Here’s a rundown on the changes of keenest interest to insurance advisors...
WASHINGTON, March 21 -- Rep. Carolyn McCarthy, D-N.Y. (4th CD), issued the following news release:
Earlier this week, Congresswoman McCarthy joined colleagues in signing a discharge petition to bring up H.R. 3546, the Emergency Unemployment Compensation Act. The discharge petition would force an up-or-down vote that would extend unemployment insurance for more than 2 million people and extend emergency unemployment for nearly 5 million who are looking for work through the end of the year.
"One of the best ways to help the American economy is to keep Americans on their feet, while continuing to work to create jobs," said. Congresswoman McCarthy. "Countless families and individuals are still struggling to make ends meet and I am proud to stand up for my constituents and all Americans to make sure they have the unemployment benefits they have worked for."
According to analysis from the House Ways and Means Committee, the number of people who have lost their unemployment benefits as a result of the program's Dec. 28 expiration surpassed two million last week. However, despite growing struggles, House Republicans have blocked multiple efforts by Democrats to bring legislation to the House floor that would extend the program. Last month a Senate measure to extend the program fell one vote short of the 60 necessary votes to move the legislation forward.
To overcome this opposition, Democrats have launched a discharge petition to force action on this important legislation. The discharge petition will require the House to consider the unemployment insurance extension legislation once a majority of Members of Congress (218) have signed the petition.
"While we continue working to turn this economy around, extending unemployment insurance will provide much needed relief to the millions of unemployed Americans still struggling to find work," said Rep. McCarthy.
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