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Text of the Ending Unemployment Payments to Jobless Millionaires Act of 2011

This bill was introduced on February 9, 2011, in a previous session of Congress, but was not enacted. The text of the bill below is as of Feb 9, 2011 (Introduced).

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Source: GPO

I

112th CONGRESS

1st Session

H. R. 569

IN THE HOUSE OF REPRESENTATIVES

February 9, 2011

introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To end unemployment payments to jobless millionaires.

1.

Short title

This Act may be cited as the Ending Unemployment Payments to Jobless Millionaires Act of 2011.

2.

Ending unemployment payments to jobless millionaires

(a)

Prohibition

Notwithstanding any other provision of law, no Federal funds may be 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 title IV of the Supplemental Appropriations Act, 2008) in a year to an individual whose resources in the preceding year was equal to or greater than $1,000,000. For purposes of the preceding sentence, with respect to a year, an individual's resources shall be determined in the same manner as a subsidy eligible individual’s resources are determined for the year under section 1860D–14(a)(3)(E) of the Social Security Act (42 U.S.C. 1395w–114(a)(3)(E)).

(b)

Effective date

The prohibition under subsection (a) shall apply to weeks of unemployment beginning on or after the date of the enactment of this Act.