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 now …
Sponsor and status
Bernard “Bernie” Sanders
Sponsor. Senior Senator for Vermont. Independent.
Last Updated: Aug 6, 2020
Length: 17 pages
116th Congress (2019–2021)
This bill was introduced on August 6, 2020, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
2 Cosponsors (2 Democrats)
Aug 6, 2020
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
S. 4490 (116th) was 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.
This bill was introduced in the 116th Congress, which met from Jan 3, 2019 to Jan 3, 2021. Legislation not passed by the end of a Congress is cleared from the books.
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GovTrack.us. (2023). S. 4490 — 116th Congress: Make Billionaires Pay Act. Retrieved from https://www.govtrack.us/congress/bills/116/s4490
“S. 4490 — 116th Congress: Make Billionaires Pay Act.” www.GovTrack.us. 2020. March 21, 2023 <https://www.govtrack.us/congress/bills/116/s4490>
Make Billionaires Pay Act, S. 4490, 116th Cong. (2020).
|title=S. 4490 (116th)
|accessdate=March 21, 2023
|author=116th Congress (2020)
|date=August 6, 2020
|quote=Make Billionaires Pay Act
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GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.