Section 1 Short title
This Act may be cited as the “Unemployment Trust Fund Accountability Act”.
Unemployment Trust Fund Accountability Act
A BILL
To direct each State with an outstanding balance in excess of $1,000,000,000, as of January 1, 2023, of advances from the Federal unemployment account to submit to the Secretary of Labor a report detailing how such State intends to repay such advances.
Sec. 2 State report on repayment of debts to unemployment trust fund
Not later than 90 days after the date of enactment of this Act, each State with an outstanding balance in excess of $1,000,000,000, as of January 1, 2023, of advances from the Federal unemployment account in the Unemployment Trust Fund under section 1201 of the Social Security Act (42 U.S.C. 1321) shall submit to Congress and the Secretary of Labor a report detailing how such State intends to repay such advances.