0
0

Emergency Advance Payments Modernization Act

12/15/2023, 4:09 PM

Summary of Bill S 3153

Bill 118 s 3153, also known as the Emergency Advance Payments Modernization Act, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to modernize and improve the process for providing emergency advance payments to individuals in times of crisis.

The bill aims to streamline the application and disbursement process for emergency advance payments, making it easier for individuals to access much-needed funds quickly during emergencies such as natural disasters or public health crises. It also seeks to ensure that these payments are distributed in a fair and efficient manner, with a focus on helping those who are most in need.

One key aspect of the Emergency Advance Payments Modernization Act is the establishment of a centralized system for processing and distributing emergency advance payments. This system would be designed to expedite the application and approval process, reducing the time it takes for individuals to receive the funds they need. Additionally, the bill includes provisions to improve oversight and accountability in the distribution of emergency advance payments, ensuring that the funds are used appropriately and effectively. It also includes measures to prevent fraud and abuse in the system, safeguarding taxpayer dollars and ensuring that the payments reach those who truly need them. Overall, the Emergency Advance Payments Modernization Act aims to modernize and improve the process for providing emergency advance payments, making it easier for individuals to access critical funds during times of crisis. If passed, this legislation has the potential to enhance the effectiveness and efficiency of emergency assistance programs, ultimately benefiting those who are most vulnerable in times of need.

Current Status of Bill S 3153

Bill S 3153 is currently in the status of Bill Introduced since October 26, 2023. Bill S 3153 was introduced during Congress 118 and was introduced to the Senate on October 26, 2023.  Bill S 3153's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of October 26, 2023

Bipartisan Support of Bill S 3153

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3153

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 3153

Emergency Advance Payments Modernization Act
Emergency Advance Payments Modernization Act
A bill to amend the National Flood Insurance Act of 1968 to establish a pilot program to increase the allowable amounts of advance payments under the National Flood Insurance Program, and for other purposes.

Comments