Full Federal funding of extended unemployment compensation

(a) In general Section 204 of the Federal-State Extended Unemployment Compensation Act of 1970 (26 U.S.C. 3304 note) is amended— (1) in subsection (a)— (A) by striking (1) There shall be paid and all that follows through the period at the end of paragraph (2) and inserting the following: “(1) There shall be paid to each State an amount equal to 100 percent of the extended compensation (including allowances for dependents) paid to individuals under State law. (2) No payment shall be made to any State under this subsection with respect to benefits paid if the State— (A) assesses payments due in lieu of contributions from the employer for such benefits; or (B) charges the employer for purposes of employer experience rating for such benefits.; and (B) in paragraph (3), by striking section 3306(c)(7) of the Internal Revenue and all that follows through reduced by an amount and inserting paragraph (7) or (8) of section 3306(c) of the Internal Revenue Code of 1986 applies shall be reduced by an amount equal to 50 percent of the amount; (2) by striking subsections (b) and (c); and (3) by redesignating subsections (d) and (e) as subsections (b) and (c), respectively. (b) Conforming amendment Section 202(a)(6) of the Federal-State Extended Unemployment Compensation Act of 1970 (26 U.S.C. 3304 note) is amended by striking or shareable regular compensation.