A bill to extend emergency unemployment benefits without adding to the Federal budget deficit, and for other purposes.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Emergency Unemployment Benefits 
Extension Act of 2010''.

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 ``November 30, 2010'' each place it appears 
        and inserting ``January 3, 2012'';
            (B) in the heading for subsection (b)(2), by striking 
        ``november 30, 2010'' and inserting ``january 3, 2012''; and
            (C) in subsection (b)(3), by striking ``April 30, 2011'' 
        and inserting ``June 9, 2012''.
    (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 ``December 1, 2010'' each place it appears 
        and inserting ``January 4, 2012''; and
            (B) in subsection (c), by striking ``May 1, 2011'' and 
        inserting ``June 11, 2012''.
    (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 
``April 30, 2011'' and inserting ``June 10, 2012''.
    (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 (E), by striking ``and'' at the end; 
        and
            (2) by inserting after subparagraph (F) the following:
                    ``(G) the amendments made by section 2(a)(1) of the 
                Emergency Unemployment Benefits Extension Act of 2010; 
                and''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in the enactment of the Unemployment Compensation 
Extension Act of 2010 (Public Law 111-205).

SEC. 3. TEMPORARY MODIFICATION OF INDICATORS UNDER THE EXTENDED BENEFIT 
              PROGRAM.

    (a) Indicator.--Section 203(d) of the Federal-State Extended 
Unemployment Compensation Act of 1970 (26 U.S.C. 3304 note) is amended, 
in the flush matter following paragraph (2), by inserting after the 
first sentence the following sentence: ``Effective with respect to 
compensation for weeks of unemployment beginning after the date of 
enactment of the Emergency Unemployment Benefits Extension Act of 2010 
(or, if later, the date established pursuant to State law), and ending 
on or before December 31, 2011, the State may by law provide that the 
determination of whether there has been a state `on' or `off' indicator 
beginning or ending any extended benefit period shall be made under 
this subsection as if the word `two' were `three' in subparagraph 
(1)(A).''.
    (b) Alternative Trigger.--Section 203(f) of the Federal-State 
Extended Unemployment Compensation Act of 1970 (26 U.S.C. 3304 note) is 
amended--
            (1) by redesignating paragraph (2) as paragraph (3); and
            (2) by inserting after paragraph (1) the following new 
        paragraph:
    ``(2) Effective with respect to compensation for weeks of 
unemployment beginning after the date of enactment of the Emergency 
Unemployment Benefits Extension Act of 2010 (or, if later, the date 
established pursuant to State law), and ending on or before December 
31, 2011, the State may by law provide that the determination of 
whether there has been a state `on' or `off' indicator beginning or 
ending any extended benefit period shall be made under this subsection 
as if the word `either' were `any', the word `both' were `all', and the 
figure `2' were `3' in clause (1)(A)(ii).''.

SEC. 4. RESCISSION OF UNSPENT FEDERAL FUNDS TO OFFSET LOSS IN REVENUES.

    (a) In General.--Notwithstanding any other provision of law, of all 
available unobligated funds, $95,000,000,000 in appropriated 
discretionary funds are hereby permanently rescinded.
    (b) Implementation.--The Director of the Office of Management and 
Budget shall determine and identify from which appropriation accounts 
the rescission under subsection (a) shall apply and the amount of such 
rescission that shall apply to each such account. Not later than 60 
days after the date of the enactment of this Act, the Director of the 
Office of Management and Budget shall submit a report to the Secretary 
of the Treasury and Congress of the accounts and amounts determined and 
identified for rescission under the preceding sentence.
    (c) Exception.--This section shall not apply to the unobligated 
funds of the Department of Defense or the Department of Veterans 
Affairs.   

SEC. 5. BUDGETARY PROVISIONS.

    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, jointly submitted for printing in the 
Congressional Record by the Chairmen of the House and Senate Budget 
Committees, provided that such statement has been submitted prior to 
the vote on passage in the House acting first on this conference report 
or amendment between the Houses.

Summary: Emergency Unemployment Benefits Extension Act of 2010 - 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 January 3, 2012. Postpones the termination of the program until June 9, 2012. Amends the Assistance for Unemployed Workers and Struggling Families Act to extend until January 4, 2012, requirements that federal payments to states cover 100 of EUC. Amends the Unemployment Compensation Extension Act of 2008 to exempt weeks of unemployment between enactment of this Act and June 10, 2012, from the prohibition in the Federal-State Extended Unemployment Compensation Act of 1970 against federal matching payments to a state for the first week in an individual's eligibility period for which extended compensation or sharable regular compensation is paid if the state law provides for payment of regular compensation to an individual for his or her first week of otherwise compensable unemployment. Amends the Federal-State Extended Unemployment Compensation Act of 1970 to authorize a state by law to apply certain requirements of the Act, with specified substitutions, for determining an extended unemployment compensation period. Requires the state's on and off indicators to be based on its rate of insured unemployment and rate of total unemployment for the period between enactment of this Act , and ending on or before December 31, 2011. Rescinds permanently, out of all available unobligated federal funds, $95 billion in appropriated discretionary funds. Requires the Director of the Office of Management and Budget (OMB) to identify and report to the Secretary of the Treasury and Congress on which appropriation accounts the rescission shall apply from, including amounts. Exempts from rescission any unobligated funds of the Department of Defense (DOD) or the Department of Veterans Affairs (VA).