Economic Security Act of 2003
Latest action · Jan 30, 2003 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 30, 2003
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Provides for a transition period of continuing payments to individuals with amounts remaining in their TEUC account, for weeks beginning before December 31, 2003.
Directs the Secretary of Labor to deem second tier benefit amounts deposited in an individual's account (TEUC-X amounts, which currently provide an extra 13 weeks of benefits in high-unemployment States) as deposited in such account, by reason of the amendments made by this Act, as single tier benefit amounts (TEUC amounts, the basic benefits in all States).
Sets forth requirements relating to applicability of this Act to those who have exhausted their benefits under TEUCA, as well as to current beneficiaries.
Provides for a program of temporary enhanced regular unemployment compensation (TERUC) which may add the greater of 15 percent or $25 to the amount of weekly regular compensation (including dependents' allowances) under State law for which an individual is eligible (as defined under the Federal-State Extended Unemployment Compensation Act of 1970). Modifies eligibility requirements for regular compensation, where applicable for purposes of benefits under this Act, to: (1) set an alternative base period ending at the close of the most recently completed calendar quarter; and (2) allow individuals to seek less than full-time work or not accept full-time work.
Sets forth program requirements for Federal-State agreements, formulas for determining weekly benefits, nonreduction and coordination rules, payments to States, and financing.
Applies program agreements to weeks of unemployment: (1) beginning after the date on which such an agreement is entered into; and (2) ending before July 1, 2004. Makes a modification relating to alternative base periods applicable only to initial claims filed after September 11, 2001. Makes a modification relating to part-time employment and increased benefits applicable to weeks of unemployment in such agreement period, regardless of the date on which an individual's claim for benefits is filed.
Revises TEUCA to provide for coordination with TERUC .
Amends the Internal Revenue Code to provide for no reduction in unemployment compensation as a result of pension rollovers.
Cosponsors 9
Members who signed on, in the order they did. Signatures ran from Jan 30, 2003 to Mar 7, 2003; 8 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OR | Gordon H. Smith | Original | Jan 30, 2003 |
| D-NY | Hillary Rodham Clinton | Original | Jan 30, 2003 |
| D-RI | Jack Reed | Original | Jan 30, 2003 |
| D-WV | John D. Rockefeller IV | Original | Jan 30, 2003 |
| D-WA | Maria Cantwell | Original | Jan 30, 2003 |
| D-MD | Paul S. Sarbanes | Original | Jan 30, 2003 |
| D-IL | Richard J. Durbin | Original | Jan 30, 2003 |
| D-SD | Thomas A. Daschle | Original | Jan 30, 2003 |
| D-NM | Jeff Bingaman | Mar 7, 2003 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Jan 30, 2003 |
Actions 3
Everything that happened, newest first.
- Jan 30, 2003Introduced in Senate
- Jan 30, 2003Sponsor introductory remarks on measure. (CR S1834)
- Jan 30, 2003Read twice and referred to the Committee on Finance.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S1834 | Edward M. Kennedy D-MA | Jan 30, 2003 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to provide for additional weeks of temporary extended unemployment compensation, to provide for a program of temporary enhanced unemployment benefits, and for other purposes.
- Short Titles as Introduced
- Economic Security Act of 2003
Subjects
Assigned by the Library of Congress. Policy area: Labor and Employment.
Text 1
Each version as it was printed, newest first.
- Jan 30, 2003Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.