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Full Text of this Amendment

SA 223. Mr. COBURN submitted an amendment intended to be proposed by him to the bill S. 493, to reauthorize and improve the SBIR and STTR programs, and for other purposes; which was ordered to lie on the table; as follows:

At the end of title V, add the following:

SEC. __. ENDING UNEMPLOYMENT PAYMENTS TO JOBLESS MILLIONAIRES AND BILLIONAIRES.
(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 were 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-1 14(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.



(As printed in the Congressional Record for the Senate on Mar 15, 2011.)