligations. It includes the manner in which states must repay federal UTF loans. It also provides details on how the UTF loans may trigger potential interest accrual and explains the timetable for increased net Federal Unemployment Taxes Act (FUTA) taxes if the funds are not repaid promptly.\nOutstanding loans listed by state may be found at the Department of Labor\u2019s (DOL\u2019s) website, https://oui.doleta.gov/unemploy/budget.asp.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/RS22954", "sha1": "6addec006b83b49f1952cb7b10d9dac173ca66f9", "filename": "files/20190130_RS22954_6addec006b83b49f1952cb7b10d9dac173ca66f9.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/RS22954", "sha1": "c2cf9b5ad61b1c42c76b3a7d0677b973a6bbd18d", "filename": "files/20190130_RS22954_c2cf9b5ad61b1c42c76b3a7d0677b973a6bbd18d.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4888, "name": "Unemployment Insurance" } ] }, { "source": "EveryCRSReport.com", "id": 578762, "date": "2018-02-26", "retrieved": "2018-05-10T11:18:53.231993", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "summary": "Although states have a great deal of autonomy in how they establish and run their unemployment insurance programs, federal law requires states to pay Unemployment Compensation (UC) benefits promptly as provided under state law. During some recessions, current taxes and reserve balances may be insufficient to cover state obligations for UC benefits. States may borrow funds from the federal loan account within the Unemployment Trust Fund (UTF) to meet UC benefit obligations.\nThis report summarizes how insolvent states may borrow funds from the UTF loan account to meet their UC benefit obligations. It includes the manner in which states must repay federal UTF loans. It also provides details on how the UTF loans may trigger potential interest accrual and explains the timetable for increased net Federal Unemployment Taxes Act (FUTA) taxes if the funds are not repaid promptly.\nOutstanding loans listed by state may be found at the Department of Labor\u2019s (DOL\u2019s) website, https://ows.doleta.gov/unemploy/budget.asp.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/RS22954", "sha1": "fb7eb5d37f75b4f834a1e392cce0d3e3c30305fb", "filename": "files/20180226_RS22954_fb7eb5d37f75b4f834a1e392cce0d3e3c30305fb.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS22954", "sha1": "22484d340dc06b015a96a471f014ef750f88e80f", "filename": "files/20180226_RS22954_22484d340dc06b015a96a471f014ef750f88e80f.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4888, "name": "Unemployment Insurance" } ] }, { "source": "EveryCRSReport.com", "id": 456725, "date": "2016-10-24", "retrieved": "2016-11-28T22:33:08.411682", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "summary": "Although states have a great deal of autonomy in how they establish and run their unemployment insurance programs, federal law requires states to pay Unemployment Compensation (UC) benefits promptly as provided under state law. During some recessions, current taxes and reserve balances may be insufficient to cover state obligations for UC benefits. States may borrow funds from the federal loan account within the Unemployment Trust Fund (UTF) to meet UC benefit obligations.\nThis report summarizes how insolvent states may borrow funds from the UTF loan account to meet their UC benefit obligations. It includes the manner in which states must repay federal UTF loans. It also provides details on how the UTF loans may trigger potential interest accrual and explains the timetable for increased net Federal Unemployment Taxes Act (FUTA) taxes if the funds are not repaid promptly.\nOutstanding loans listed by state may be found at the Department of Labor\u2019s (DOL\u2019s) website: http://www.workforcesecurity.doleta.gov/unemploy/budget.asp#tfloans.", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/RS22954", "sha1": "4b5ede06644467c89c1426fa705834c08c1db0be", "filename": "files/20161024_RS22954_4b5ede06644467c89c1426fa705834c08c1db0be.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS22954", "sha1": "d3eb873fcce04f2e3429804b6e09d1ff00648006", "filename": "files/20161024_RS22954_d3eb873fcce04f2e3429804b6e09d1ff00648006.pdf", "images": null } ], "topics": [ { "source": "IBCList", "id": 4888, "name": "Unemployment Insurance" } ] }, { "source": "EveryCRSReport.com", "id": 438262, "date": "2015-02-10", "retrieved": "2016-04-06T19:30:19.276699", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "summary": "Although states have a great deal of autonomy in how they establish and run their unemployment insurance programs, federal law requires states to pay Unemployment Compensation (UC) benefits promptly as provided under state law. During some recessions, current taxes and reserve balances may be insufficient to cover state obligations for UC benefits. States may borrow funds from the federal loan account within the Unemployment Trust Fund (UTF) to meet UC benefit obligations.