HB 347 Reduces Unemployment Benefits for Georgia Workers to Repay Federal Loan

Under the General Assembly’s plan to repay the $746.8 million federal loan Georgia borrowed to meet its unemployment insurance obligations during the recession, laid-off Georgians will lose their state unemployment benefits faster, while employers will receive a permanent cut in their unemployment insurance (UI) obligations. The new law means struggling families will bear most of the burden for repaying the loan. Download the PDF

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Bill Analysis: Senate Bill 447 (LC 36 2103-EC) | Unemployment Insurance

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