(c) the term "extended benefit period" shall have the meaning assigned to such term under section 203 of the Federal-State Extended Unemployment Compensation Act of 1970. 85 STAT. 815 84 Stat. 709. note. For purposes of any State law which refers to an extension under 26 USC 3304 REPORT BY SECRETARY OF LABOR SEC. 206. (a) The Secretary of Labor shall conduct a comprehensive study and review of the program established by the Emergency Unemployment Compensation Act of 1971, with a view to submitting to the Ante, p. 811. Congress the report required to be submitted under subsection (b). Such study and review shall be conducted with particular regard to (1) the benefit payments made under such program, (2) projections of benefit payments which will be payable under such program after the period covered by such report, (3) the desirability of continuing such program after the period prescribed in section 202 (f), and (4) the funding of the benefits payable under such program and the funding of benefits thereunder if such program should be continued after the period prescribed in section 202(f). (b) On or before May 1, 1972, the Secretary of Labor shall submit to the Congress a full and complete report on the study and review provided for in subsection (a). Such report shall cover the period ending March 31, 1972, and shall contain the recommendations of the Secretary of Labor with respect to such program, including but not limited to, the operation and funding of such program, and the desirability of extending such program after the period prescribed in section 202(f). Approved December 29, 1971. LEGISLATIVE HISTORY: HOUSE REPORTS: No. 92-589 (Comm. on Ways and Means) and No. 92-749 (Comm. of Conference). SENATE REPORT No. 92-551 (Comm. on Finance) CONGRESSIONAL RECORD, Vol. 117 (1971): Nov. 17, considered and passed House. Dec. 6, considered and passed Senate, amended. Dec. 15, House and Senate agreed to conference report. WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 8, Ño. 1: Dec. 30, Presidential statement. Public Law 92-329 An Act To provide for a six-month extension of the emergency unemployment compensation program. 86 STAT. 398 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 202(f) Emergency of Public Law 92-224 (relating to termination dates for purposes of unemployment the Emergency Unemployment Compensation Act of 1971) is compensation. amended (1) by striking out “June 30, 1972" and inserting in lieu thereof "December 31, 1972", program. (2) by striking out "September 30, 1972" and inserting in lieu note. thereof "March 31, 1973", and (3) by striking out "July 1, 1972" and inserting in lieu thereof "January 1, 1973". SEC. 2. (a) Section 3301 of the Internal Revenue Code of 1954 (relating to rate of Federal unemployment tax) is amended by adding at the end thereof the following new sentence: "In the case of wages paid during the calendar year 1973, the rate of such tax shall be 3.28 percent in lieu of 3.2 percent." (b) Section 6157(b) of the Internal Revenue Code of 1954 (relating to payment of Federal unemployment tax on quarterly or other time period basis) is amended by adding at the end thereof the following new sentence: "In the case of wages paid in any calendar quarter or other period during 1973, the amount of such wages shall be multiplied by 0.58 percent in lieu of 0.5 percent." 84 Stat. 713. 26 USC 3301. 83 Stat. 91; 84 Stat. 696. 42 USC 1105. (c) Section 905 (b) (1) of the Social Security Act is amended by 84 Stat. 716. adding at the end thereof the following new sentence: "In the case of any month after March 1973 and before April 1974, the first sentence of this paragraph shall be applied by substituting 'thirteen fiftyeighths' for 'one-tenth'." (d) Section 903(b)(3) of the Social Security Act is amended by adding at the end thereof the following new sentence: "No reduction shall be made under this subsection in the amount transferable to the account of any State by reason of emergency compensation paid to any individual for a week of unemployment ending after June 30, 1972.59 (80) 85 Stat. 814. 42 USC 1103. 86 STAT. 398 (e) The second sentence of section 204 (b) of the Emergency Unemployment Compensation Act of 1971 is amended to read as follows: Amounts appropriated as repayable advances and paid to the States under section 203 shall be repaid, without interest (1) in the case of weeks of unemployment ending before July 1, 1972, as provided in section 903 (b) (3) of the Social Security Act, and (2) in the case of weeks of unemployment ending after June 30, 1972, as provided in section 905 (d) of such Act." Approved June 30, 1972. LEGISLATIVE HISTORY: HOUSE REPORT No. 92-1156 (Comm. on Ways and Means). June 28, considered and passed House. WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 8, No. 27: July 1, Presidential statement. (Extract from) Public Law 92-336 92nd Congress, H. R. 15390 July 1, 1972 An Act To provide for a four-month extension of the present temporary level in the public debt limitation, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That Public Law 92-250 and section 2(a) of Public Law 92-5 are each amended by striking out "June 30, 1972," and inserting in lieu thereof "October 31, 1972,". SEC. 2. (a) Section 165 (h) (1) of the Internal Revenue Code of 1954 (relating to disaster losses) is amended to read as follows: 86 STAT. 406 Public debt limit; disaster losses; Social Security Act, amendments. Ante, p. 63; 85 Stat. 5. 26 USC 165. "(1) attributable to a disaster which occurs during the period 76 Stat. 51. after the close of the taxable year and on or before the last day of the 6th calendar month beginning after the close of the taxable year, and". (b) The amendment made by subsection (a) shall apply to disasters occurring after December 31, 1971, in taxable years ending after such date. TITLE II-AMENDMENTS TO THE SOCIAL SECURITY INCREASE IN OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE BENEFITS. Effective date. 85 Stat. 6. SEC. 201. (a) Section 215 (a) of the Social Security Act is amended by striking out the table and inserting in lieu thereof the following: 42 USC 415. "TABLE FOR DETERMINING PRIMARY INSURANCE AMOUNT AND |