H.R.3295 - Neighbors in Need Act108th Congress (2003-2004)
|Sponsor:||Rep. English, Phil [R-PA-3] (Introduced 10/15/2003)|
|Committees:||House - Ways and Means|
|Latest Action:||10/20/2003 Referred to the Subcommittee on Human Resources.|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Subject — Policy Area:
- Labor and Employment
- View subjects
Summary: H.R.3295 — 108th Congress (2003-2004)All Bill Information (Except Text)
Introduced in House (10/15/2003)
Neighbors in Need Act - Amends the Temporary Extended Unemployment Compensation Act of 2002 (TEUCA) to: (1) extend the TEUCA program in States with high unemployment (States that already qualify for the TEUC-X program (under which second tier benefit amounts are deposited in an individual's account) or would if the trigger for such program were changed) through March 31, 2004, with a phase-out period through June 30, 2004; and (2) provide eight additional weeks of TEUC benefits to those who have exhausted theirs before enactment of this Act.
Amends the Social Security Act to require: (1) increases and decreases in the earnings allocated to State accounts when States meet or fail to meet funding goals; and (2) interest-free advances to State accounts in the Unemployment Trust Fund to be restricted to States which meet funding goals.
Amends the Internal Revenue Code to: (1) suspend the tax on individual unemployment compensation for 2004 and 2005; (2) allow certified States to elect to collect Federal unemployment taxes, under the Federal Unemployment Tax Act (FUTA); and (3) require States to distribute to unemployed individuals State-specific information packets explaining unemployment insurance eligibility conditions.