Vote to pass a bill that would provide a one-time, $250 payment to recipients of Social Security and other Federal benefits, in the event that no cost-of-living adjustment is available in 2011.
Requires the Secretary of the Treasury to disburse a $250 payment to each individual entitled to Federal benefits if no cost-of-living increase takes effect by the end of December, 2010 (Sec. 2).
Specifies that eligibility for the $250 payment is limited to those individuals who were entitled to any of the following in October, November, or December of 2010 (Sec. 2):
Railroad Retirement benefits;
Veterans benefits; or
Supplemental Security Income (SSI).
Authorizes payment only to those individuals who reside in the following locations (Sec. 2):
1 of the 50 states;
The District of Columbia;
The United States Virgin Islands;
Northern Mariana Islands; and
Locations with a foreign or domestic Army Post Office, Fleet Post Office or Diplomatic Post Office address.
Specifies that each individual shall receive only a single $250 payment, regardless of whether the individual is eligible for more than 1 benefit or cash payment under any Federal program (Sec. 2).
Requires the Commissioner of Social Security, the Railroad Retirement Board, and the Secretary of Veterans Affairs to identify individuals who are eligible for the $250 payment, and to provide the information needed to disburse the payments to the Secretary of the Treasury (Sec. 2).
Prohibits the Internal Revenue Service from regarding the $250 payment as gross income (Sec. 2).
Prohibits the $250 payment from being included as income, or as a resource, when determining eligibility for benefits under any Federal, State, or local program financed by Federal funds (Sec. 2).
Exempts from eligibility any individual whose date of death occurs prior to the date the payment is received or direct-deposited into the individual's account (Sec. 2).
Requires the Secretary of the Treasury to begin disbursing payments at the earliest possible date in 2011, but before April 1, 2011 (Sec. 2).
Prohibits the disbursement of the $250 payments after December 31, 2011 (Sec. 2).
NOTE: THIS VOTE WAS TAKEN UNDER A SUSPENSION OF THE RULES TO CUT OFF DEBATE EARLY AND VOTE TO PASS THE BILL, THEREBY REQUIRING A TWO-THIRDS MAJORITY FOR PASSAGE.