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HR 290 111th Congress House Labor and Employment Employment taxes Government trust funds Intergovernmental relations State and local government operations Unemployment

Unemployment Insurance Modernization Act

Introduced: January 8, 2009 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 8, 2009
Referred to the House Committee on Ways and Means.
Jan 8, 2009
Introduced in House
 Plain-English summary Congressional Research Service

Unemployment Insurance Modernization Act - Amends the Social Security Act to require the Secretary of Labor to make unemployment compensation modernization incentive payments in FY2008-FY2011 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 (including for dependents' allowances and for unemployment compensation, exclusive of administrative expenses).

Requires the Secretary of the Treasury to reserve specified funds out of the federal unemployment account for such incentive payments.

What's happening now January 8, 2009

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1