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Pilot Program: Guaranteed Monthly Income for Selected Citizens

This bill proposes a three-year pilot program to provide a guaranteed monthly income to 20,000 selected individuals. The aim is to study the impact of such support on financial stability, health, and overall living conditions of citizens, especially in the face of rising living costs and income volatility. Payments will not be counted as income for other federal benefits.
Key points
20,000 individuals aged 18-65 will receive monthly cash payments for three years.
The payment amount will be equal to the fair market rent for a two-bedroom home in the participant's ZIP Code.
Money from the program will not affect eligibility for other federal social benefits.
The program aims to study how guaranteed income impacts participants' finances, health, and daily lives.
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Additional Information
Print number: 118_HR_5776
Sponsor: Rep. Watson Coleman, Bonnie [D-NJ-12]
Process start date: 2023-09-27