A bill to temporarily waive the 120-percent factor used in determining whether extended unemployment benefits are payable in a State.

Provides that, for any week beginning after enactment of this Act and before January 1, 1983, the Federal-State Extended Unemployment Compensation Act shall be applied as if the State trigger were based solely on a State insured unemployment rate of five percent for that week and the immediately preceding 12 weeks (waiving the 120 percent factor).

Waives the required 13-week period between extended benefit periods if the prior extended benefit period closed before the date of enactment of this Act.