Congress 107 - HR 5418 - Employment Security Reform Act of 2002

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Topics

Administrative procedure Agricultural labor Agriculture and Food Alien labor Aliens Annuities Armed Forces and National Security Business income tax Citizenship Civil Rights and Liberties, Minority Issues Civil Service pensions Commerce Computer matching Computer security measures Department of the Treasury Directories Disabled Dislocated workers Economic forecasting Economics and Public Finance Employee selection Employee training Employment agencies Employment of the disabled Employment tax credits Employment tests Excise tax Federal employees Federal-state relations Fees Finance and Financial Sector Fines (Penalties) Government contractors Government Operations and Politics Government paperwork Government trust funds Hours of labor Immigration Income tax Interest Intergovernmental fiscal relations Job hunting Labor and Employment Labor statistics Land transfers Law Migrant labor Part-time employment Pension funds Postal rates and revenues Postal service Price indexes Public Lands and Natural Resources Recruiting of employees Right of privacy Seasonal labor Social security numbers Social Welfare State laws Tax administration Tax credits Tax rates Taxation Unemployed Unemployment Unemployment insurance Veterans' employment Vocational guidance Wages Welfare-to-work Withholding tax

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Summary

Employment Security Reform Act of 2002 - Amends the Internal Revenue Code (IRC) to revise Federal Unemployment Tax Act (FUTA) employer excise tax rate requirements. Reduces the current FUTA employer tax rate of 6.2 percent of total employee wages before the State credit and 0.8 after the State credit to: (1) 6.0 and 0.6 in 2003 and 2004; (2) 5.8 and 0.4 in 2005 and 2006; and (3) 5.6 and 0.2 in 2007 and each succeeding calendar year.

Amends the Federal-State Extended Unemployment Compensation Act of 1970 to repeal certain State law extended benefit requirements.

Revises requirements relating to funding and administration of unemployment compensation and public employment service systems under the Social Security Act (SSA), the Wagner-Peyser Act, and IRC FUTA.

Amends SSA title IX provisions (also known as the Reed Act) to revise special Reed Act transfers in FY 2004 and 2005. Repeals: (1) special rules for State Reed Act appropriation laws; (2) special conditions on recent Reed Act distributions; and (3) restoration authority.

Provides for transfer of Federal equity in State employment security agency real property to the States.

Provides for: (1) IRC treatment of short-time compensation programs; (2) IRC treatment of pension rollovers for purposes of unemployment compensation determinations; and (2) Federal disclosure, under SSA, of certain information in the National Directory of New Hires to assist in State administration of unemployment compensation programs.

Repeals provisions of Federal civil service law that limit the eligibility of certain Federal employees for unemployment compensation and employment services.

Actions

Nov 25, 2002

Referred to the Subcommittee on 21st Century Competitiveness.
Sep 19, 2002

Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 19, 2002

Introduced in House

Amendments

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