US HB6431

Eliminates the requirement that self-employment assistance program participants must be identified as likely to exhaust their regular unemployment compensation benefits

Modifies participation requirements to allow either entrepreneurial training, business counseling, and technical assistance OR activities performed under a state-approved business plan and market feasibility study

Adds a weekly certification requirement for participants to report their self-employment assistance activities to a state-designated agency

Doubles the cap on program participation from 5% to 10% of individuals receiving unemployment compensation in a state

Takes effect 2 years after enactment, with states permitted to amend their laws earlier; requires the Secretary of Labor to issue regulations and guidance including model activity lists and verification best practices