S 3140
Unemployment Insurance Modernization and Recession Readiness Act
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Bill overview
The Unemployment Insurance Modernization and Recession Readiness Act aims to update and strengthen the federal unemployment compensation system. It proposes significant changes to both extended benefits and regular unemployment benefits, including full federal funding for extended benefits, improved triggers for when extended benefits are activated, and increased weekly benefit amounts. The bill also introduces measures to enhance the portability of extended benefits, streamline calculations, and address issues related to part-time work and the base period used for determining eligibility.
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