Unemployment Insurance Modernization and Recession Readiness Act

This bill establishes federal standards for unemployment insurance to increase consistency and support during economic downturns. It sets minimum requirements for benefit duration (26 weeks), wage replacement (75% of earnings), and maximum benefit amounts, while expanding eligibility for individuals separated due to compelling reasons like family care or workplace violence. The bill creates a new Jobseeker Allowance program providing weekly payments to unemployed individuals actively seeking work, with higher payments during periods of elevated unemployment. States would administer these programs with full federal funding for extended benefits and specific administrative support for the new allowance. The changes would take effect for unemployment claims beginning on or after January 1, 2027.