A bill to provide for a temporary program of special unemployment compensation in areas of high unemployment and to amend the Federal-State Unemployment Compensation Act of 1970.

Title I: Special Unemployment Compensation Program - Special Unemployment Compensation Act - Provides that each State which enters into an agreement with the Secretary of Labor, pursuant to which it makes payments of special unemployment compensation in accordance with the provisions of this title and the rules and regulations prescribed by the Secretary of Labor under this title, shall be paid by the United States from time to time such amounts as are deemed necessary by the Secretary of Labor to carry out the provisions of this title in the State. Provides that special unemployment compensation may be paid to individuals only pursuant to such an agreement.

States that an individual shall be eligible to receive a payment of special unemployment compensation with respect to a week of unemployment occurring during and after a special unemployment compensation period in accordance with the provisions of this title if the individual: (1) has exhausted all rights to regular, additional, and extended compensation laws and as otherwise required under this title; (2) has no further rights, with respect to such week of unemployment, to regular, additional, or extended compensation under any State or Federal unemployment compensation law; (3) is not receiving compensation with respect to such week of unemployment; (4) becomes totally or partially unemployed on or after October 1, 1973; (5) has met any waiting period requirement of the applicable State unemployment compensation law; and (6) has met the qualifying employment and wage requirements of the applicable State unemployment compensation law in a base year which, notwithstanding such State law, shall be the 52-week period immediately preceding the first week in which the individual files a claim under this title.

Extends eligibility to payment to individuals: (1) totally or partially unemployed, and able to work, and available for work, within the meaning of the applicable State unemployment compensation law, and is not subject to disqualification under that law; (2) who have filed a claim for compensation or waiting period credit under this title; (3) who were last employed for at least one week before filing an initial claim under this title for compensation or waiting period credit, a special unemployment compensation period is in effect with respect to such week of unemployment; and (4) who were last employed for at least a week before filing an initial claim under this title for compensation or waiting period credit and have an agreement with the Secretary of Labor which is in effect with respect to such week of unemployment.

Provides for the periods of time to be covered by special unemployment compensation under this title. Provides that a special unemployment compensation period shall commence in an area designated by the Secretary with the third week after the first week for which there is an "on" indicator for such area, and shall terminate with the third week after the first week for which there is an "off" indicator for such area. Provides that no special unemployment compensation period shall have a duration of less than 13 weeks.

Authorizes the Secretary of Labor to designate eligible areas for the special unemployment compensation program.

Defines the term "rate of insured unemployment".

Provides a formulary of the amounts of special unemployment compensation to which individuals covered by this title shall be entitled. Sets maximum benefit amounts payable under this Act.

Provides for a termination date for benefits under this title. States that no payment of such benefits shall be made to any individual with respect to any week of unemployment beginning after December 31, 1975.

Defines the terms used in this Act.

Authorizes the appropriation of such sums as may be necessary to carry out the provisions of this title.

Title II: Federal-State Extended Unemployment Compensation Program - Federal-State Extended Unemployment Compensation Amendments - Extends the authorization under the Federal-State Extended Unemployment Compensation Act of 1970 for Federal payments to the States.

Revises the formula under such Act for the determination of a State "on" indicator for the purposes of such Act.

Title III: Transitional Federal-State Extended Unemployment Compensation Program Amendments - Provides, under the Federal-State Extended Unemployment Compensation Act of 1970, that effective with respect to compensation for weeks of unemployment beginning after April 1, 1974, and before January 1, 1976, a State may by law provide that the determination of whether there has been a State "on" or "off" indicator beginning or ending any extended benefit period shall be made in conformance with this title.