A bill to extend the Reed Act and to authorize the designation of funds in State accounts as Reed Act funds in certain circumstances.

Summary

Amends title IX (Employment Security) of the Social Security Act (the Act) to extend, for ten years, the Reed Act (which provides for the transfer of Federal unemployment tax amounts to individual State accounts under certain conditions). Amends title XII (Advances to State Unemployment Compensation Funds) of the Act to permit, upon the repayment of all advances, the designation of funds in a State account, transferred pursuant to the Reed Act and used to pay unemployment benefits, as Reed Act funds, so that such State qualifies for a title XII advance.

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Timeline

1. 18 September 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

2. 18 September 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 22 September 1981

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department; Health and Human Services Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 18 September 1981

  Open at official source

Sponsors

• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Symms, Steven D. [R-ID] · R · Sponsor
• Sen. Baucus, Max [D-MT] · D · Cosponsor
• Sen. Melcher, John [D-MT] · D · Cosponsor
• · ssfi00 · Standing

Related records

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