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H.R. 622 (107th): Temporary Extended Unemployment Compensation Act of 2002
- Introduced:
- Feb 14, 2001 (107th Congress, 2001–2002)
- Sponsor:
- Rep. Jim DeMint [R-SC4]
- Status:
- Died (Passed Senate with Changes)
The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.
Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
2/14/2002--House agreed to Senate amendment with amendment. Economic Security and Worker Assistance Act of 2002 -
Title
I
-
Individual Provisions
Amends the Internal Revenue Code (IRC) to provide for a supplemental income tax rebate for individuals who have not received the maximum amount of the tax rebate in 2001.
Section
102
-
Accelerates the reduction of the maximum individual income tax rate to 25 percent by 2002.
Title
II
-
Business Provisions
Amends various IRC provisions specifically applicable to businesses.
Section
201
-
Amends the Internal Revenue Code (IRC) to allow an additional first year 30 percent depreciation allowance for property which has a recovery period of 20 years or less, is water utility property, or computer software and which was acquired after September 10, 2001, and before September 11, 2004, and is placed in service before January 1, 2005.
Section
202
-
Increases, for 2002 and 2003, the dollar amount of certain property (equipment) that can be deducted as an ordinary business expense (expensed) not chargeable to capital account.
Section
203
-
Revises provisions for an alternative minimum tax on corporations to repeal: (1) a specified preference for depreciation; (2) the 90 percent limitation on foreign tax credits; and (3) the 90 percent limitation on the net operating cost deduction.
Section
204
-
Allows, for 2001 and 2002, carryback of certain net operating losses for five years.
Section
205
-
Revises the property recovery period for depreciation to include qualified leasehold improvement property.
Title
III
-
Extensions of Certain Expiring Provisions
Subtitle
A
-
Extensions
Extends various expiring IRC provisions, including: (1) an allowance of nonrefundable personal credits against regular and minimum tax liability; (2) a credit for qualified electric vehicles; (3) a credit for electricity produced from certain renewable resources; (4) a work opportunity credit; (5) a welfare-to-work credit; (6) a deduction for clean-fuel vehicles and certain refueling property; (7) a taxable income limit on percentage depletion for oil and natural gas produced from marginal properties; (8) qualified zone academy bonds; (9) cover over of a tax on distilled spirits; (10) parity in the application of certain limits to mental health benefits; (11) temporary special rules for taxation of life insurance companies; (12) availability of medical savings accounts; (13) incentives for Indian employment and property on Indian reservations; and (14) an exemption for active financing. Repeals a requirement for approved diesel or kerosene terminals.
Subtitle
B
-
Temporary Assistance for Needy Families
Amends the Social Security Act (SSA) to revise provisions for the program of Temporary Assistance for Needy Families (TANF) to extend through FY 2002: (1) the authorization of supplemental grants for population increases; and (2) the contingency fund.
Title
IV
-
Tax Incentives for New York City and Distressed Areas
Amends IRC to provide tax benefits for the area of New York City damaged in terrorist attacks on September 11, 2001.
Title
V
-
Miscellaneous and Technical Provisions
Subtitle
A
-
General Miscellaneous Provisions
Amends IRC to allow electronic 1099 forms.
Section
502
-
Provides that income from the discharge of indebtedness of an S corporation that is excluded from the S corporation's income is not taken into account as an item of income by any shareholder and therefore does not increase the basis of any shareholder's stock in the corporation.
Section
503
-
Revises provisions concerning the nonaccrual experience method of accounting to make it available only for amounts to be received for the performance of qualified services (health, law, engineering, architecture, accounting, actuarial science, performing arts or consulting) and for services provided by certain small businesses.
Section
504
-
Allows the exclusion for foster care payments to apply to such payments made by qualified placement agencies (as well as by States and local governments).
Section
505
-
Amends IRC and the Employee Retirement Income Security Act of 1974 (ERISA) to set forth special rules for determining certain additional premium rates to be paid to the Pension Benefit Guaranty Corporation by defined benefit plans for specified plan years.
