SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Responsible COBRA, Unemployment, and 
Poverty Extension Act''.

SEC. 2. EXTENSION OF UNEMPLOYMENT INSURANCE PROVISIONS.

    (a) In General.--(1) Section 4007 of the Supplemental 
Appropriations Act, 2008 (Public Law 110-252; 26 U.S.C. 3304 note) is 
amended--
            (A) by striking ``June 2, 2010'' each place it appears and 
        inserting ``September 30, 2010'';
            (B) in the heading for subsection (b)(2), by striking 
        ``june 2, 2010'' and inserting ``september 30, 2010''; and
            (C) in subsection (b)(3), by striking ``November 6, 2010'' 
        and inserting ``March 1, 2011''.
    (2) Section 2005 of the Assistance for Unemployed Workers and 
Struggling Families Act, as contained in Public Law 111-5 (26 U.S.C. 
3304 note; 123 Stat. 444), is amended--
            (A) by striking ``June 2, 2010'' each place it appears and 
        inserting ``September 30, 2010''; and
            (B) in subsection (c), by striking ``November 6, 2010'' and 
        inserting ``March 1, 2011''.
    (3) Section 5 of the Unemployment Compensation Extension Act of 
2008 (Public Law 110-449; 26 U.S.C. 3304 note) is amended by striking 
``November 6, 2010'' and inserting ``March 1, 2011''.
    (b) Funding.--Section 4004(e)(1) of the Supplemental Appropriations 
Act, 2008 (Public Law 110-252; 26 U.S.C. 3304 note) is amended--
            (1) in subparagraph (D), by striking ``and'' at the end; 
        and
            (2) by inserting after subparagraph (E) the following:
                    ``(F) the amendments made by section 2(a)(1) of the 
                Responsible COBRA, Unemployment, and Poverty Extension 
                Act; and''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in the enactment of the Continuing Extension Act 
of 2010 (Public Law 111-157).

SEC. 3. EXTENSION AND IMPROVEMENT OF PREMIUM ASSISTANCE FOR COBRA 
              BENEFITS.

    (a) Extension of Eligibility Period.--Subsection (a)(3)(A) of 
section 3001 of division B of the American Recovery and Reinvestment 
Act of 2009 (Public Law 111-5), as amended by section 3(a) of the 
Temporary Extension Act of 2010 (Public Law 111-144) and section 3(a) 
of the Continuing Extension Act of 2010 (Public Law 111-157), is 
amended by striking ``May 31, 2010'' and inserting ``September 30, 
2010''.
    (b) Rules Relating to 2010 Extension.--Subsection (a) of section 
3001 of division B of the American Recovery and Reinvestment Act of 
2009 (Public Law 111-5), as amended by section 3(b) of the Continuing 
Extension Act of 2010 (Public Law 111-157), is amended by adding at the 
end the following:
            ``(19) Additional rules related to 2010 extension.--In the 
        case of an individual who, with regard to coverage described in 
        paragraph (10)(B), experiences a qualifying event related to a 
        termination of employment on or after June 1, 2010, and prior 
        to the date of the enactment of this paragraph, rules similar 
        to those in paragraphs (4)(A) and (7)(C) shall apply with 
        respect to all continuation coverage, including State 
        continuation coverage programs.''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in the provisions of section 3001 of division B 
of the American Recovery and Reinvestment Act of 2009.

SEC. 4. EXTENSION OF USE OF 2009 POVERTY GUIDELINES.

    Section 1012 of the Department of Defense Appropriations Act, 2010 
(Public Law 111-118), as amended by section 6 of the Continuing 
Extension Act of 2010 (Public Law 111-157), is amended by striking 
``May 31, 2010'' and inserting ``September 30, 2010''.

SEC. 5. USE OF STIMULUS FUNDS TO OFFSET SPENDING.

    The unobligated balance of each amount appropriated or made 
available under the American Recovery and Reinvestment Act of 2009 
(Public Law 111-5) (other than under title X of division A of such Act) 
is rescinded pro rata such that the aggregate amount of such 
rescissions equals $27,000,000,000 in order to offset the net increase 
in spending resulting from the provisions of, and amendments made by, 
sections 2 through 4. The Director of the Office of Management and 
Budget shall report to each congressional committee the amounts so 
rescinded within the jurisdiction of such committee.

SEC. 6. DETERMINATION OF BUDGETARY EFFECTS.

    (a) In General.--The budgetary effects of this Act, for the purpose 
of complying with the Statutory Pay-As-You-Go Act of 2010, shall be 
determined by reference to the latest statement titled ``Budgetary 
Effects of PAYGO Legislation'' for this Act, submitted for printing in 
the Congressional Record by the Chairman of the House Budget Committee, 
provided that such statement has been submitted prior to the vote on 
passage.
    (b) Emergency Designation for Congressional Enforcement.--In the 
House of Representatives, this Act, with the exception of section 5, is 
designated as an emergency for purposes of pay-as-you-go principles. In 
the Senate, this Act is designated as an emergency requirement pursuant 
to section 403(a) of S. Con. Res. 13 (111th Congress), the concurrent 
resolution on the budget for fiscal year 2010.
    (c) Emergency Designation for Statutory Paygo.--This Act, with the 
exception of section 5, is designated as an emergency requirement 
pursuant to section 4(g) of the Statutory Pay-As-You-Go Act of 2010 
(Public Law 111-139; 2 U.S.C. 933(g)).
Responsible COBRA, Unemployment, and Poverty Extension Act - Amends the Supplemental Appropriations Act, 2008 with respect to the state-established individual emergency unemployment compensation account (EUCA). Extends the final date for entering a federal-state agreement under the Emergency Unemployment Compensation (EUC) program through FY2010. Postpones the termination of the program until March 1, 2011.

Amends the Assistance for Unemployed Workers and Struggling Families Act to extend through FY2010 requirements that federal payments to states cover 100% of EUC.

Amends the American Recovery and Reinvestment Act of 2009 (ARRA) to extend through FY2010, premium assistance for COBRA benefits (health insurance continuation benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985).

Prescribes a special rule for an individual who experiences a qualifying event related to a termination of employment on or after June 1, 2010, and before the enactment of this Act. Applies to all COBRA continuation coverage, including state continuation coverage programs, with respect to such individual rules similar to those in the ARRA: (1) extending the election period for, and the effect on, COBRA continuation coverage; and (2) requiring a notice of such action by the administrator of a group health plan.

Amends the Department of Defense Appropriations Act, 2010 to extend the use of 2009 poverty guidelines through FY2010. Prohibits the Secretary of Health and Human Services (HHS) from publishing updated poverty guidelines for 2010 until after such date.

Rescinds pro rata the unobligated balance of each amount appropriated or made available under ARRA (except under title X: Military Construction and Veterans Affairs of division A), so that the aggregate amount of such rescissions equals $27 billion to offset the net increase in spending resulting from this Act.
To provide a temporary extension of unemployment insurance, and for other purposes.