CAL Repayment Act

Summary#

This bill, called the Creating Accountability in Loan Repayment Act or the CAL Repayment Act, changes title XII of the Social Security Act. It adds a requirement to section 1202 that when a State receives federal funds that can be used to repay an advance made under section 1201 (unemployment insurance advances), the State must use those funds to repay any outstanding advance within 5 business days of the funds becoming available. If the Secretary determines the State used the funds for another purpose first, the State must, within 5 business days of that determination, pay the Federal Government an amount equal to the full amount of the funds. The change applies to funds awarded on or after the bill becomes law.

What it means for you#

• If you work for a State agency that manages unemployment insurance advances: you must use eligible incoming federal funds to repay outstanding Title XII advances within 5 business days before using those funds for other purposes.
• If you are a member of the public: the bill sets a short deadline for States to repay certain outstanding advances when they receive federal funds that can be used for that purpose.

Expenses#

No publicly available information on the bill's cost, savings, or budgetary effects is included in the bill text or metadata provided.

Proponents' View#

No publicly available information on supporters' stated reasons or arguments is included in the bill text or metadata provided.

Opponents' View#

No publicly available information on opponents' stated reasons or arguments is included in the bill text or metadata provided.