Unemployment Compensation Reform Act

[AI summary unavailable — showing source text] Unemployment Compensation Reform Act - Title I: Unemployment Compensation Cost Equalization Program - Unemployment Compensation Cost Equalization Act - Entitles, under the Social Security Act, States whose rates of insured unemployment is at least six percent to partial reimbursement on an ascending sliding scale of unemployment compensation costs incurred above a certain amount. Title II: Federal-State Extended Unemployment Compensation Act - Federal-State Extended Unemployment Compensation Act - Replaces the Federal-State Extended Unemployment Compensation Act of 1970 with an extended unemployment benefit program which includes both regular extended benefits of up to 13 weeks and supplemental extended benefits of up to 13 additional weeks. Directs that benefits be made available when unemployment exceeds specified trigger levels which are similar to those used under present law. Revises the method for determining unemployment rates for the purpose of such triggers. Provides for 50 percent Federal funding of regular extended benefits and for full Federal funding of supplemental benefits. Title III: Financing Amendments for Unemployment Compensation Programs - Authorizes the Secret…