1.  ’Employment’ does not include service performed after June 30, 1939, in the employ of an employer as defined in the Railroad Unemployment Insurance Act (45 U.S.C. § 351 et seq.) and service with respect to which unemployment compensation is payable under any other unemployment compensation system established by an Act of Congress.

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2.  The Administrator shall enter into agreements with the proper agencies under such Act or Acts of Congress, which agreements must become effective 10 days after publication thereof in one or more newspapers of general circulation in this State, to provide reciprocal treatment to persons who have, after acquiring potential rights to benefits under this chapter, acquired rights to unemployment compensation under such Act or Acts of Congress, or who have, after acquiring potential rights to unemployment compensation under such Act or Acts of Congress, acquired rights to benefits under this chapter.