Ending Unemployment Payments to Jobless Millionaires Act of 2023
12/19/2024, 9:07 AMSummary of Bill HR 6779
Bill 118 hr 6779, also known as the Ending Unemployment Payments to Jobless Millionaires Act of 2023, is a proposed piece of legislation in the US Congress. The main goal of this bill is to prevent individuals with a high net worth from receiving unemployment benefits.The bill specifically targets individuals who have a net worth of over one million dollars. These individuals would be ineligible to receive unemployment benefits, regardless of their income level or employment status. The rationale behind this bill is to ensure that unemployment benefits are reserved for those who truly need financial assistance during periods of job loss.
Supporters of the bill argue that it is unfair for wealthy individuals to receive unemployment benefits when they have the financial means to support themselves. They believe that these funds should be directed towards individuals who are struggling to make ends meet and are in genuine need of assistance. Opponents of the bill argue that it is discriminatory and punitive towards individuals who have worked hard to achieve financial success. They believe that eligibility for unemployment benefits should be based on income level and employment status, rather than net worth. Overall, the Ending Unemployment Payments to Jobless Millionaires Act of 2023 is a controversial piece of legislation that raises important questions about the distribution of government assistance. It remains to be seen whether this bill will gain enough support to become law.
Congressional Summary of HR 6779
Ending Unemployment Payments to Jobless Millionaires Act of 2023
This bill prohibits federal funds from being used to pay unemployment compensation (UC) to an individual whose adjusted gross income is equal to or greater than $1 million. The prohibition applies to payments under traditional unemployment compensation and the Extended Benefits program (i.e., benefits paid under the Federal-State Extended Unemployment Compensation Act of 1970).
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Current Status of Bill HR 6779
Bill HR 6779 is currently in the status of Bill Introduced since December 14, 2023. Bill HR 6779 was introduced during Congress 118 and was introduced to the House on December 14, 2023. Bill HR 6779's most recent activity was Referred to the Subcommittee on Work and Welfare. as of December 17, 2024Bipartisan Support of Bill HR 6779
Total Number of Sponsors
2Democrat Sponsors
0Republican Sponsors
2Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 6779
Primary Policy Focus
Labor and EmploymentAlternate Title(s) of Bill HR 6779
Ending Unemployment Payments to Jobless Millionaires Act of 2023Ending Unemployment Payments to Jobless Millionaires Act of 2023To end unemployment payments to jobless millionaires.Comments
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Sponsors and Cosponsors of HR 6779
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