A bill to amend the Railroad Unemployment Insurance Act to increase unemployment and sickness benefits, to raise the contribution base.

Provides, under the Railroad Unemployment Insurance Act, for the restoration of unemployment benefits to unemployed railroad workers to 55 percent of the average daily railroad wage.

Extends eligibility for railroad unemployment sickness benefits to additional persons. Reduces the waiting period for eligibility for such benefits.

Revises the formula for determining employer contribution to the unemployment account. Increases the maximum period for which benefits can be paid from 26 weeks to 39 weeks.