Subjects an individual's emergency unemployment compensation (EUC) benefit payment to a gradual reduction, if a law extending EUC is enacted on or after enactment of this Act.
Requires, effective for EUC payable for each week beginning on or after the enactment or, if later, the effective date of the extension, the amount of EUC payable to any individual:
for the first week of unemployment following the initial post-extension week to be the amount that would otherwise be payable, reduced by 5%; and for each subsequent week of unemployment to be the amount that would otherwise be payable: (1) reduced (but not below zero) by the percentage reduction applicable to the individual's preceding week of unemployment; and (2) increased by 5 percentage points.
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