Bill

Bill > HR2448


US HR2448

US HR2448
Ending Unemployment Payments to Jobless Millionaires Act of 2013


summary

Introduced
06/20/2013
In Committee
07/23/2013
Crossed Over
Passed
Dead
01/03/2015

Introduced Session

113th Congress

Bill Summary

Ending Unemployment Payments to Jobless Millionaires Act of 2013 - Prohibits federal funds from being used to make payments of unemployment compensation (including such compensation under the Federal-State Extended Compensation Act of 1970 and the emergency unemployment compensation program under the Supplemental Appropriations Act, 2008) to an individual whose resources in the preceding year were at least $1 million. Requires an individual's resources to be determined in the same manner as a subsidy eligible individual's resources are determined under the alternative resource standard of the Social Security Act.

AI Summary

This bill, titled the Ending Unemployment Payments to Jobless Millionaires Act of 2013, prohibits the use of federal funds to provide unemployment compensation, including extended and emergency programs, to individuals who had at least $1 million in resources in the previous year. The determination of an individual's resources would follow the same method used to assess resources for individuals eligible for subsidies under the alternative resource standard of the Social Security Act, a federal law that governs various social insurance programs. This measure aims to prevent individuals with substantial financial assets from receiving unemployment benefits.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (2)

Last Action

Referred to the Subcommittee on Human Resources. (on 07/23/2013)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...