What to Know
- Connecticut a bill that gives federal workers zero interest loans while the shutdown persists.
- Federal workers will be able to receive loans from the state’s banks and credit unions that amount to one month's pay, capped at $5,000.
- This is the first bill that Gov. Lamont passed after being sworn in on Jan. 9.
Connecticut signed in a new law Tuesday that gives federal workers zero interest loans while the shutdown persists.
Both essential and nonessential federal workers will be able to receive loans from the state’s banks and credit unions that amount to one month’s pay, capped at $5,000.
This is the first bill that Governor Ned Lamont passed after being sworn in on Jan. 9.
“I’m proud that the first bill I am signing into law has strong bipartisan support, was created through a collaboration with the state’s business community, and provides aid to people who are in need through no fault of their own,” said Gov. Lamont in a statement.
“This unique and innovative partnership will help federal workers access the funding necessary to pay their bills and put food on the table during the shutdown.”
Government workers may apply for additional loans for every thirty days that the shutdown continues. There is a 90 day grace period after the government is refunded that borrowers can use to pay back their loans.
Local
“I don’t know when the shutdown will end, but I do know that the State of Connecticut and the private sector will continue to work together to help those in need,” Lamont said.
