Emergency Unemployment Compensation Act - Provides that, for the purposes of the Federal-State Extended Unemployment Compensation Act of 1970, there is a State "emergency on" indicator for a week if there is a State or National "emergency on" indicator for such a week.
Provides, for the same purposes, that there is a State "emergency off" indicator for a week if there is both a State and National "emergency off" indicator for such week.
States that, with respect to the period which begins January 1, 1975, no emergency compensation shall be payable after a specified time pursuant to the provisions of the Federal-State Extended Unemployment Compensation Act of 1970 relating to the payment of extended compensation.
Changes the rate of insured unemployment definitive of a national "on" indicator from 4.5 to 4 percent for all States.
Provides that there shall be paid to the States 100 percent of the sharable extended compensation and sharable regular compensation paid to individuals under State law.
Introduced in Senate
Referred to Senate Committee on Finance.
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