Senate Progresses with Bill to Stop Reductions to Railroad Unemployment Insurance
The Senate Budget Committee has unanimously voted to move forward a bill targeting the cessation of reductions to railroad worker’s unemployment and illness insurance benefits. The Railroad Employee Equity and Fairness (REEF) Act, also known as S.1274, was backed by both industry and labor groups who wrote to committee members, seeking their support. The Act concentrates on the 5.7 percent cut in Railroad Unemployment Insurance Act benefits that took place in May 2023. Without intervention from Congress, these reductions could continue until 2030. Committee Chairman Sheldon Whitehouse noted that the program itself is self-financing with a dedicated trust fund and does not significantly affect the deficit. The unanimous approval from the committee advances the bill to the full Senate.
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