S. 2616 — Introduced in Senate

II 119th CONGRESS 1st Session S. 2616 IN THE SENATE OF THE UNITED STATES July 31, 2025 Ms. Smith (for herself and Ms. Klobuchar) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL 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. 1. Tax exemption; resources exemption limitation (a) In general Section 7 of the Act of October 19, 1973 (25 U.S.C. 1407), is amended, in the undesignated matter following paragraph (4), by striking $2,000 and inserting $5,000. (b) Technical corrections Section 7 of the Act of October 19, 1973 (25 U.S.C. 1407), is amended— (1) in paragraph (1), by striking , or and inserting a comma; and (2) in paragraph (4), by striking cede and inserting ceded.