Modernizes the federal unemployment system by overhauling how extended benefits are funded and triggered, raising minimum standards for regular state unemployment benefits, and creating a new federally reimbursed weekly “jobseeker allowance” that states must deliver to eligible unemployed or partly employed jobseekers. The bill sets eligibility, benefit-calculation, portability, reporting, fraud, repayment, and appeals rules, assigns reporting and determination roles to the Secretary of Labor and BLS, and phases most changes in by January 1, 2027 (with some provisions effective when states adopt conforming law).