Unemployment Compensation Extension Act of 2008
Latest Action
Became Public Law No: 110-449.
Official Summary
(This measure has not been amended since it was passed by the House on October 3, 2008. The summary of that version is repeated here.) Unemployment Compensation Extension Act of 2008 - Amends the Supplemental Appropriations Act, 2008 to revise the formula for Tier-1 amounts a state credits to an applicant's emergency unemployment compensation account (EUCA) for a benefit year. Increases the figures in the formula (the lesser of which shall be the amount credited): (1) from 50% to 80% of the total amount of regular compensation (including dependents' allowances) payable to the individual during the benefit year; and (2) from 13 to 20 times the individual's average weekly benefit amount for the benefit year. Provides an additional Tier-2 period for deposits to an individual's EUCA, using the current formula, if, at the time that the amount established under this Act is exhausted, or at any time thereafter, the individual's state is in an extended benefit period. Prescribes a formula for determining if a state is in an extended benefit period. Allows the Tier-2 period augmentation to be applied to the individual's EUCA only once. Prohibits a Tier-2 augmentation to an individual's EUCA under this Act after March 31, 2009, if the EUCA is exhausted after such date. Extends the period of emergency unemployment compensation through August 27, 2009. Exempts weeks of unemployment between enactment of this Act and December 8, 2009, from the prohibition in the Federal-State Extended Unemployment Compensation Act of 1970 against federal matching payments to a state for the first week in an individual's eligibility period for which extended compensation or sharable regular compensation is paid if the state law of such state provides for payment (at any time or under any circumstances) of regular compensation to an individual for his first week of otherwise compensable unemployment. (Thus allows temporary federal matching for the first week of extended benefits for states with no waiting period.)
GovScope Watchdog™
AI Government Intelligence™The Unemployment Compensation Extension Act of 2008 modifies existing emergency unemployment compensation provisions by increasing the amount of benefits credited to individuals and extending the duration of these benefits. It revises formulas for calculating benefit amounts, provides additional benefit periods under certain conditions, and extends the overall emergency unemployment compensation program through August 27, 2009. The Act also allows temporary federal matching payments for states that pay benefits without a waiting period.
This bill extends and enhances emergency unemployment compensation benefits to provide greater financial support to eligible unemployed individuals during a specified period.
- Increases the percentage and multiplier used to calculate Tier-1 emergency unemployment compensation credits to individuals.
- Provides an additional Tier-2 benefit period if a state is in an extended benefit period when Tier-1 funds are exhausted.
- Extends the emergency unemployment compensation program through August 27, 2009, and allows temporary federal matching payments for certain states.
Unemployed individuals eligible for emergency unemployment compensation benefits may receive increased and extended financial support. States administering these benefits may also benefit from temporary federal matching payments under specific conditions.
The bill extends benefit periods and increases payments, which may have budgetary implications for federal and state governments. The temporary nature of some provisions and the sunset dates may require future legislative action. The full bill text is not available, limiting detailed analysis of implementation mechanisms.
This bill, originating in the House during the 110th Congress and signed into law, falls under the Labor and Employment policy area. Its enactment reflects legislative action to address unemployment compensation during the 2008 economic conditions.
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Extending and increasing unemployment benefits may affect state and federal budget allocations and could influence labor market dynamics by providing additional financial support to unemployed individuals during the covered period.
The full bill text is not available, limiting detailed review of implementation specifics. Citizens may want to monitor how states apply the revised formulas and manage extended benefit periods, as well as the fiscal impact on federal and state budgets. The temporary nature of some provisions suggests the need for future legislative updates.
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