Title: RICH Act
Policy area: Labor and Employment

Summary:
Returning Inappropriate Cash Handouts Act or the RICH Act
This bill excludes individuals with adjusted gross income equal to or greater than $1 million from panedmic unemployment assistance and additional benefits under federal pandemic unemployment compensation.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 3777 Introduced in Senate (IS)]

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116th CONGRESS
  2d Session
                                S. 3777

  To prohibit payment of Pandemic Unemployment Assistance and Federal 
          Pandemic Unemployment Compensation to millionaires.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 20, 2020

   Ms. Ernst introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To prohibit payment of Pandemic Unemployment Assistance and Federal 
          Pandemic Unemployment Compensation to 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 ``Returning Inappropriate Cash 
Handouts Act'' or the ``RICH Act''.

SEC. 2. PROHIBITING PAYMENT OF PANDEMIC UNEMPLOYMENT ASSISTANCE AND 
              FEDERAL PANDEMIC UNEMPLOYMENT COMPENSATION TO 
              MILLIONAIRES.

    (a) Pandemic Unemployment Assistance.--Section 2102 of the Relief 
for Workers Affected by Coronavirus Act (contained in subtitle A of 
title II of division A of the CARES Act (Public Law 116-136)) is 
amended--
            (1) in subsection (a)(3)(B)--
                    (A) in clause (i), by striking ``or'' at the end;
                    (B) in clause (ii), by striking the period at the 
                end and inserting ``; or''; and
                    (C) by adding at the end the following new clause:
                            ``(iii) an individual whose adjusted gross 
                        income is equal to or greater than 
                        $1,000,000.''; and
            (2) by adding at the end the following new subsection:
    ``(i) Prohibition on Assistance to Millionaires.--
            ``(1) Compliance.--Any application for assistance 
        authorized under subsection (b) shall include a form or 
        procedure for an individual applicant to certify that such 
        individual is not prohibited from receiving such assistance 
        pursuant to subsection (a)(3)(B)(iii).
            ``(2) Audits.--The certifications required by paragraph (1) 
        shall be auditable by the Department of Labor or the Government 
        Accountability Office.''.
    (b) Federal Pandemic Unemployment Compensation.--Section 2104(b) of 
the Relief for Workers Affected by Coronavirus Act (contained in 
subtitle A of title II of division A of the CARES Act (Public Law 116-
136)) is amended by adding at the end the following new paragraph:
            ``(3) Prohibition on compensation to millionaires.--
                    ``(A) In general.--Federal Pandemic Unemployment 
                Compensation shall not be payable to any individual 
                whose adjusted gross income is equal to or greater than 
                $1,000,000.
                    ``(B) Compliance.--Any application for regular 
                compensation shall include a form or procedure for an 
                individual applicant to certify that such individual is 
                not prohibited from receiving Federal Pandemic 
                Unemployment Compensation pursuant to subparagraph (A).
                    ``(C) Audits.--The certifications required by 
                subparagraph (B) shall be auditable by the Department 
                of Labor or the Government Accountability Office.''.
    (c) Rule of Construction.--Nothing in this Act, or any amendment 
made by this Act, may be construed to apply to regular compensation or 
extended compensation (as such terms are defined by section 205 of the 
Federal-State Extended Unemployment Compensation Act (26 U.S.C. 3304 
note)) to which an individual may be otherwise entitled.
    (d) Effective Date.--The amendments made by this section shall 
apply to weeks of unemployment beginning on or after the date of the 
enactment of this Act.
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