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 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 4.5 percent). Establishes a supplemental account, for any individual for whom an individual compensation account 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 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.

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1 official file

• Introduced in House

  summary · EN · 19 April 1973

  Open at official source

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