This bill establishes an additional unemployment benefits program specifically for employees in the iron ore mining industry who are laid off due to lack of work between March 15, 2025, and June 16, 2025. Eligible applicants must have been laid off from employers that either significantly reduced their workforce or are in the explosive manufacturing industry providing services to the iron ore mining sector. The bill outlines the eligibility requirements, which include having established a benefit account with at least 50% of wage credits from qualifying employers and having exhausted regular unemployment benefits.

The bill specifies that the weekly benefit amount for these additional unemployment benefits will match the regular unemployment benefit amount, with a maximum duration of 26 weeks. It also includes provisions for applicants who qualify for a new regular benefit account after exhausting their initial benefits, detailing how they should proceed based on the benefit amounts. Additionally, individuals who qualify for federal Trade Readjustment Allowance benefits are excluded from receiving these additional unemployment benefits. The provisions of this bill are effective retroactively from March 15, 2025.