H.R. 5688 would provide for a program of targeted extended unemployment compensation.
Detailed Summary
Targeted Assistance to Restore Growth in Employment Throughout 2008 Act, or the TARGET Act - Provides for federal-state agreements under which a state will make targeted extended unemployment compensation payments, for any week of unemployment beginning in the individual's eligibility period, to individuals who: (1) have exhausted all rights to regular compensation under such state law; (2) have no rights to compensation (including both regular and extended compensation) with respect to a week under such law or any other state or federal unemployment compensation law (and are not paid or entitled to be paid such additional compensation); and (3) are not receiving compensation for such week under the unemployment compensation law of Canada.
Declares that such period of eligibility shall consist of any week which begins between April 1, 2008, and March 31, 2009. Denies eligibility to an individual unless his or her benefit year ends on or after July 1, 2007.
Specifies criteria for Tier-1, Tier-2, and Tier-3 periods of increasing unemployment in a state for purposes of calculating payments under this Act. Prescribes formulas for crediting amounts to recipient accounts for each period.
Requires federal payments to states in the amount of specified percentages of the targeted extended unemployment compensation payments a state has paid to individuals. Sets such percentages with respect to a week at: (1) 50% for a Tier-1 period; (2) 75% for a Tier-2 period; and (3) 100% for a Tier-3 period.
Provides for handling of fraud and overpayments of such compensation.
Status of the Legislation
Latest Major Action: 4/3/2008: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
Points in Favor
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Points Against
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Visitor Comments
concerned
THIS BILL IS A JOKE and the idiot who wrote it will be lucky if gets to stay in office! S2544 is the bill that should be condidered, NOT this crappy republican version, which helps NOONE! If they wouldnt have manipulated the numbers in january the extension probably would have been approved with the stimulus package.
concerned1
Adding to the bleak picture, the department revised the first two months of the year's job losses to a total of 152,000 from a previous estimate of 85,000.
sounds like a conspiracy is brewing
workerssurvival2008
A great place to gather and gain information
www.freewebs.com/workerssurvival2008
See ya there!
John
This bill is a start, The worst off should be helped first, that's a no brainer!!!
Cali
I did not feel like this about our goverment until now:
"CORRUPTED" "CORRUPTED" "CORRUPTED"
"CORRUPTED" "CORRUPTED" "CORRUPTED"
"CORRUPTED" "CORRUPTED" "CORRUPTED"
rosie derosa
What are they waiting for? We need the help out here in the trenches. There are no jobs for older citizens who have been let go due to cut backs. There is a definite recession and it will get worse. Look at the price of oil - going up and it's not even an elevator.
Our leaders need to get off their hands and do something - soon. Thank you.
Me
The way I am reading this is that if you were exhausted before April 1, you are not included in the extension which is not fair, the scrooged up the economy so why can't we get a part in this
Harriet
This bill covers anyone that has exhausted benefits after July 2007 whats wrong with that? It's a start and covers millions of people, Democrats should be taken to the curb..
penpusher
I was laid off the end of last August and I received benefits until the account ran dry. Rather than applying for aid, I'm still sending out resumes and have tried to do contract work with my writing. At near-58-years-old, the jobs are scarce and the preferences go to the young people. There are a lot of us out there who could really use the extension but afraid that by the time they get done talking, well, I don't know what I'm going to do beyond tomorrow.
Annie Oakley
My company laid off over 700 and after 11 yrs. of continuous work I am now unemployed and struggling to find another job. There are none for displaced Mortgage Processors here in Northern California. I have had to try to re-evaluate what I can now do to support myself. The job market is bleak and Unemployment "One Stop Centers", do not help! They give you the run-around and we all are floundering. What I will do, is beyond me and there is not help for people like us. And we're not in a Recession? I guess if I had a Legeslators salary I'd not care, either...