This bill, H. R. 8559, aims to amend the Internal Revenue Code to help small businesses avoid increases in unemployment insurance premiums due to unpaid State advances. It proposes that small businesses with fewer than 500 employees should not have their tax credits reduced...
Simple Explanation
The bill wants to help small businesses, with less than 500 workers, by stopping their costs for job insurance from going up if a state owes money. It's like making sure a small shop doesn't have to pay extra for job insurance because the state hasn't paid back a loan.