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Senate Finance approves amendment raising maximum benefit cap to $750,000
3384873 · May 19, 2025
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Summary
Committee members voted to amend a benefit cap upward to $750,000, with supporters calling it a reasonable compromise and proponents noting historical payout levels below the new cap.
The Senate Finance Committee approved an amendment to raise a statutory maximum benefit cap to $750,000.
A sponsor moved to amend the dollar cap upward, arguing for an increase to account for inflation and rising costs. The sponsor said the maximum…
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