S. 2616: To amend the Act of October 19, 1973, to increase the maximum dollar amount of per capita shares for purposes of eligibility for financial assistance or other benefits under Federal or federally assisted programs, and for other purposes.

This bill proposes amendments to the Act of October 19, 1973, specifically aimed at increasing the maximum dollar amount of per capita shares that individuals can receive to qualify for financial assistance or benefits under federal or federally assisted programs. Here are the key components of the bill:

1. Increase in Per Capita Share Amount

The bill suggests raising the limit on per capita shares from $2,000 to $5,000. This change means that individuals will be eligible for federal benefits or assistance programs if their per capita shares do not exceed this new amount. This adjustment could provide greater access to financial support for eligible individuals.

2. Technical Corrections

The bill also includes several technical adjustments to improve the clarity and accuracy of the Act. Specifically:

• In paragraph (1) - The wording will be changed to replace “, or” with a simple comma.
• In paragraph (4) - The term “cede” will be corrected to “ceded” to properly convey the intended meaning.

3. Eligibility for Financial Assistance

The overall aim of these amendments is to allow more individuals or families to qualify for various forms of federal or federally assisted financial aid, improving access to resources and support for those in need.

Relevant Companies

None found.