H.R.3548 Unemployment Compensation Extension Act of 2009

The following information is from the GOP.gov Legislative Digest.

H.R. 3548 is being considered under suspension of the rules, requiring a two-thirds vote for passage. The legislation was introduced by Rep. Jim McDermott (D-WA) on September 10, 2009.

H.R. 3548 would extend unemployment benefits for an additional 13 weeks for individuals living in States with total unemployment rates above 8.5 percent, or States where the insured unemployment rate exceeds 6 percent and has risen by at least 20 percent compared to the two previous calendar years. The bill would also extend an existing 0.2 percent Federal Unemployment Tax Act (FUTA) surtax through 2010, and expand wage reporting requirements on existing databases of new hires, in order to finance the extension.

A formal Congressional Budget Office was not available at press time; however, a preliminary CBO estimate indicated the bill would spend approximately $1.4 billion, paid for by an extension of the FUTA surtax.

Source:
H.R.3548 Unemployment Compensation Extension Act of 2009

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