HB 724

Unemployment Insurance Modernization Act of 2023

Sponsor: Lorig Charkoudian (District 20)Committee: Economic MattersSubject: Unemployment InsuranceStatus: Hearing 2/21 at 1:00 p.m. (as of Nov 9, 2023)

What this bill does

Official synopsis

Altering the taxable wage base used to determine employer contributions to the Unemployment Insurance Trust Fund; requiring the Secretary of Labor to set the taxable wage base and the maximum weekly benefit amount in a certain manner for certain years; prohibiting the applicable table of rates from shifting more than a certain number of tables under certain circumstances; establishing certain collateral requirements for certain investment funds that own certain portfolio companies; etc.

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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.

Testimony (18)

MGA witness list

FAV 13FavorableUNF 3UnfavorableINFO 2Information only

Position	Witness	Organization	Testimony
FAV	Arikat, Loraine	1199 SEIU United Healthcare Workers East	Written (PDF)
FAV	McKinney, Robinlobbyist	CASH CAMPAIGN OF MARYLAND	Written (PDF)
FAV	Guido, Jeffrylobbyist	Consulting by JLG	Written (PDF)
FAV	Albacarys, Balfour	International Brotherhood of Electrical Workers Local 24	Oral + Written (PDF)
FAV	Meyer, Christopherlobbyist	Maryland Center on Economic Policy	Oral + Written (PDF)
FAV	Bright Gordon, Cornelia	Maryland Legal Aid	Oral + Written (PDF)
FAV	Plante, Cecilia	Maryland Legislative Coalition	Position only
FAV	Edwards, Donna	Maryland State & DC AFL-CIO	Oral + Written (PDF)
FAV	Baker, Jim	Private Equity Stakeholder Project	Oral
FAV	Zhou, Lucy	Public Justice Center	Oral + Written (PDF)
FAV	Charkoudian, Lorig	Individual	Written (PDF)
FAV	Delegate Charkoudian, Delegate Charkoudianlegislator	Individual	Oral
FAV	Stern, Isadoralobbyist	Individual	Written (PDF)
UNF	Griffin, Andrewlobbyist	Maryland Chamber of Commerce	Oral + Written (PDF)
UNF	locklair, caileylobbyist	Maryland Retailers Association	Oral
UNF	O'Halloran, Mike	Individual	Oral
INFO	Fulginiti, Andrew	Maryland Department of Labor	Oral
INFO	Wu, Portia	Maryland Department of Labor	Oral

Organizations on record

1199 SEIU United Healthcare Workers EastFAV 1

CASH CAMPAIGN OF MARYLANDFAV 1

Consulting by JLGFAV 1

International Brotherhood of Electrical Workers Local 24FAV 1

Maryland Center on Economic PolicyFAV 1

Maryland Chamber of CommerceUNF 1

Maryland Department of LaborINFO 2

Maryland Legal AidFAV 1

Maryland Legislative CoalitionFAV 1

Maryland Retailers AssociationUNF 1

Maryland State & DC AFL-CIOFAV 1

Private Equity Stakeholder ProjectFAV 1

Public Justice CenterFAV 1

Registered lobbyists who testified

FAVMcKinney, RobinCASH CAMPAIGN OF MARYLANDRegistered for: CASH Campaign of Maryland

FAVGuido, JeffryConsulting by JLGRegistered for: Consulting by JLG

FAVMeyer, ChristopherMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy

FAVStern, IsadoraRegistered for: Maryland Consumer Rights Coalition

UNFGriffin, AndrewMaryland Chamber of CommerceRegistered for: Alliance to Prevent Legionnaire's Disease; American Subcontractors Association of Baltimore; Annapolis Maritime Museum & Park; Associated Utility Contractors of Maryland; Experience Prince George's; Howard County Chamber of Commerce…

UNFlocklair, caileyMaryland Retailers AssociationRegistered for: HPSO Investments LLC, T/A Riverboat on the Potomac; Maryland Retailers Alliance; Maryland Retailers Association