[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 310 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                 S. 310

         To end unemployment payments to jobless millionaires.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            February 8, 2011

    Mr. Coburn (for himself, Mr. Udall of Colorado, and Mr. Tester) 
introduced the following bill; which was read twice and referred to the 
                          Committee on Finance

_______________________________________________________________________

                                 A BILL


 
         To end unemployment payments to jobless millionaires.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

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

SEC. 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.
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