Sets out NCGA findings concerning the State's unemployment insurance program (UI program). Establishes the Legislative Study Committee on Unemployment Insurance in North Carolina (Committee), which includes 13 voting members and 3 non-voting members, to study the State's UI program, with an emphasis on comparing features and performance of unemployment insurance administration and benefits in North Carolina to the programs of other states. Sets out six issues that are to be examined. Requires findings and recommendations of the Committee to be made upon majority vote of the voting members. Requires any recommendation to modify a policy, rule, or law to include a specific policy or legislative proposal and the estimated cost. Requires membership appointments to be made by October 1, 2021, with terms commencing at that time. Voting members serve a two-year term and may be reappointed to successive terms. Provides for designation of co-chairs, filling vacancies, removal of members, payment, and staffing. Requires the Committee to submit its initial report by March 1, 2022, to the Governor and the specified NCGA committee, with a final report due before the convening of the 2023 General Assembly. Sets the Commission to expire upon submission of the final report, unless extended by the NCGA.