119-s1807

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1807 Introduced in Senate

    (IS) ]

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119th CONGRESS
 1st Session
 S. 1807

 To require an income identification and verification platform for 
 certain Federal benefit funds, and for other purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 May 19, 2025

 Mr. Banks (for himself and Ms. Lummis) introduced the following bill; 
 which was read twice and referred to the Committee on Finance

_______________________________________________________________________

 A BILL

 To require an income identification and verification platform for 
 certain Federal benefit funds, and for other purposes.

 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 ``Timely and Accurate Benefits Act''.

SEC. 2. REQUIREMENTS OF STATES; ENHANCED INCOME VERIFICATION PLATFORM 
 REQUIRED.

 To be eligible to receive Federal funds for a covered Federal 
benefit program, a State, not later than 1 year after the date of the 
enactment of this Act, shall procure, contract, and use an Enhanced 
Income Identification and Verification Platform.

SEC. 3. DEFINITIONS.

 In this Act:

    (1) Covered federal benefit program.--The term ``covered 
 Federal benefit program'' means any program administered by the 
 Federal government, or by a State or local government using 
 Federal funds, in which eligibility for benefits, or the amount 
 of benefits, is determined, in whole or in part, based on the 
 income of an individual or household.

    (2) Enhanced gross income.--The term ``enhanced gross 
 income'' means--
        (A) wages, salaries, tips included and not included 
 on pay stubs, and other compensation from all forms of 
 employment, including traditional W-2 employment not 
 provided by existing data sources, contract work, self-
 employment, and participation in the gig economy;
        (B) unemployment compensation;
            (C) any benefits paid under the Old-Age and 
 Survivors Insurance and Disability Insurance programs 
 and associated benefits under title II of the Social 
 Security Act (42 U.S.C. 401 et seq.);
            (D) Supplemental Security Income

    (SSI) benefits 
 paid under title XVI of the Social Security Act (42 
 U.S.C. 1381 et seq.);
        (E) interest and dividends;
        (F) short-term and long-term rental income;
        (G) royalties;
        (H) child support and alimony payments received;
            (I) cash assistance from government programs;
        (J) regular or recurring gifts or contributions 
 from individuals or organizations;
        (K) distributions from trusts or estates;
            (L) any other source of income, whether taxable or 
 non-taxable, that is available to the individual or 
 household to meet their needs, as determined by the 
 Secretary of the Treasury; and
            (M) other income identified and verified through 
 consumer-permissioned direct access to deposit account 
 transaction data.

    (3) Enhanced income identification and verification 
 platform.--The term ``Enhanced Income Identification and 
 Verification Platform'' means--
        (A) services incorporating automated, real-time 
 data matching and analytics to proactively identify and 
 verify potential instances of unreported or 
 underreported enhanced gross income, inconsistent 
 income reporting, or other indicators of potential 
 ineligibility or improper payments;
        (B) receiving and analyzing applicant-permissioned 
 deposit account transactional data that identifies and 
 verifies sources of enhanced gross income not currently 
 obtained through existing data sources that provide for 
 payroll, new-hire and latent State and Federal tax 
 data, with the option for the claimant to review and 
 attest to the accuracy of the data; and
            (C) the ability to identify and consolidate 
 overlapping data to avoid double-counting of financial 
 records.

    (4) State.--The term ``State'' means each of the 50 States, 
 the District of Columbia, and each territory and possession of 
 the United States.
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