The "Unemployment Insurance Modernization and Recession Readiness Act" proposes significant reforms to the nation's unemployment compensation system, with most changes taking effect by January 1, 2027. The bill aims to strengthen both extended and regular unemployment benefits, and introduces a new jobseeker allowance program. Title I focuses on modernizing extended benefits , mandating full federal funding and improving triggers for activation based on state and national unemployment rates, including an "Elevated National Unemployment Trigger." This ensures benefits are more responsive during economic downturns and are protected from sequestration. The bill also significantly increases the number of weeks of extended benefits during high unemployment periods, offering up to 52 weeks of support through a tiered system, with benefit amounts potentially reaching 200 percent of regular compensation. Title II introduces federal floors for regular unemployment benefits , requiring states to provide a minimum of 26 weeks , a minimum wage replacement rate of 75 percent of highest quarterly earnings, and a maximum weekly benefit of at least two-thirds of the state's average weekly wage. It also eliminates the traditional waiting week for benefits. Eligibility is expanded to include part-time workers , those separating for "compelling reasons" (e.g., family illness, childcare, employer non-compliance), and victims of violence or harassment , while allowing flexible base period calculations. Further modernizations in Title II require states to implement self-employment assistance and short-time compensation programs , and set a minimum prior employment earnings threshold. It clarifies employee status using an ABC test, expands eligibility for certain student-workers , and mandates a new dependents' allowance , starting at $25 per dependent in 2027. Additionally, it provides for emergency enhanced unemployment compensation during declared emergencies, offering 100% wage replacement. Title III establishes a new federal Jobseeker Allowance program, providing a weekly benefit, starting at $250 in 2027, for eligible unemployed or partially employed individuals who are actively seeking work but may not qualify for traditional unemployment insurance. This federally funded allowance includes provisions for reduced amounts for part-time seekers or those receiving other UI, and can be augmented through a tiered account system to provide up to 65 weeks of support based on unemployment conditions.