92nd General Assembly Summary of HB2935    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
MADIGAN,MJ-CURRIE-MCKEON-CURRY,JULIE-DAVIS,MONIQUE, 
   GILES, COLVIN, TURNER,ART, BLACK, OSTERMAN AND FEIGENHOLTZ.

Senate Sponsors:
DEL VALLE-MADIGAN,L-TROTTER-HENDON

Short description: 
UNEMPLOYMENT INSURANCE-TECH                                                

Synopsis of Bill as introduced:
        Amends the Unemployment Insurance Act.  Makes a technical  change      
   in  a  Section  concerning  the  powers  and duties of the Director of      
   Employment Security.                                                        
          FISCAL NOTE (Department of Employment Security)                      
          The unemployment insurance system is designed to respond to          
          increased benefit payments with subsequent increases in em-          
          ployer taxes paid. Under the current baseline economic assump-       
          tions, employer taxes would increase by an aggregate $287            
          million from 2002 due to the implementation of these addition-       
          al benefits.                                                         
          PENSION NOTE, H-AM 1 (Pension Laws Commission)                       
          HB2935, as amended by H-am 1, does not amend the Pension Code;       
          it has no fiscal impact on any public pension fund or retire-        
          ment system in Illinois.                                             
          FISCAL NOTE, H-AM 1 (Department of Employment Security)              
          No change from previous fiscal note.                                 
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          820 ILCS 405/1700                                                    
          Adds reference to:                                                   
          820 ILCS 405/409.1 new                                               
          820 ILCS 405/1403               from Ch. 48, par. 553                
          820 ILCS 405/1404               from Ch. 48, par. 554                
          820 ILCS 405/1405               from Ch. 48, par. 555                
          820 ILCS 405/1501.1             from Ch. 48, par. 571.1              
          820 ILCS 405/1504               from Ch. 48, par. 574                
        Deletes  everything.  Amends  the  Unemployment  Insurance   Act.      
   Creates  a  program  of  additional benefits financed by the State and      
   payable to  certain  individuals  who  have  exhausted  their  regular      
   benefits  in a week beginning on or after September 9, 2001 and before      
   March 10, 2002 and who meet specified requirements. Provides that  the      
   Director  of  Employment  Security  shall  take  action or adopt rules      
   necessary to ensure that the program's provisions are interpreted  and      
   applied to meet federal requirements. Effective immediately.                
          STATE DEBT NOTE, H-AM 1                                              
          (Illinois Economic and Fiscal Commission)                            
          This legislation would not affect the bonding authorization of       
          the State, and, therefore, has no direct impact on the level of      
          State indebtedness.                                                  
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 


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