S. 1871 (110th): Unemployment Insurance Modernization Act

Introduced:
Jul 25, 2007 (110th Congress, 2007–2009)
Status:
Died (Referred to Committee) in a previous session of Congress

This bill was introduced on July 25, 2007, in a previous session of Congress, but was not enacted.

Introduced
Jul 25, 2007
 
Sponsor
Edward “Ted” Kennedy
Senator from Massachusetts
Party
Democrat
Text
Read Text »
Last Updated
Jul 25, 2007
Length
14 pages
Related Bills
H.R. 2233 (Related)
Unemployment Insurance Modernization Act

Referred to Committee
Last Action: May 09, 2007

 
Full Title

A bill to provide for special transfers of funds to States to promote certain improvements in State unemployment compensation laws.

Summary

No summaries available.

 
Cosponsors
25 cosponsors (22D, 3R) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


7/25/2007--Introduced.
Unemployment Insurance Modernization Act - Amends the Social Security Act to require the Secretary of Labor to make unemployment compensation modernization incentive payments in FY2008-FY2012 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.
Requires the Secretary of the Treasury to reserve specified funds out of the federal unemployment account for such incentive payments.
Amends the Internal Revenue Code to extend through FY2013 the Federal Unemployment Tax Act (FUTA) excise tax imposed on every employer.

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

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