Number: RS22006
Title: The Unemployment Trust Fund and Reed Act Distributions
Authors: Kathleen Romig, Analyst in Income Security; Julie M. Whittaker, Specialist in Income Security 
Abstract: Introduced on January 8, the Unemployment Insurance Modernization Act (UIMA), H.R. 290, would distribute up to a total of $7.5 billion to the states through a special transfer of funds from the federal accounts within the UTF to the state accounts, using the methodology required by the Reed Act to determine the maximum state allotments. As proposed by the House of Representatives, The American Economic Recovery and Reinvestment Plan has an almost identical provision. It is expected that the Senate stimulus proposal will also have a similar provision.
Pages: 5
Date: January 21, 2009