Bill > S2616

This bill amends the Act of October 19, 1973, specifically Section 7, which relates to tax and resource exemption limitations for a specific group (likely Native Americans, given the U.S. Code citation). The bill increases the maximum dollar amount of per capita shares from $2,000 to $5,000, which could impact eligibility for federal or federally assisted financial assistance or benefits programs. Additionally, the bill makes two technical corrections to the existing law: first, modifying the punctuation in paragraph (1) by replacing ", or" with a comma, and second, correcting a spelling error in paragraph (4) by changing "cede" to "ceded". These changes are relatively minor and appear to be aimed at improving the clarity and accuracy of the legal text. The increase in the per capita share limit could potentially provide more financial flexibility or support for the affected population by raising the threshold for exemption from $2,000 to $5,000.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/2616/all-info