3.0.0 386 2023-01-11T13:20:26Z 2023-01-11T13:20:26Z Senate S S 2011-02-17 112 ssfi00 Finance Committee Senate Standing Referred to 2011-02-17T18:36:03Z 2011-02-17 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S885-887) IntroReferral 2011-02-17 Sponsor introductory remarks on measure. (CR S885) IntroReferral B00100 9 Library of Congress 2011-02-17 Introduced in Senate IntroReferral 10000 9 Library of Congress D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. N R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2011-02-17 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2011-02-17 True W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2011-03-07 False Labor and Employment Administrative law and regulatory procedures Department of Labor Employment taxes Government lending and loan guarantees Government trust funds State and local finance Unemployment Wages and earnings Labor and Employment 00 2011-02-17 Introduced in Senate 2011-04-27T12:25:06Z Unemployment Insurance Solvency Act of 2011 - Amends title XII of the Social Security Act (Advances to State Unemployment Funds) to: (1) extend through December 31, 2012, the waiver granted to states for payment of interest on advances made from the federal unemployment account in the Unemployment Trust Fund; and (2) authorize the governor of any state that has outstanding repayable advances from the federal unemployment account to apply to the Secretary of Labor to enter into a voluntary principal abatement agreement.

Amends the Internal Revenue Code to: (1) extend the 6.2% employment tax rate for employers through 2013 and impose a reduced 5.78% rate in 2014, (2) modify the rate applicable to the limit on the credit allowed to employers for the federal unemployment tax, and (3) increase the taxable wage base for the federal unemployment tax to $15,000 in 2014.

Amends title IX of the Social Security Act (Miscellaneous Provisions Relating to Employment Security) to increase the rate of interest payable on unemployment compensation reserves and lower the rate of the employment tax for employers in states whose unemployment compensation fund remains solvent.


]]> Unemployment Insurance Solvency Act of 2011 Display Title Unemployment Insurance Solvency Act of 2011 Official Title as Introduced A bill to provide assistance to certain employers and States in 2011 and 2012, to improve the long-term solvency of the Unemployment Compensation program, and for other purposes. Introduced in Senate IS Short Titles as Introduced Unemployment Insurance Solvency Act of 2011 Introduced in Senate 2011-02-17T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s386is/xml/BILLS-112s386is.xml 2011-02-17 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S885-887) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.