S 1641
97th Congress
Senate
Labor and Employment
Intergovernmental fiscal relations
Social Welfare
States
Taxation
Unemployment insurance
A bill to extend the Reed Act and to authorize the designation of funds in State accounts as Reed Act funds in certain circumstances.
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 22, 1981
Committee on Finance requested executive comment from OMB; Treasury Department; Health and Human Services Department.
Sep 18, 1981
Read second time and referred to Senate Committee on Finance.
Sep 18, 1981
Introduced in Senate
Plain-English 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.
What's happening now
Committee on Finance requested executive comment from OMB; Treasury Department; Health and Human Services Department.
Committees of jurisdiction
1