S. 2312: Unemployment Insurance Modernization and Recession Readiness Act

The "Unemployment Insurance Modernization and Recession Readiness Act" proposes several updates to the unemployment compensation system with the intention of providing better support to individuals during times of high unemployment and improving the calculation of benefits. This includes extending benefits and modernizing the formats of regular unemployment payments.

Voluntary Separation from Employment

Under the bill, individuals who leave their jobs voluntarily due to qualifying acts of violence or harassment will not be denied unemployment compensation. States are required to acknowledge such job separations if there is sufficient evidence provided, such as police reports or statements from qualified professionals, to support the claim for benefits.

Jobseeker Allowances

The bill defines specific eligibility criteria and conditions for jobseeker allowances. It emphasizes the need for self-employed individuals to actively seek work to qualify for these allowances. Additionally, it clarifies that certain exceptions may apply for those who do not seek work, and outlines penalties for individuals who refuse job offers deemed suitable. The bill establishes parameters for allowance amounts, adjustments, and mechanisms to address fraud or overpayments, while ensuring that states will receive full reimbursement (100%) for the costs associated with these allowances.

Overall Impact

The proposed act aims to create a more flexible and supportive unemployment insurance framework, particularly for those affected by violence in the workplace and for self-employed individuals. By modernizing the system, the legislation seeks to enhance the safety nets available during economic downturns.

Relevant Companies

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