3.0.0 270 2023-01-15T21:34:07Z 2023-01-15T21:34:07Z Senate S S 2003-01-30 108 ssfi00 Finance Committee Senate Standing Referred to 2003-01-30T23:42:39Z 2003-01-30 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2003-01-30 Sponsor introductory remarks on measure. (CR S1834) IntroReferral B00100 9 Library of Congress 2003-01-30 Introduced in Senate IntroReferral 10000 9 Library of Congress K000105 Sen. Kennedy, Edward M. [D-MA] EDWARD KENNEDY D MA MOORE N S001142 Sen. Smith, Gordon H. [R-OR] GORDON SMITH R OR H. 2003-01-30 True D000064 Sen. Daschle, Thomas A. [D-SD] THOMAS DASCHLE D SD ANDREW 2003-01-30 True R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2003-01-30 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2003-01-30 True S000064 Sen. Sarbanes, Paul S. [D-MD] PAUL SARBANES D MD SPYROS 2003-01-30 True C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R 2003-01-30 True C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2003-01-30 True R000361 Sen. Rockefeller, John D., IV [D-WV] JAY ROCKEFELLER D WV 2003-01-30 True B000468 Sen. Bingaman, Jeff [D-NM] JESSE BINGAMAN D NM FRANCIS 2003-03-07 False Labor and Employment Annuities Economics and Public Finance Emergency Management Federal-state relations Government Operations and Politics Government trust funds Retirement income State finance State laws Taxation Unemployment insurance Labor and Employment 00 2003-01-30 Introduced in Senate 2006-11-28T17:35:40Z Provides for a transition period of continuing payments to individuals with amounts remaining in their TEUC account, for weeks beginning before December 31, 2003.

Directs the Secretary of Labor to deem second tier benefit amounts deposited in an individual's account (TEUC-X amounts, which currently provide an extra 13 weeks of benefits in high-unemployment States) as deposited in such account, by reason of the amendments made by this Act, as single tier benefit amounts (TEUC amounts, the basic benefits in all States).

Sets forth requirements relating to applicability of this Act to those who have exhausted their benefits under TEUCA, as well as to current beneficiaries.

Provides for a program of temporary enhanced regular unemployment compensation (TERUC) which may add the greater of 15 percent or $25 to the amount of weekly regular compensation (including dependents' allowances) under State law for which an individual is eligible (as defined under the Federal-State Extended Unemployment Compensation Act of 1970). Modifies eligibility requirements for regular compensation, where applicable for purposes of benefits under this Act, to: (1) set an alternative base period ending at the close of the most recently completed calendar quarter; and (2) allow individuals to seek less than full-time work or not accept full-time work.

Sets forth program requirements for Federal-State agreements, formulas for determining weekly benefits, nonreduction and coordination rules, payments to States, and financing.

Applies program agreements to weeks of unemployment: (1) beginning after the date on which such an agreement is entered into; and (2) ending before July 1, 2004. Makes a modification relating to alternative base periods applicable only to initial claims filed after September 11, 2001. Makes a modification relating to part-time employment and increased benefits applicable to weeks of unemployment in such agreement period, regardless of the date on which an individual's claim for benefits is filed.

Revises TEUCA to provide for coordination with TERUC .

Amends the Internal Revenue Code to provide for no reduction in unemployment compensation as a result of pension rollovers.]]>

Economic Security Act of 2003 Display Title Economic Security Act of 2003 Official Title as Introduced A bill to provide for additional weeks of temporary extended unemployment compensation, to provide for a program of temporary enhanced unemployment benefits, and for other purposes. Introduced in Senate IS Short Titles as Introduced Economic Security Act of 2003 Introduced in Senate 2003-01-30T05:00:00Z 2003-01-30 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.