S.4207 - Emergency Unemployment Compensation Act93rd Congress (1973-1974)
|Sponsor:||Sen. Ribicoff, Abraham A. [D-CT] (Introduced 12/04/1974)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 12/04/1974 Referred to Senate Committee on Finance. (All Actions)|
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Summary: S.4207 — 93rd Congress (1973-1974)All Information (Except Text)
Introduced in Senate (12/04/1974)
Emergency Unemployment Compensation Act - Provides that, for the purposes of the Federal-State Extended Unemployment Compensation Act of 1970, there is a State "emergency on" indicator for a week if there is a State or National "emergency on" indicator for such a week.
Provides, for the same purposes, that there is a State "emergency off" indicator for a week if there is both a State and National "emergency off" indicator for such week.
States that, with respect to the period which begins January 1, 1975, no emergency compensation shall be payable after a specified time pursuant to the provisions of the Federal-State Extended Unemployment Compensation Act of 1970 relating to the payment of extended compensation.
Changes the rate of insured unemployment definitive of a national "on" indicator from 4.5 to 4 percent for all States.
Provides that there shall be paid to the States 100 percent of the sharable extended compensation and sharable regular compensation paid to individuals under State law.