Worker, Homeownership, and Business Assistance Act of 2009
Latest action (6 Nov 2009): Became Public Law No: 111-92.
What this bill does
The Worker, Homeownership, and Business Assistance Act of 2009 aimed to provide temporary aid through expanded unemployment benefits and changes to housing incentives. The bill modified the formula for calculating emergency unemployment compensation (EUC), increasing the amounts available under certain tiers. It also adjusted rules for when states could qualify for extended benefit periods and introduced additional tiers of compensation. Additionally, the Act revised eligibility and deadlines for the first-time homebuyer tax credit, extending it and modifying its terms for certain individuals, including members of the uniformed services.
This legislation affected individuals receiving unemployment benefits, potentially increasing their weekly compensation and extending the duration of payments under specific conditions. It also impacted first-time homebuyers and existing homeowners looking to purchase a new primary residence by altering the tax credit's availability, amount, and rules for recapture. Furthermore, it modified state requirements for unemployment compensation modernization incentive payments, specifically addressing situations involving compelling family reasons for job separation.
This bill was introduced in the House of Representatives in September 2009. Following passage by the Senate, it was signed into law by the President on November 6, 2009, making its provisions effective.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
(This measure has not been amended since it was passed by the Senate on November 4, 2009. The summary of that version is repeated here.)
Worker, Homeownership, and Business Assistance Act of 2009 - (Sec. 2) Amends the Supplemental Appropriations Act, 2008 to repeal the requirement that a state be in an extended benefit period before it augments the Tier-2 amounts in an applicant's emergency unemployment compensation account (EUCA) for a benefit year. (Continues to require, as under current law, that the amount established in an individual's EUCA be exhausted before it can be augmented.)
Revises the formula for making such Tier-2 credits. Increases the figures in the formula (the lesser of which shall be the amount credited): (1) from 50% to 54% of the total amount of regular compensation (including dependents' allowances) payable to the individual during the benefit year; and (2) from 13 to 14 times the individual's average weekly benefit amount for the benefit year.
Repeals the formula for determining if a state is in an extended benefit period.
(Sec. 3) Requires an additional Tier-3 deposit to an individual's EUCA, using the current formula for the Tier-2 period, if at the time that the amount established under this Act is exhausted, or at any time thereafter, the individual's state is in an extended benefit period.
Prescribes a formula for determining if a state is in an extended benefit period.
Allows application of the Tier-3 augmentation to the individual's EUCA only once.
(Sec. 4) Requires an additional Tier-4 augmentation as well if the individual's EUCA after the Tier-3 augmentation is again exhausted and the state is still in an extended benefit period.
Timeline
6 Nov 2009
Became Public Law No: 111-92.
Common questions
- What does H.R. 3548 do?
- The Worker, Homeownership, and Business Assistance Act of 2009 aimed to provide temporary aid through expanded unemployment benefits and changes to housing incentives. The bill modified the formula for calculating emergency unemployment compensation (EUC), increasing the amounts available under certain tiers. It also adjusted rules for when states could qualify for extended benefit periods and introduced additional tiers of compensation. Additionally, the Act revised eligibility and deadlines for the first-time homebuyer tax credit, extending it and modifying its terms for certain individuals, including members of the uniformed services. This legislation affected individuals receiving unemployment benefits, potentially increasing their weekly compensation and extending the duration of payments under specific conditions. It also impacted first-time homebuyers and existing homeowners looking to purchase a new primary residence by altering the tax credit's availability, amount, and rules for recapture. Furthermore, it modified state requirements for unemployment compensation modernization incentive payments, specifically addressing situations involving compelling family reasons for job separation. This bill was introduced in the House of Representatives in September 2009. Following passage by the Senate, it was signed into law by the President on November 6, 2009, making its provisions effective.
- Has H.R. 3548 become law?
- Yes. H.R. 3548 has been enacted. Status last updated 6 Nov 2009.
- Who sponsored H.R. 3548?
- H.R. 3548 was sponsored by Rep. McDermott, Jim [D-WA-7] (D-WA), with 49 cosponsors.
- What's the latest action on H.R. 3548?
- Became Public Law No: 111-92. (6 Nov 2009).
Related bills in Labor and Employment
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More bills from Rep. McDermott, Jim [D-WA-7]
SNAP Work Opportunities Act of 2015
Data-Mining Reporting Act of 2004
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