This bill proposes significant updates to New Hampshire's unemployment compensation system by repealing and reenacting RSA 282-A:25. The new legal language establishes a tiered system for determining maximum weekly benefit amounts based on an individual's annual earnings, introducing a detailed table that ranges from $32 for those earning $2,800 annually to $669 for individuals earning $65,000. This change effectively raises the maximum weekly benefit from the previous cap of $427, which has been unchanged since 2007.

Additionally, the bill mandates the implementation of "stress tests" for the Unemployment Compensation Trust Fund during economic downturns to assess its performance and ensure solvency. The Department of Employment Security will conduct these tests using historical data from past recessions, including the early 2000s and the Great Recession. While the bill does not provide funding or authorize new positions, it is expected to have fiscal implications for state and local governments, potentially increasing expenditures from the Unemployment Trust Fund and affecting employer tax rates. The act is set to take effect 60 days after its passage.