Arnold Ventures’ Statement on Bipartisan Bill to Improve Unemployment Insurance

WASHINGTON D.C. (Jul. 11, 2024) - Andrew Moylan, vice president of public finance at Arnold Ventures, provided the following reaction to today’s introduction of the Unemployment Insurance Integrity and Accessibility Act:

“Arnold Ventures welcomes the introduction of the Unemployment Insurance Integrity and Accessibility Act, a bipartisan bill to improve fraud resilience and benefit delivery in unemployment insurance. This common-sense proposal will shore up our antiquated UI systems, which were exploited for tens of billions of dollars during the pandemic.

“Through our program integrity work, Arnold Ventures has made significant investments in UI research and policy development. This new legislation is a strong first step toward implementing the recommendations of fraud experts to better protect taxpayers and lawful claimants alike. We commend the bill’s sponsors, Senate Finance Committee Chair Ron Wyden and Ranking Member Mike Crapo, for their focus on enhancing unemployment insurance program integrity and look forward to Senate action on the bill this year.”

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Arnold Ventures is a philanthropy that supports research to understand the root causes of America’s most persistent and pressing problems, as well as evidence-based solutions to address them. By focusing on systemic change, AV is working to improve the lives of American families, strengthen their communities, and promote their economic opportunity. Since Laura and John Arnold launched their foundation in 2008, the philanthropy has expanded, and Arnold Ventures’ focus areas include education, criminal justice, health, infrastructure, and public finance, advocating for bipartisan policy reforms that will lead to lasting, scalable change. As signatories of the Giving Pledge, the Arnolds have committed to giving away most of their wealth during their lives.

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