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Bill

S 4085

Relates to establishing and funding the universal basic income pilot program; appropriation

2025 Regular Session Introduced by Jeremy Cooney and 1 co-sponsor

Bill S 4085 establishes a Universal Basic Income pilot program, providing regular cash payments to selected individuals to combat poverty and stimulate local economies.

REFERRED TO FINANCE
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Bill Summary · S 4085

Summary of Bill S 4085: Universal Basic Income Pilot Program

Purpose and Intent

Bill S 4085 aims to establish and fund a Universal Basic Income (UBI) pilot program. The primary intent of this legislation is to explore the feasibility and impact of providing a guaranteed income to individuals, thereby addressing issues related to poverty, economic inequality, and financial security.

Key Provisions

  • Establishment of the UBI Pilot Program: The bill proposes the creation of a pilot program that will provide regular, unconditional cash payments to a selected group of participants.
  • Funding Appropriation: The bill includes provisions for the appropriation of funds necessary to implement the pilot program. Specific dollar amounts for funding have not been detailed in the current version.
  • Program Parameters: While the bill does not specify the exact parameters of the pilot program, it is expected to outline eligibility criteria, payment amounts, and the duration of the program in subsequent legislative discussions.

Affected Parties

  • Participants: The pilot program will directly affect individuals selected to receive the UBI payments. The criteria for selection will be determined as part of the program's design.
  • State and Local Economies: The implementation of the UBI pilot program is anticipated to have broader economic implications, potentially stimulating local economies through increased consumer spending.
  • Policy Makers and Researchers: The outcomes of the pilot program will provide valuable data for policymakers and researchers studying the effects of UBI on poverty and economic stability.

Procedural Aspects

  • Introduced Date: The bill was introduced on January 31, 2025.
  • Current Status: As of now, the bill has been referred to the Finance Committee for further consideration.
  • Related Legislation: This bill is related to prior-session bills S 6696, S 6552, and S 7591, which may have similar objectives or provisions. Additionally, it has a companion bill, A 1308, which may provide further context or support for the UBI initiative.

Conclusion

Bill S 4085 represents a significant step towards exploring Universal Basic Income as a policy tool to combat economic challenges. As it progresses through the legislative process, further details regarding its implementation and funding will be crucial for understanding its potential impact on individuals and communities.

Compiled from official sources — confirm details with the bill’s official record.

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