Unemployment Insurance Modernization and Recession Readiness Act

This bill modernizes unemployment insurance by establishing minimum benefit levels (26 weeks of coverage, 75% wage replacement, and a $250 weekly jobseeker allowance), eliminating waiting periods, and expanding eligibility for workers affected by harassment, domestic violence, or medical emergencies. It creates new triggers for extended benefits during recessions and increases available weeks during high unemployment periods, with potential additional weeks based on unemployment rates. The bill requires states to implement these changes by January 2025 or earlier, directly affecting unemployed workers, their families, and state unemployment insurance programs nationwide. It also establishes a new jobseeker allowance program with potential increases during economic downturns.