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S. 4490: Make Billionaires Pay Act

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About the bill

Sponsors want to use the money to pay for Americans’ out-of-pocket healthcare costs for a year.


Due to unprecedented levels of unemployment insurance and business loans during the COVID-19 pandemic, 2020 set a new record level of federal government spending outside of wartime. Republicans have essentially said this surging spending should be considered a one-year aberration due to extraordinary circumstances, rather than a new normal.

But without a corresponding rise in revenue, the deficit will soar to unprecedented levels. The Congressional Budget Office projects a $3.3 trillion budget deficit this year, the highest since 1945, the last year of World War II.

But while many ordinary Americans are struggling, the country’s richest person Jeff Bezos on July 20 alone earned $13 billion in a single day. So ...

Sponsor and status

Bernard “Bernie” Sanders

Sponsor. Junior Senator for Vermont. Independent.

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Last Updated: Aug 6, 2020
Length: 17 pages
Aug 6, 2020
116th Congress (2019–2021)

Introduced on Aug 6, 2020

This bill is in the first stage of the legislative process. It was introduced into Congress on August 6, 2020. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

1% chance of being enacted according to Skopos Labs (details)


Aug 6, 2020

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this bill has further action, the following steps may occur next:
Passed Committee

Passed Senate

Passed House

Signed by the President

S. 4490 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number S. 4490. This is the one from the 116th Congress.

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