S. 1871 · 110th Congress
Unemployment Insurance Modernization Act
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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KennedySponsor25 cosponsors · 21 D, 4 R
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Cantwell
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Rockefeller
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Snowe
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Warner
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Levin
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Stabenow
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Smith
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Akaka
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Bingaman
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Boxer
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Brown
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Clinton
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Dodd
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Harkin
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Kerry
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Lautenberg
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Menendez
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Murray
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Obama
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Reed
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Schumer
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Whitehouse
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Webb
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Durbin
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Specter4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in Senate · Jul 25, 2007
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Unemployment Insurance Modernization Act
Latest action (Jul 25, 2007): Read twice and referred to the Committee on Finance.
Policy area: Labor and Employment · Origin: Senate · Introduced: Jul 25, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.