Gavin Larnard on Instagram: “The Guaranteed Income Pilot Program Act of 2023 aims to establish a nationwide pilot program to test the effectiveness of providing guaranteed income to a select group of individuals over a three-year period. Here are more specific details on what the bill would do: Monthly Cash Payments: The program would provide monthly cash payments to eligible participants. The payment amounts would be equivalent to the fair market rent for a 2-bedroom home in the participants’ respective zip codes. Alternatively, the Secretary of Health and Human Services could determine a similar amount. Exclusion from Assistance Program Calculations: These payments would not be taken into account when determining eligibility for federal or federally assisted state or local assistance programs, such as the Supplemental Nutrition Assistance Program (SNAP) and Medicaid. In other words, receiving these payments would not disqualify participants from other forms of support. Partnership with Research Institution: The bill mandates that the U.S. Department of Health and Human Services (HHS) collaborate with a non-profit academic or research institution experienced in mixed-method experimental design. This partnership would help design, implement, and evaluate the pilot program to ensure meaningful and measurable results. Participant Count: The pilot program is designed to include 20,000 individuals, with 10,000 individuals forming a control group. This control group allows for a comparison of economic security outcomes at the end of the three-year period between those who receive guaranteed income and those who do not. Reporting Requirements: HHS, along with the Internal Revenue Service (IRS) and the designated research institution, would be required to provide an interim report on the pilot program’s outcomes within 24 months of implementation. A final report would be due within 12 months of the program’s conclusion. These reports would help assess the program’s impact and viability. Overall, the bill seeks to gather data and evidence on the effectiveness of guaranteed income in reducing poverty, improving economic security, and helping individuals and families achieve financial stability”