TREATMENT OF PAYMENTS FROM THE RAILROAD UNEMPLOYMENT INSURANCE ACCOUNT.

SEC. 5701. TREATMENT OF PAYMENTS FROM THE RAILROAD UNEMPLOYMENT INSURANCE ACCOUNT. (a) Amendments.—Section 235 of the Continued Assistance to Rail Workers Act of 2020 (subchapter III of title II of division N of Public Law 116–260; 2 U.S.C. 906 note) is amended— (1) in subsection (b)— (A) by striking paragraphs (1) and (2); and (B) by striking “subsection (a)—” and inserting “subsection (a) shall take effect 7 days after the date of enactment of the Continued Assistance to Rail Workers Act of 2020.”; and (2) by striking subsection (c). (b) Applicability.—The amendments made by subsection (a) shall apply as if enacted on the day before the date on which the national emergency concerning the novel coronavirus disease (COVID–19) outbreak declared by the President on March 13, 2020, under the National Emergencies Act (50 U.S.C. 1601 et seq.) terminates. (c) Offset From Technology Modernization Fund.—Of the unobligated balances of the amount made available under section 4011 of the American Rescue Plan Act of 2021 (135 Stat. 80), $13,000,000 are rescinded.