2011 Senate Bill 484 / Public Act 268

Authorize state borrowing to pay off federal unemployment debt

Introduced in the Senate

June 16, 2011

Introduced by Sen. Mark Jansen (R-28)

To authorize a state unemployment “obligation assessment” imposed on all employers to service the debt incurred through state borrowing to pay off some $4 billion owed to the federal government for unemployment benefits paid to residents over the past several years. This bill lists the legislative findings and rationale for the debt. See also Senate Bill 483.

Referred to the Committee on Economic Development

Nov. 3, 2011

Reported without amendment

With the recommendation that the bill be referred to the Committee on Finance.

Referred to the Committee on Finance

Nov. 29, 2011

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Dec. 1, 2011

Substitute offered

The substitute passed by voice vote

Passed in the Senate 34 to 2 (details)

To authorize a state unemployment “obligation assessment” imposed on all employers to service the debt incurred through state borrowing to pay off some $3.2 billion owed to the federal government for unemployment benefits paid to residents over the past several years. Senate Bill 483 authorizes the borrowing ("bond sales").

Received in the House

Dec. 1, 2011

Referred to the Committee on Commerce

Dec. 13, 2011

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 14, 2011

Amendment offered by Rep. Vicki Barnett (D-37)

To strip-out a "tie bar" to Senate Bill 806, which without this amendment will require that bill to become law before this one can. SB 806 establishes certain unemployment insurance system reforms, including new duties on individuals receiving benefits.

The amendment failed by voice vote

Passed in the House 64 to 44 (details)

To authorize a state unemployment “obligation assessment” imposed on all employers to service the debt incurred through state borrowing to pay off some $3.2 billion owed to the federal government for unemployment benefits paid to residents over the past several years. Senate Bill 483 authorizes the borrowing ("bond sales").

Signed by Gov. Rick Snyder

Dec. 19, 2011