A bill to improve the extended unemployment compensation program.

Summary

Provides that there is a national "on" indicator under the Federal-State Extended Unemployment Compensation Act for a week of unemployment if for each of the three most recent calendar months ending before such week the rate of national unemployment (seasonally adjusted) for all States equaled or exceeded 5 percent (now requires 4.5 percent). Provides that there is a national "off" indicator under such Act for a week if for each of the three most recent calendar months ending before such week the rate of national unemployment (seasonally adjusted) for all States was less than 5 percent (now requires 4.5 percent). Establishes a supplemental account has been established, for any individual for whom an individual compensation account has been established under such Act. Provides that such account shall be available for benefits paid under this Act for weeks of unemployment occurring in such individual's eligibility period. Increases the Federal share of compensation paid under the State compensation law to 100 percent. Extends the time period during which benefits are payable to an eligible individual by 13 weeks. Entitles a noninsured individual to compensation benefits under this Act if: (1) such individual has had six quarters of coverage under title II of the Social Security Act, or (2) such individual has been registered with the local employment service for at least six months and cannot obtain work, and the local employment service certifies that he has been so registered and cannot obtain work. Increases the rate of Federal unemployment tax under the Internal Revenue Code to 3.26 percent.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 24 June 1974

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.