A bill to amend the Railroad Unemployment Insurance Act to assure sufficient resources to pay benefits under that Act, to increase the maximum daily benefit provided under that Act, to restore extended unemployment benefits for certain individuals, and for other purposes.

Amends the Railroad Unemployment Insurance Act to increase the maximum daily benefit for unemployment and sickness for registration periods after June 30, 1983. Increases the monthly amount to be taken into account as employee remuneration in determining the number of benefit days for which an employee is entitled.

Redefines periods of high unemployment as three consecutive months of railroad unemployment at five percent or more.

Increases employer and employee representative contributions to the railroad unemployment insurance account after March 31, 1983. Decreases from .5 percent to .25 percent the amount of unemployment contributions which shall be deposited in the railroad unemployment insurance administration fund.

Repeals the Railroad Retirement Board's authority to transfer funds from the Railroad Retirement Account to the Railroad Unemployment Insurance Account.