116th CONGRESS 2d Session |
To amend section 6428A of the Internal Revenue Code of 1986 to increase recovery rebate amounts to $2,000 for individuals.
December 24, 2020
Mr. Neal introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
To amend section 6428A of the Internal Revenue Code of 1986 to increase recovery rebate amounts to $2,000 for individuals.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Caring for Americans with Supplemental Help Act of 2020” or the “CASH Act of 2020”.
SEC. 2. Recovery rebate amounts increased.
(a) In general.—Section 6428A of the Internal Revenue Code of 1986, as added by section 272 of the COVID-related Tax Relief Act of 2020, is amended by striking “$600” each place it appears and inserting “$2,000”, and by striking “$1,200” each place it appears and inserting “$4,000”.
(b) Effective date.—The amendments made by this section are contingent upon the enactment of the COVID-related Tax Relief Act of 2020 and shall apply (if at all) as if included in the enactment of section 272 of such Act.
(a) Statutory PAYGO Scorecards.—The budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010.
(b) Senate PAYGO Scorecards.—The budgetary effects of this Act shall not be entered on any PAYGO scorecard maintained for purposes of section 4106 of H. Con. Res. 71 (115th Congress).