A bill to amend the Federal-State Extended Unemployment Compensation Act of 1970 with respect to an individual's eligibility period for benefits under such Act.

(Measure passed Senate, amended)

Amends the Federal-State Extended Unemployment Compensation Act of 1970 to allow a State to limit the time within which special unemployment benefits under such Act must be collected by an individual to a three year period. Requires such a restriction after January 1, 1981.

Amends Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act to exclude from the gross income of any individual, for the purpose of determining such individual's net earnings from self-employment, amounts which are received: (1) by any self-employed farmer in a year in which such farmer does not engage in substantial farm activitiy and which are derived from the sale of farm commodities produced in a prior year; and (2) by any individual after age 65 as a renewal commission from a life insurance policy which was sold through such individual's personal efforts in a prior year.

Provides that service performed by a citizen of the United States as an employee of the Roosevelt Campobello International Park Commission shall be considered as 'employment' under the Federal Unemployment Tax Act.