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Thursday, January 08, 2009
Rep. McDermott Introduces Unemployment Insurance Reform and Stimulus Initiative
Rep. Jim McDermott today introduced legislation – the Unemployment Insurance Modernization Act (HR 290) – to promote comprehensive reforms to the nation’s unemployment insurance program that was created in 1935 to counter the economic crisis of the Great Depression and future recessions. McDermott is the Chairman of the House Ways and Means Income Security and Family Support Subcommittee, which has jurisdiction over the nation’s unemployment insurance program.
“Today, millions of hard-working Americans who lost their job during this economic crisis face a second crisis when they try to obtain their unemployment insurance compensation and discover that they do not qualify because the system that was created in the economic reality of 1935 is unable to match the needs of the labor market of the 21st century,” Rep. McDermott said.
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