This bill establishes a committee tasked with studying the current structure of the New Hampshire unemployment program and exploring potential avenues 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 product options for consumers.

The committee is required to address several specific questions, such as the existence of private-sector unemployment insurers and the desirability of their presence in the market. The members will elect a chairperson and must hold their first meeting within 45 days of the bill's effective date. A report detailing the committee's findings and any legislative recommendations must be submitted by November 1, 2025, to various state officials. The bill will take effect immediately upon passage.