H.R. 1959 — To amend the Internal Revenue Code of 1986 to protect small businesses from unemployment insurance premium increases by reason of unrepaid State advances.

H.R. 1959 — To amend the Internal Revenue Code of 1986 to protect small businesses from unemployment insurance premium increases by reason of unrepaid State advances. | JustPolicyThe purpose of this legislation is to protect small businesses from increases in unemployment insurance premiums that could occur due to unpaid state advances. These advances are funds that states may borrow from the federal government to pay unemployment benefits during times of high unemployment. The key provision of this legislation is the amendment to the Internal Revenue Code. It specifically states that small businesses, defined as those with fewer than 500 employees, will not have their unemployment insurance premium credits reduced because of any unpaid state advances.