S 1807

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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. <all>