Obama Signs Unemployment Compensation Extension Act of 2010
The unemployed across the United States have certainly rejoiced and praised the Democrats and some Republicans who finally approved the Unemployment Extension Bill or H.R.4213 – Unemployment Compensation Extension Act of 2010.
The US Senate approved it with a vote of 59-39 on Wednesday, July 21 and then the US House of Representatives gave it the final nod with 272-152 with 31 Republicans joining the vote. The Unemployment Extension Bill was signed by President Baack Obama the next day.
The new law, Unemployment Compensation Extension Act of 2010 will now effectively extend the unemployment insurance benefits until November 30, 2010 for people who had been unemployed for more than 6 months.
Retroactive benefits will also be paid to over 2.5 million unemployed Americans whose payment had been cut off since June 2, 2010. The Unemployment Extension bill and other payments had been cut off since both the House and the Senate turned down the bills to extend it.
The Unemployment Compensation Extension Act of 2010 does not however provide a tier 5 for existing benefits which had already been given 4 tiers.
The full text of the Unemployment Extension Bill or the Unemployment Compensation Extension Act of 2010 is available at this link. For those monitoring the votes of Senators and Representatives in this Unemployment Extension Bill then click here.