Section
506
-
Allows certain expenses of elementary and secondary school teachers to be taken into account in determining their adjusted gross income.
Subtitle
B
-
Technical Corrections
Makes technical corrections to various Acts, including the Economic Growth and Tax Relief Reconciliation Act of 2001, the Community Renewal Tax Relief Act of 2000, the Tax Relief Extension Act of 1999, the Taxpayer Relief Act of 1997, and the Balanced Budget Act of 1997.
Section
518
-
Amends the Economic Growth and Tax Relief Reconciliation Act of 2001 (Public Law 107-16) to revise provisions relating to increases in: (1) the adoption tax credit and exclusion for employer-provided adoption assistance; and (2) the dependent care tax credit.
Title
VI
-
Unemployment Assistance
Temporary Extended Unemployment Compensation Act of 2002 - Allows States to opt to enter into agreements for a program of temporary extended unemployment compensation (TEUC), which extends UC for up to an additional 13 weeks for individuals who have exhausted their 26 weeks of regular UC coverage.
Sets forth TEUC program requirements for Federal-State agreements, coordination with other UC benefits, formulae for determining amounts in individual TEUC accounts and weekly benefits, payments to States, and financing.
Requires the State agencies that opt to make TEUC agreements to make TEUC payments to individuals who: (1) either first exhausted all rights to regular compensation under the State law on or after the first day of the week that includes September 11, 2001, or have their 26th week of regular compensation under the State law end on or after the first day of such week; and (2) do not have any rights to regular compensation under the State law of any other State, and are not receiving compensation under the unemployment compensation law of any other country.
Applies TEUC agreements with States to weeks of unemployment: (1) beginning on or after the first day of the first week after the date on which such agreement is entered into; and (2) ending before January 6, 2003.
Section
609
-
Amends SSA provisions relating to transfers of funds from the Federal unemployment account to State accounts in the Unemployment Trust Fund to: (1) repeal certain provisions added by the Balanced Budget Act of 1997; and (2) provide for special transfers in FY 2002.
Title
VII
-
Displaced Worker Health Insurance Credit
Amends the IRC to establish a displaced worker health insurance credit.
Section
701
-
Requires, in the application of specified provisions and alternative State mechanisms under the Public Health Service Act (PHSA), increased access to health insurance for individuals eligible for the displaced worker health insurance credit, through the use of guaranteed issue, qualified high risk pools, and other appropriate State mechanisms. Amends PHSA to direct the Secretary of Health and Human Services to make: (1) a grant to each State that has not created a qualified high risk pool, for the State's costs of creation and initial operation of such a pool; and (2) a matching grant to cover 50 percent of the losses incurred by a State in operating such a pool it has established that restricts the premiums charged to no more than 150 percent of the premium for applicable standard risk rates and that offers a choice of two or more coverage options.
Section
702
-
Amends the IRC to direct the Secretary of the Treasury to establish a program to make advance payments to providers of health insurance on behalf of individuals eligible for the displaced worker health insurance credit.
Title
VIII
-
Employment and Training Assistance and Temporary Health Care Coverage Assistance
Amends the Workforce Investment Act of 1998 to authorize the Secretary of Labor to award national emergency grants to applicant Governors of States or outlying areas to provide employment and training assistance and temporary health care coverage assistance to workers affected by major economic dislocations, including those caused by the terrorist attacks of September 11, 2001.
Title
IX
-
Temporary State Health Care Assistance
Amends title XXI (State Children's Health Insurance) (SCHIP) of SSA to make appropriations for temporary State health care assistance. Requires such funds to be allotted in specified amounts to States and available for expenditure through the end of 2002. Directs States to use such funds only to provide health care items and services, other than those for which Federal assistance is prohibited under SCHIP or Medicaid.
Title
X
-
Social Security Held Harmless; Budgetary Treatment of Act
Provides that this Act shall have no impact on the Social Security trust funds.
