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 product options for consumers.

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 does not include any deletions from current law but introduces new provisions regarding the establishment and operation of the committee. The act will take effect upon its passage.