Unemployment Insurance Administrative Financing Reform Act

Unemployment Insurance Administrative Financing Reform Act - Amends the Social Security Act to provide entitlement grants to States to assist in the administration of their unemployment compensation laws (including administration pursuant to agreements under any Federal unemployment compensation law). Provides for an annual aggregate payment of such a State entitlement in the sum of: (1) the basic unemployment insurance service grant; (2) the anticipated additional workload grant; and (3) the unanticipated additional workload grant.

Directs the Secretary of Labor, within 12 months, to report to the Congress an evaluation of proposals for revising the method of allocating grants among the States for administration of the unemployment insurance program. Prohibits the Secretary from revising such method until six months after such report is submitted to the Congress.

Exempts the following unemployment compensation programs from any order issued under part C of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) for FY 1992 or any succeeding fiscal year: (1) payments to States under the Federal-State Extended Unemployment Compensation Act of 1970; (2) payments to States under title III (Grants to States for Employment Security Administration); and (3) payments under the Railroad Unemployment Insurance Act.