A bill to amend the Federal Unemployment Tax Act to provide that recipients of unemployment compensation must be willing to accept any suitable work, and that such recipients must accept less suitable work after exhausting over 50 percent of such benefits; and to provide that students receiving Federal educational assistance may not receive unemployment compensation.

Amends the Internal Revenue Code to restrict Federal Unemployment Tax benefits to individuals who indicate that they are willing to accept any "suitable work" (meaning work which is in keeping with the individuals background and experience, or, if the individual has exhausted 50 percent of his eligible benefits, any work which he is capable of performing). Provides that full-time students receiving Federal educational assistance may not receive unemployment compensation.