06302010 Legislative Text of Reid, Baucus Substitute Amendment to American Jobs and Closing Tax Loopholes Act to Extend Unemployment Insurance and the Homebuyer Tax Credit Closing Date1

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MCG10428 S.L.C. AMENDMENT NO.llll Purpose: In the nature of a substitute. Calendar No.lll IN THE SENATE OF THE UNITED STATES—111th Cong., 2d Sess. H. R. 4213 To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. Referred to the Committee on llllllllll and ordered to be printed Ordered to lie on the table and to be printed AMENDMENT IN THE NATURE OF A SUBSTITUTE intended to be proposed by Mr. REID Viz: 1 In lieu of the matter proposed to
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  MCG10428 S.L.C.  AMENDMENT NO.  llll  Calendar No.  lll  Purpose: In the nature of a substitute. IN THE SENATE OF THE UNITED STATES—111th Cong., 2d Sess. H. R. 4213 To amend the Internal Revenue Code of 1986 to extendcertain expiring provisions, and for other purposes.Referred to the Committee on  llllllllll  andordered to be printedOrdered to lie on the table and to be printed A  MENDMENT I N THE N  ATURE OF A  S UBSTITUTE intendedto be proposed by Mr. R EID   Viz:In lieu of the matter proposed to be inserted, insert 1 the following: 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Unemployment Com- 4 pensation Extension Act of 2010’’. 5 SEC. 2. EXTENSION OF UNEMPLOYMENT INSURANCE PRO- 6  VISIONS. 7 (a) I N G ENERAL .—(1) Section 4007 of the Supple- 8 mental Appropriations Act, 2008 (Public Law 110–252; 9 26 U.S.C. 3304 note) is amended— 10  2 MCG10428 S.L.C. (A) by striking ‘‘June 2, 2010’’ each place it 1 appears and inserting ‘‘November 30, 2010’’; 2 (B) in the heading for subsection (b)(2), by  3 striking ‘‘ JUNE 2 , 2010 ’’ and inserting ‘‘ NOVEMBER   4 30 , 2010 ’’; and 5 (C) in subsection (b)(3), by striking ‘‘November 6 6, 2010’’ and inserting ‘‘April 30, 2011’’. 7 (2) Section 2005 of the Assistance for Unemployed 8  Workers and Struggling Families Act, as contained in 9 Public Law 111–5 (26 U.S.C. 3304 note; 123 Stat. 444), 10 is amended— 11 (A) by striking ‘‘June 2, 2010’’ each place it 12 appears and inserting ‘‘December 1, 2010’’; and 13 (B) in subsection (c), by striking ‘‘November 6, 14 2010’’ and inserting ‘‘May 1, 2011’’. 15 (3) Section 5 of the Unemployment Compensation 16 Extension Act of 2008 (Public Law 110–449; 26 U.S.C. 17 3304 note) is amended by striking ‘‘November 6, 2010’’ 18 and inserting ‘‘April 30, 2011’’. 19 (b) F UNDING .—Section 4004(e)(1) of the Supple- 20 mental Appropriations Act, 2008 (Public Law 110–252; 21 26 U.S.C. 3304 note) is amended— 22 (1) in subparagraph (D), by striking ‘‘and’’ at 23 the end; and 24  3 MCG10428 S.L.C. (2) by inserting after subparagraph (E) the fol- 1 lowing: 2 ‘‘(F) the amendments made by section 3 2(a)(1) of the Unemployment Compensation 4 Extension Act of 2010; and’’. 5 (c) C ONDITIONS FOR R ECEIVING E MERGENCY U NEM - 6 PLOYMENT C OMPENSATION .—Section 4001(d)(2) of the 7 Supplemental Appropriations Act, 2008 (Public Law 110– 8 252; 26 U.S.C. 3304 note) is amended, in the matter pre- 9 ceding subparagraph (A), by inserting before ‘‘shall 10 apply’’ the following: ‘‘(including terms and conditions re- 11 lating to availability for work, active search for work, and 12 refusal to accept work)’’. 13 (d) E FFECTIVE D  ATE .—The amendments made by  14 this section shall take effect as if included in the enact- 15 ment of the Continuing Extension Act of 2010 (Public 16 Law 111–157). 17 SEC. 3. COORDINATION OF EMERGENCY UNEMPLOYMENT 18 COMPENSATION WITH REGULAR COMPENSA- 19 TION. 20 (a) C ERTAIN I NDIVIDUALS N OT I NELIGIBLE BY R EA  - 21 SON OF N EW  E NTITLEMENT TO R EGULAR B ENEFITS .— 22 Section 4002 of the Supplemental Appropriations Act, 23 2008 (Public Law 110–252; 26 U.S.C. 3304 note) is 24 amended by adding at the end the following: 25  4 MCG10428 S.L.C. ‘‘(g) C OORDINATION OF E MERGENCY U NEMPLOY - 1 MENT C OMPENSATION  W ITH R EGULAR C OMPENSA  - 2 TION .— 3 ‘‘(1) If— 4 ‘‘(A) an individual has been determined to 5  be entitled to emergency unemployment com- 6 pensation with respect to a benefit year, 7 ‘‘(B) that benefit year has expired, 8 ‘‘(C) that individual has remaining entitle- 9 ment to emergency unemployment compensa- 10 tion with respect to that benefit year, and 11 ‘‘(D) that individual would qualify for a 12 new benefit year in which the weekly benefit 13 amount of regular compensation is at least ei- 14 ther $100 or 25 percent less than the individ- 15  ual’s weekly benefit amount in the benefit year 16 referred to in subparagraph (A), 17 then the State shall determine eligibility for com- 18 pensation as provided in paragraph (2). 19 ‘‘(2) For individuals described in paragraph (1), 20 the State shall determine whether the individual is 21 to be paid emergency unemployment compensation 22 or regular compensation for a week of unemploy- 23 ment using one of the following methods: 24
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