S.2892 - Economic Security Act of 2002107th Congress (2001-2002)
|Sponsor:||Sen. Kennedy, Edward M. [D-MA] (Introduced 08/01/2002)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 08/01/2002 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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Summary: S.2892 — 107th Congress (2001-2002)All Information (Except Text)
Economic Security Act 2002 - Amends the Temporary Extended Unemployment Compensation Act of 2002 (Public Law 107-147) (TEUCA) to: (1) establish a program of temporary enhanced unemployment compensation benefits; (2) require States to modify their compensation laws to include recently earned wages in base periods, allow compensation for those seeking part-time work, and increase benefits levels by the greater of 15 percent or $25 a week; (3) reimburse States for administrative expenses; (4) extend the TEUCA program; (5) entitle individuals to 26 weeks of TEUCA compensation; (6) apply a revised rate of insured unemployment; (7) set an additional TEUCA benefit period trigger; (8) provide an additional seven weeks of benefits for workers in high unemployment States; (9) repeal a requirement for 20 weeks of work; (10) provide that individual is not ineligible for emergency compensation because of a subsequent entitlement to regular benefits for which the individual does not file; and (11) provide an additional extension of TEUCA assistance.
Introduced in Senate (08/01/2002)
Amends the Internal Revenue Code to provide for no reduction in unemployment compensation as a result of pension rollovers.
Amends the Federal-State Extended Unemployment Compensation Act of 1970 (FSEUCA) to: (1) repeal certain State law extended benefit requirements; (2) revise the definition of rate of insured unemployment; (3) entitle individuals to 13 weeks of unemployment compensation; (4) lower the extended benefit on-indicator; and (5) require a study and report on unemployment insurance benefits provided to individuals who have received assistance under the temporary assistance for needy families program.