A bill to provide that certain unemployment compensation funds may be used for repayable loans to the Virgin Islands.

(Measure passed Senate, amended)

=Title I:= - States that appropriations provided for advances to the unemployment trust fund and other funds in the Second Supplemental Appropriations Act, 1975, shall also be available for repayable loans to the Virgin Islands, as authorized by title III of the Emergency Compensation and Special Unemployment Assistance Extension Act of 1975.

=Title II: Amendments to the Railroad Retirement Tax Act, As Amended= - Provides, under the Railroad Retirement Tax Act, that the rates of retirement tax paid by employees, employee representatives, and employers shall be a percentage of the monthly employee compensation (formerly, of the aggregate compensation).

Provides that employees shall be deemed to be paid compensation in the period during which such compensation is earned only upon a written request by such employee, made within six months following the payment, and a showing that such compensation was earned during a period other than the period in which it was paid.