The proposed legislation, General Assembly Raised Bill No. 347, aims to increase the threshold amount for felony unemployment compensation fraud. Specifically, it amends subsection (f) of section 31-273 of the general statutes. The bill replaces the existing threshold of five hundred dollars with a new threshold of two thousand dollars. Under the revised law, individuals who knowingly make false statements or fail to disclose material facts to obtain unemployment benefits will be guilty of a class A misdemeanor if the fraudulent amount is two thousand dollars or less. If the amount exceeds two thousand dollars, the offense will be classified as a class D felony.

Additionally, the bill modifies the language regarding the individuals involved in the fraudulent activities. It replaces the terms "himself or herself" and "his or her" with the more neutral term "such person." The act is set to take effect on October 1, 2026, and includes a provision that limits the prosecution of violations committed on or after October 1, 1977, to within five years of the offense.