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The Unemployment Insurance Modernization and Recession Readiness Act would comprehensively reform the federal unemployment insurance system. It would establish full federal funding for extended unemployment benefits, lower and modernize the triggers for when extended benefits activate, increase the duration and amount of extended benefits during high unemployment periods, and expand regular unemployment compensation eligibility and benefits. The bill would also create new programs including a jobseeker allowance, self-employment assistance, and short-time compensation, while eliminating waiting weeks and expanding good cause separations for workers leaving jobs.
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