A bill to amend the Railroad Unemployment Insurance Act.

Increases, for purposes of computing unemployment compensation under the Railroad Unemployment Insurance Act, the maximum recognizable amount of wages per month from $300 to one-twelfth of the current maximum annual taxable wages as defined by the Internal Revenue Code of 1954.

Increases the daily benefit rate under the Railroad Unemployment Insurance Act.

Increases the contribution base according to which employers are required to make proportional contributions to the Railroad Unemployment Insurance Administration Fund.