The federal Unemployment Trust Fund: debt.
Fiscal committee
No
Current location
Labor, Public Employment and Retirement
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This resolution urges the U.S. Congress to pass legislation that would prevent federal unemployment taxes on businesses from increasing due to California’s substantial debt to the federal Unemployment Trust Fund. California’s debt, exceeding $20 billion, is largely attributed to increased unemployment filings, including fraudulent claims, which have strained the state’s unemployment insurance system. The resolution highlights that these increased taxes unfairly impact California businesses.
Key provisions
- Urges the U.S. Congress to enact legislation.
- Specifically targets preventing increases in federal unemployment taxes.
- Connects the debt to increased unemployment filings, shutdowns, and fraud.
- References California’s debt exceeding $20 billion.
- Highlights the impact on California businesses.
Who is affected
- California Businesses
- Federal Unemployment Trust Fund
- U.S. Congress
- California State Government
Notable changes
- Addresses California’s significant debt to the federal Unemployment Trust Fund.
- Links the debt to fraudulent unemployment claims.
- Calls for federal action to prevent increased taxes on businesses.
Bill text
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Sponsors
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10 on record
Primary sponsor
Cosponsors
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