\nThis report summarizes how insolvent states may borrow funds from the UTF loan account to meet their UC benefit obligations. It includes the manner in which states must repay federal UTF loans. It also provides details on how the UTF loans may trigger potential interest accrual and explains the timetable for increased net Federal Unemployment Taxes Act (FUTA) taxes if the funds are not repaid promptly.\nOutstanding loans listed by state may be found at the Department of Labor\u2019s (DOL\u2019s) website: http://www.workforcesecurity.doleta.gov/unemploy/budget.asp#tfloans.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/RS22954", "sha1": "719ed8575361c7638135272926acf0db5a0e3161", "filename": "files/20150210_RS22954_719ed8575361c7638135272926acf0db5a0e3161.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS22954", "sha1": "af054b5d014ae84aa4a4e2cd169abf9cfff63e4c", "filename": "files/20150210_RS22954_af054b5d014ae84aa4a4e2cd169abf9cfff63e4c.pdf", "images": null } ], "topics": [ { "source": "IBCList", "id": 3938, "name": "Unemployment Insurance" } ] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc820751/", "id": "RS22954_2014May05", "date": "2014-05-05", "retrieved": "2016-03-19T13:57:26", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20140505_RS22954_f441cc8de13e61d66f1c0ba20c8a41f117911ed2.pdf" }, { "format": "HTML", "filename": "files/20140505_RS22954_f441cc8de13e61d66f1c0ba20c8a41f117911ed2.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc122350/", "id": "RS22954_2012Sep20", "date": "2012-09-20", "retrieved": "2012-11-30T09:28:34", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "summary": "This report summarizes how insolvent states may borrow funds from the federal account within the Unemployment Trust Fund (UTF) to meet their unemployment compensation (UC) benefit obligations.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20120920_RS22954_34c43951c4d1d22cb529e1ebf776b70203494b43.pdf" }, { "format": "HTML", "filename": "files/20120920_RS22954_34c43951c4d1d22cb529e1ebf776b70203494b43.html" } ], "topics": [ { "source": "LIV", "id": "Unemployment insurance", "name": "Unemployment insurance" }, { "source": "LIV", "id": "Labor", "name": "Labor" }, { "source": "LIV", "id": "Unemployment", "name": "Unemployment" }, { "source": "LIV", "id": "Federal-state relations", "name": "Federal-state relations" } ] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc821369/", "id": "RS22954_2012Jan10", "date": "2012-01-10", "retrieved": "2016-03-19T13:57:26", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20120110_RS22954_801422952e8efed12ac9f4044ec18e7b44e9a649.pdf" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc809924/", "id": "RS22954_2011Aug08", "date": "2011-08-08", "retrieved": "2016-03-19T13:57:26", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20110808_RS22954_047135337879ddf44e90822fdf8d4ec9b3aa8bb2.pdf" }, { "format": "HTML", "filename": "files/20110808_RS22954_047135337879ddf44e90822fdf8d4ec9b3aa8bb2.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc96816/", "id": "RS22954_2011Jul08", "date": "2011-07-08", "retrieved": "2012-08-07T13:52:45", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "summary": "This report summarizes how insolvent states may borrow funds from the federal account within the Unemployment Trust Fund (UTF) to meet their unemployment compensation (UC) benefits obligations.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20110708_RS22954_47994808056d71a9ab9bfd4e6e5e029a14d04f81.pdf" }, { "format": "HTML", "filename": "files/20110708_RS22954_47994808056d71a9ab9bfd4e6e5e029a14d04f81.html" } ], "topics": [ { "source": "LIV", "id": "Unemployment insurance", "name": "Unemployment insurance" }, { "source": "LIV", "id": "Labor", "name": "Labor" }, { "source": "LIV", "id": "Federal-state relations", "name": "Federal-state relations" } ] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc505515/", "id": "RS22954_2010Jan12", "date": "2010-01-12", "retrieved": "2015-05-29T05:37:21", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "summary": "This report summarizes how insolvent states may borrow funds from the federal account within the Unemployment Trust Fund (UTF) to meet their unemployment compensation (UC) benefit obligations.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20100112_RS22954_91d4b1a8824dc6182863a7cb365687053a9dd420.pdf" }, { "format": "HTML", "filename": "files/20100112_RS22954_91d4b1a8824dc6182863a7cb365687053a9dd420.html" } ], "topics": [ { "source": "LIV", "id": "Unemployment insurance", "name": "Unemployment insurance" }, { "source": "LIV", "id": "Labor", "name": "Labor" }, { "source": "LIV", "id": "Unemployment", "name": "Unemployment" }, { "source": "LIV", "id": "Federal-state relations", "name": "Federal-state relations" } ] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc814720/", "id": "RS22954_2009Jan21", "date": "2009-01-21", "retrieved": "2016-03-19T13:57:26", "title": "The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20090121_RS22954_72a9931ab7ecfb4e76eeef4e4bf3fc5074ce2321.pdf" }, { "format": "HTML", "filename": "files/20090121_RS22954_72a9931ab7ecfb4e76eeef4e4bf3fc5074ce2321.html" } ], "topics": [] } ], "topics": [ "Domestic Social Policy" ] }