This bill establishes a committee tasked with studying the current structure of the New Hampshire unemployment program and exploring options for introducing competition within the unemployment insurance industry. The committee will consist of three members from the House of Representatives, appointed by the Speaker, and will receive mileage compensation for their duties. The committee's responsibilities include examining the reasons behind the government's monopoly on unemployment insurance, assessing the economic efficiency of having a single provider, and evaluating the potential benefits of increased consumer options, including the possibility of private-sector unemployment insurers.

The committee is required to elect a chairperson and hold its first meeting within 45 days of the bill's effective date. It must report its findings and any legislative recommendations to key state officials by November 1, 2025. The bill will take effect immediately upon passage. No specific legal language is deleted or inserted in the current law as part of this bill, as it primarily establishes a new committee and outlines its functions and reporting requirements.