Railroad Unemployment Insurance Solvency Act of 1985 - Amends the Railroad Unemployment Insurance Act to increase the maximum daily unemployment (or sickness) benefit rate from $25 to $35 (for registration periods beginning after September 30, 1985).
Increases from $600 to $1,300 the maximum employee monthly compensation upon which an employer's contribution to an employee's unemployment insurance benefits is calculated.
Amends the Internal Revenue Code, with respect to the railroad unemployment repayment tax, to redefine the wage base for rail wages for certain taxable periods.
Introduced in House
Introduced in House
Referred to House Committee on Energy and Commerce.
Referred to House Committee on Ways and Means.
Referred to Subcommittee on Public Assistance and Unemployment Compensation.
Referred to Subcommittee on Commerce, Transportation and Tourism.
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