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Ending Unemployment Payments to Millionaires: New Rules for Benefits

New rules aim to stop federal unemployment benefits for individuals with an adjusted gross income of one million dollars or more. Citizens applying for benefits will need to certify they do not exceed this income threshold, and their statements will be subject to audits. This change seeks to ensure more efficient use of public funds.
Key points
Individuals with an adjusted gross income of $1,000,000 or more will not receive federal unemployment benefits.
Applicants for unemployment compensation must certify their income, and these certifications will be auditable.
The rules apply to weeks of unemployment beginning on or after the act's enactment date.
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Additional Information
Print number: 117_S_5148
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2022-11-30