S. 3760Senate117th Congress (2021-2023)In Committee

Continued Waiver of Interest on State Unemployment Loans during the Pandemic Act

Introduced March 3, 2022

AI-Generated Summary

Updated February 8, 2026 at 9:48 AM UTC

The bill extends the temporary waiver of interest on loans that states receive to fund unemployment benefits. It moves the expiration date from September 6 2021 to September 30 2022, continuing the relief provided during the COVID‑19 pandemic. The change affects state governments that borrow under the unemployment insurance program.

Key Provisions

  • Amends the Social Security Act to change the interest‑free deadline for state unemployment loans, extending it to September 30 2022.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text: CR S994)

March 3, 2022

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SenateIntro Referral

Introduced in Senate

March 3, 2022

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text: CR S994)

March 3, 2022

Floor Debate

2 members

What members said about S. 3760 on the floor

2 Democrats
Thomas R. Carper
Sen. Thomas R. CarperD-DE · Mar 3, 2022

Mr. President, today I am pleased to introduce, alongside the Senator from Arkansas, Mr. Boozman, and the Senator from West Virginia, Mrs. Capito, the Recycling and Composting Accountability Act.…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Mar 3, 2022

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Mar 3, 2022

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

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Introduced in SenateIssued March 3, 2022

II

117th CONGRESS

2d Session

S. 3760

IN THE SENATE OF THE UNITED STATES

March 3, 2022

Mr. Durbin (for himself, Ms. Duckworth, Ms. Smith, Mrs. Gillibrand, Mr. Bennet, and Mr. Blumenthal) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To continue the temporary waiver of interest on State unemployment loans during the pandemic to provide additional relief, and for other purposes.

1.

Short title

This Act may be cited as the Continued Waiver of Interest on State Unemployment Loans during the Pandemic Act.

2.

Extension of interest-free loans

(a)

In general

Section 1202(b)(10)(A) of the Social Security Act (42 U.S.C. 1322(b)(10)(A)) is amended by striking September 6, 2021 and inserting September 30, 2022.

(b)

Effective date

The amendment made by subsection (a) shall take effect as if included in the enactment of the Families First Coronavirus Response Act (Public Law 116–127).