Energy Crisis Unemployed Compensation Act

Energy Crisis Unemployed Compensation Act - Title I: Findings and Declarations - Expresses the findings of Congress and the purposes of this Act, including to provide substantial assistance whereby: (1) additional unemployment compensation benefits will be available to the unemployed for whom existing provisions are inadequate; and (2) such benefits will be logically related to, and administered through, the existing structure of State agencies.

Title II: Federal - State Agreements - Provides that any State, the State unemployment compensation law of which is approved by the Secretary of Labor under the Internal Revenue Code which desired to do so, may enter into an agreement for the payment of Energy Crisis Unemployment Compensation. Sets forth the requirements of any such agreement, including that it shall provide that the unemployment compensation agency of the State will make payments of Energy Crisis Unemployment Compensation to specified individuals.

States that for purposes of this Act, the "Energy Crisis benefit period" shall begin on February 1, 1974, and end on June 30, 1976. Defines additional terms used in this Act.

Provides that for purposes of any agreement under this title, the amount of the Energy Crisis unemployment compensation which shall be payable to any individual for any week of total or partial unemployment shall be computed under the same provisions applicable to regular unemployment compensation under the State law.

Requires that any agreement under this title shall provide that the State will establish, for each individual who files an application, a separate compensation account.

Title III: Payments to States Having Agreements for the Payment of Energy Crisis Unemployment Compensation - Directs that there shall be paid to each State which has entered into an agreement under this title an amount equal to 100 percent of the Energy Crisis unemployment compensation paid to individuals by the State pursuant to such agreement. Provides for payments of additional sums to States under specified circumstances.

Title IV: Financing Provisions - States that for the purpose of carrying out this Act, there are authorized to be appropriated such amounts as may be necessary for fiscal year 1974, and for each year thereafter. Directs the Secretary to certify to the Secretary of the Treasury for payment to each State the sums payable to each State under this title.

Title V: Definitions - Defines the terms used in this Act, including the formula for computing the excess cost factor.

Title VI: Report by Secretary of Labor - Requires the Secretary of Labor to conduct a comprehensive study and review of the program established by this Act, to be conducted with particular regard to (1) the benefit payable made; (2) projections of benefit payments which will be payable after the period covered by the report; (3) the desirability of continuing such program; and (4) the funding of the benefits payable. Directs the submission of such report to the Congress by November 1, 1974.