The Congressional Budget Office has completed an estimate of the budgetary effects of H.R. 3546, the Emergency Unemployment Compensation Extension Act of 2013, which would extend the emergency unemployment compensation (EUC) program for one year.
H.R. 3546, as introduced on November 20, 2013, would extend provisions of law relating to the EUC program that are currently scheduled to expire at the end of December. Most significantly, those provisions allow states to provide additional weeks of federally funded unemployment benefits to individuals who have exhausted their regular state benefits.
CBO estimates that enacting H.R. 3546 would increase direct spending by $25.7 billion over the 2014-2015 period. Enacting the legislation also would increase revenues modestly, by $0.5 billion over the 2014-2023 period. Pay-as-you-go procedures apply because enacting the legislation would affect direct spending and revenues. Implementing the bill would not have a significant impact on spending subject to appropriation.
Chosen excerpts by Job Market Monitor. Read the whole story at
via CBO | H.R. 3546, Emergency Unemployment Compensation Extension Act of 2013.
Related Posts
US / Unemployment Extension News
House and Senate Democrats introduced legislation to renew the federal Emergency Unemployment Compensation (EUC) program for 2014. Here’s information on the legislation which would extended unemployment benefits for 2014, and more information on the proposed unemployment extension for 2014. Chosen excerpts by Job Market Monitor. Read the whole story at via Unemployment Extension News.
Tell Congress on Extensions : American Federation of State, County and Municipal Employees, AFL–CIO campaings
The American Federation of State, County and Municipal Employees, AFL–CIO campaings for the re-authorization of federal Unemployment Benefits. Here is the link to the petition: via Tell Congress: Re-authorize Federal Unemployment Benefits.
UI Extension in the US / 1.3 million people to lose access to an emergency program
Unless Congress acts, during the last week of December an estimated 1.3 million people will lose access to an emergency program providing them with additional weeks of jobless benefits. A further 850,000 will be denied benefits in the first quarter of 2014 Continue reading »
Unemployment Insurance Extensions in US / 310,000 Jobs lost in 2014 if they expire finds the Economic Policy Institute
Federally funded extended unemployment insurance (UI) benefits are set to expire at the end of this year. These benefits serve two very useful public purposes. Most obviously, they provide a lifeline to the long-term unemployed and their families during the deepest and longest economic downturn since the 1930s.1 Less understood but equally crucial, the UI … Continue reading »
US / List of Unemployment Extension Programs for Each State
This article provides a list of state unemployment extension program information. Please keep in mind that benefits vary from state to state Continue reading »
Job Market Monitor 
Discussion
Trackbacks/Pingbacks
Pingback: UI benefits extension in US / Obama to speak on Tuesday | Job Market Monitor - January 4, 2014
Pingback: Today in US / Yellen and unemployment in the Senate | Job Market Monitor - January 6, 2014
Pingback: US / Testimonies of Americans who rely on unemployment insurance (Video) | Job Market Monitor - January 11, 2014
Pingback: Unemployment Benefits Extension in US – Senate Advances Bill but it is unlikely the legislation can get through | Job Market Monitor - March 28, 2014