Emergency Unemployment Compensation Act

[AI summary unavailable — showing source text] Emergency Unemployment Compensation Act - Provides that, for the purposes of the Federal-State Extended Unemployment Compensation Act of 1970, there is a State "emergency on" indicator for a week if there is a State or National "emergency on" indicator for such a week. Provides, for the same purposes, that there is a State "emergency off" indicator for a week if there is both a State and National "emergency off" indicator for such week. States that, with respect to the period which begins January 1, 1975, no emergency compensation shall be payable after a specified time pursuant to the provisions of the Federal-State Extended Unemployment Compensation Act of 1970 relating to the payment of extended compensation. Changes the rate of insured unemployment definitive of a national "on" indicator from 4.5 to 4 percent for all States. Provides that there shall be paid to the States 100 percent of the sharable extended compensation and sharable regular compensation paid to individuals under State law.…