Terminates unemployment insurance benefit payments under the CARES Act and rescinds unobligated balances of CARES Act funds.
The CLOSE Act, or Clawing back Lapsed Obligations from State Emergency programs Act, amends the CARES Act to terminate unemployment insurance benefit payments and rescind unobligated balances of CARES Act funds. It repeals certain sections of the CARES Act, prohibits states from entering agreements for unemployment insurance payments, and rescinds unobligated balances in the extended unemployment compensation account of the Unemployment Trust Fund. The changes take effect 30 days after the enactment of this Act.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.