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No Plan Yet for Making Unemployment Benefits Retroactive

Later today, the Senate is scheduled to hold a procedural vote on House-passed legislation extending the filing deadline for unemployment benefits through the

Jul 31, 2020
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Later today, the Senate is scheduled to hold a procedural vote on House-passed legislation extending the filing deadline for unemployment benefits through the end of the month — a proposal not to be confused with the creation of a new insurance tier. That deadline came and went April 5, pushing an estimated 200,000folks out of the program since then.
Trouble is, the House-passed bill isn’t retroactive. That means that Senate lawmakers, if they hope to help those people falling off the rolls early this month, would have to alter the bill on the Senate floor. Depending on whether or not the Republicans agree to speed debate on the bill, passage might not come until the of this week, leaving tens of thousands more unemployed workers to lose their benefits in the meantime.
And even then, the altered bill would have to return to the House for a second approval.
A spokesperson for Senate Majority Leader Harry Reid (D-Nev.) said today that the Democrats still don’t have a plan for retroactivity.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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