H 576 Vermont House · 2023-2024 Regular Session

An act relating to studying supplemental funding for the Unemployment Insurance Program

This bill establishes a study committee to examine how Vermont could create supplemental funding for its Unemployment Insurance Program. The committee will analyze different funding options, such as enterprise funds or special accounts, to help the Department of Labor manage reserves during high unemployment periods and cover costs for IT upgrades, service improvements, and fraud prevention. The bill does not authorize any funding changes itself but instead focuses on researching the best financial mechanisms to support the program's future needs. It directly affects state officials responsible for unemployment insurance administration and the committee members tasked with conducting the analysis.
Bill status introduced 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 3, 2024 Last action Jan 3, 2024
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Jan 3, 2024
Introduced
Read first time and referred to the Committee on Commerce and Economic Development
lower
1 primary · 2 co-sponsors

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