Legislative Branch

Billions of Dollars Saved in Means-Tested Payments

There are currently over 80 Federal Means-tested programs paying out more than $500 Billion dollars annually.

 

Run a computer match with the Unclaimed Property Agencies for all 50 States against the SSN's of those receiving these Federal means-tested benefits. The States currently hold about $30 Billion Dollars in unclaimed property that belongs to an estimated 1 out of every 6 Americans.

 

A successful match may affect the eligibility of many of those receiving these needs-based payments which could result in savings to the Federal Government of several Billion dollars annually.

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Idea No. 6749