Displaced Worker Assistance Act of 2002

Summary

Displaced Worker Assistance Act of 2002 - Provides for assistance to displaced workers through a temporary extension of unemployment benefits and a health insurance tax credit. Temporary Extended Unemployment Compensation Act of 2002 - Establishes a temporary extended unemployment compensation (TEUC) program. Amends Social Security Act provisions relating to transfers of funds from the Federal unemployment account to State accounts in the Unemployment Trust Fund to: (1) repeal certain provisions added by the Balanced Budget Act of 1997; and (2) provide for special transfers in FY 2002. Amends the Internal Revenue Code to establish a displaced worker health insurance credit. Directs the Secretary of the Treasury to establish a program to make advance payments to providers of health insurance on behalf of individuals eligible for such credit. Amends the Public Health Service Act (PHSA) to direct the Secretary of Health and Human Services to make: (1) a grant to each State that has not created a qualified high risk pool, for the State's costs of creation and initial operation of such a pool; and (2) a matching grant to cover 50 percent of the losses incurred by a State in operating such a pool it has established that restricts the premiums charged to no more than 150 percent of the premium for applicable standard risk rates and that offers a choice of two or more coverage options. Requires, in the application of specified provisions and alternative State mechanisms under PHSA, increased access to health insurance for individuals eligible for the displaced worker health insurance credit, through the use of guaranteed issue, qualified high risk pools, and other appropriate State mechanisms. Declares that this Act shall have no impact on the Social Security trust funds. Designates certain amounts under this Act as emergency requirements under the Balanced Budget and Emergency Deficit Control Act of 1985.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 March 2002

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• Introduced in House (PDF)

  Introduced in House · EN · 5 March 2002

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• Introduced in House

  summary · EN · 5 March 2002

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