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United States · Bill · S

S. 1871 (110th)

Unemployment Insurance Modernization Act

referredUnited States· United States Congress· EN

Introduced

25 July 2007

Last action

25 July 2007 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Kennedy, Edward M. [D-MA], Sen. Snowe, Olympia J. [R-ME], Sen. Rockefeller, John D., IV [D-WV], Sen. Warner, John [R-VA], Sen. Cantwell, Maria [D-WA], Sen. Levin, Carl [D-MI], Sen. Stabenow, Debbie [D-MI], Sen. Smith, Gordon H. [R-OR], Sen. Brown, Sherrod [D-OH], Sen. Whitehouse, Sheldon [D-RI], Sen. Menendez, Robert [D-NJ], Sen. Obama, Barack [D-IL], Sen. Akaka, Daniel K. [D-HI], Sen. Dodd, Christopher J. [D-CT], Sen. Kerry, John F. [D-MA], Sen. Reed, Jack [D-RI], Sen. Clinton, Hillary Rodham [D-NY], Sen. Lautenberg, Frank R. [D-NJ], Sen. Harkin, Tom [D-IA], Sen. Schumer, Charles E. [D-NY], Sen. Boxer, Barbara [D-CA], Sen. Webb, Jim [D-VA], Sen. Bingaman, Jeff [D-NM], Sen. Murray, Patty [D-WA], Sen. Specter, Arlen [R-PA], Sen. Durbin, Richard J. [D-IL]

Subjects

Taxation

Source updated

14 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Unemployment Insurance Modernization Act - Amends the Social Security Act to require the Secretary of Labor to make unemployment compensation modernization incentive payments in FY2008-FY2012 by certain transfers from the federal unemployment account to the accounts of the states in the Unemployment Trust Fund. Prescribes a formula for determining the maximum allowable incentive payments. Specifies requirements state law must meet for the state to qualify for such a payment. Limits the use of transferred amounts to the payment of cash unemployment benefits to individuals. Requires the Secretary of the Treasury to reserve specified funds out of the federal unemployment account for such incentive payments. Amends the Internal Revenue Code to extend through FY2013 the Federal Unemployment Tax Act (FUTA) excise tax imposed on every employer.

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

Timeline

  1. 25 July 2007

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 25 July 2007

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 25 July 2007

    Introduced

    Sponsor introductory remarks on measure. (CR S9920-9921)

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 25 July 2007

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 25 July 2007

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 25 July 2007

    Open at official source

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Sponsors

Related records

Sources

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