Section
1002
-
Designates certain amounts under this Act as emergency requirements under the Balanced Budget and Emergency Deficit Control Act of 1985.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
The House Democratic Caucus does not provide summaries of bills.
So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.
We’ll be looking for a source of summaries from the other side in the meanwhile.
The bill contains the following citations to other parts of U.S. law:
Slip Laws
Slip laws refer to enacted bills and joint resolutions in their original form as enacted by Congress, that is, before other laws amend them. Slip laws are cited as “Public Law XXX-YYY”, where XXX is the number of the Congress in which the bill or resolution was introduced.
- Public Law 105-33:
H.R. 2015 (105th): Balanced Budget Act of 1997 - Public Law 105-34:
H.R. 2014 (105th): Taxpayer Relief Act of 1997 - Public Law 106-170:
H.R. 1180 (106th): Ticket to Work and Work Incentives Improvement Act of 1999 - Public Law 107-16
- Public Law 107-17:
H.R. 1914 (107th): Farmer Bankruptcy bill
United States Code
The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)
- Title 18: CRIMES AND CRIMINAL PROCEDURE
- Part I: CRIMES
- Chapter 47: FRAUD AND FALSE STATEMENTS
- Section 1001: Statements or entries generally
- Title 26: INTERNAL REVENUE CODE
- Subtitle C: Employment Taxes
- Chapter 23: FEDERAL UNEMPLOYMENT TAX ACT
- Section 3304: Approval of State laws
- Title 29: LABOR
- Chapter 18: EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM
- Subchapter I: PROTECTION OF EMPLOYEE BENEFIT RIGHTS
- Subtitle B: Regulatory Provisions
- Part 3: funding
- Section 1082: Minimum funding standards
- Subchapter III: PLAN TERMINATION INSURANCE
- Subtitle A: Pension Benefit Guaranty Corporation
- Section 1306: Premium rates
- Chapter 30: WORKFORCE INVESTMENT SYSTEMS
- Subchapter IV: NATIONAL PROGRAMS
- Section 2918: National emergency grants
- Title 31: MONEY AND FINANCE
- Subtitle II: THE BUDGET PROCESS
- Chapter 13: APPROPRIATIONS
- Subchapter II: TRUST FUNDS AND REFUNDS
- Section 1324: Refund of internal revenue collections
- Title 42: THE PUBLIC HEALTH AND WELFARE
- Chapter 6A: PUBLIC HEALTH SERVICE
- Subchapter XXV: REQUIREMENTS RELATING TO HEALTH INSURANCE COVERAGE
- Part B: Individual Market Rules
- Subpart 1: portability, access, and renewability requirements
- Section 300gg-41: Guaranteed availability of individual health insurance coverage to certain individuals with prior group coverage
- Section 300gg-44: State flexibility in individual market reforms
- Chapter 7: SOCIAL SECURITY
- Subchapter II: FEDERAL OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE BENEFITS
- Section 401: Trust Funds
- Subchapter III: GRANTS TO STATES FOR UNEMPLOYMENT COMPENSATION ADMINISTRATION
- Section 501: Use of available funds
- Subchapter IV: GRANTS TO STATES FOR AID AND SERVICES TO NEEDY FAMILIES WITH CHILDREN AND FOR CHILD-WELFARE SERVICES
- Part A: Block Grants to States for Temporary Assistance for Needy Families
- Section 603: Grants to States
- Subchapter IX: EMPLOYMENT SECURITY ADMINISTRATIVE FINANCING
- Section 1101: Employment security administration account
- Section 1103: Amounts transferred to State accounts
- Section 1104: Unemployment Trust Fund
- Section 1105: Extended unemployment compensation account
Statutes at Large
The United States Statutes at Large is the compilation of all laws enacted by Congress.
- 111 Stat. 836
- 113 Stat. 1928
- 113 Stat. 1930
- 114 Stat. 2763A-645
- 115 Stat. 108
Other Citations
- 5 U.S.C. Chapter 85
- 5 U.S.C. Chapter 89
- 10 U.S.C. Chapter 55
- 38 U.S.C. Chapter 17