Unemployment Compensation Extension Act of 2010
Date:
July 22, 2010
Who:
Dept. of Labor
Maximum Amount:
$34.00 billion
Amount Spent:
$34.00 billion
Deficit Impact:
$34.00 billion This bill extends unemployment insurance benefits through November 2010 and makes them retroactive to June 2, when the benefits previously expired. It also eliminates the $25/week increase in benefits that was originally approved in the 2009 stimulus. The maximum number of weeks for collecting benefits is set at 99.
Source:
Notes:
The cost of this bill was not offset, since it was deemed emergency spending and therefore exempt from PAYGO rules. Thus, the amount spent and the deficit impact represent the total cost of the bill.