II 112th CONGRESS 1st Session S. 1513 IN THE SENATE OF THE UNITED STATES September 6, 2011 Mr. Schumer introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend title XII of the Social Security Act to extend the provision waiving certain interest payments on advances made to States from the Federal unemployment account in the Unemployment Trust Fund.

1.

Extension of provision granting temporary assistance for States with advances

(a)

In general

Section 1202(b)(10) of the Social Security Act (42 U.S.C. 1322(b)(10)), as added by section 2004 of the Assistance for Unemployed Workers and Struggling Families Act (Public Law 111–5; 123 Stat. 443), is amended— (1)in subparagraph (A), by striking December 31, 2010 and inserting December 31, 2012; and (2)by adding at the end the following new subparagraph: (C)During the period beginning on January 1, 2011 and ending on December 31, 2012, the provisions of subparagraph (A) shall not apply to a State that, during the period beginning on January 1, 2011 and ending on the date of enactment of this subparagraph, imposed any tax, fee, assessment, or other charge on any taxpayer for purposes of paying interest otherwise due from the State under this subsection (referred to in this subparagraph as an interest assessment), unless the State makes all reasonable efforts (as determined by the Secretary of Labor) to fully reimburse taxpayers that were subject to the interest assessment. . (b)

Effective date

The amendments made by subsection (a) shall take effect as if included in the enactment of section 2004 of the Assistance for Unemployed Workers and Struggling Families Act.