119-hr1308

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1308 Introduced in House

    (IH) ]

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119th CONGRESS
 1st Session
 H. R. 1308

To provide monthly payments for eligible pregnant women and parents to 
improve the ability of families to provide for their children and other 
 family members, and for other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 February 13, 2025

 Mr. Golden of Maine introduced the following bill; which was referred 
 to the Committee on Ways and Means

_______________________________________________________________________

 A BILL

To provide monthly payments for eligible pregnant women and parents to 
improve the ability of families to provide for their children and other 
 family members, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Family Income Supplemental Credit 
Act'' or the ``FISC Act''.

SEC. 2. FAMILY INCOME SUPPLEMENTS.

    (a) Applications.--

    (1) In general.--
        (A) Qualified pregnant woman.--A pregnant woman may 
 apply to the Commissioner of Social Security (in this 
 section referred to as the ``Commissioner'') for 
 monthly payments under this section with respect to the 
 pregnancy.
        (B) Qualified caregiver.--A qualified caregiver of 
 an eligible child may apply to the Commissioner for 
 monthly payments under this section with respect to the 
 eligible child.

    (2) Contents.--The application shall contain the following:
        (A) Pregnant woman.--
            (i) In general.--An application submitted 
 pursuant to paragraph

    (1)
        (A) shall contain--
            (I) the name, residential address, 
 and social security account or tax 
 identification number of the applicant;
            (II) the expected due date of the 
 birth;
            (III) the name and address of the 
 person who is providing pre-natal care 
 with respect to the pregnancy;
            (IV) a specification of the income 
 of the applicant for the then most 
 recently ended taxable year of the 
 applicant; and
            (V) a statement as to whether the 
 applicant is married.
            (ii) Beginning of pregnancy.--For purposes 
 of this section, the date a pregnancy began 
 shall be determined on the basis commonly used 
 by licensed physicians.
        (B) Qualified caregiver.--An application submitted 
 pursuant to paragraph

    (1)
        (B) shall contain--
            (i) the name and residential address of the 
 child and of each qualified caregiver of the 
 child;
            (ii) the age of the child;
            (iii) the social security account or tax 
 identification number of the child;
            (iv) the social security account number or 
 tax identification number of each qualified 
 caregiver of the child;
            (v) a specification of the income of the 
 applicant for the then most recently ended 
 taxable year of the applicant; and
            (vi) a statement as to whether the 
 applicant is married.

    (b) 

=== Definitions. ===
-In this section:

    (1) Eligible child.--The term ``eligible child'' means an 
 individual who--
        (A) has not attained 18 years of age;
        (B) has provided not more than half of their own 
 financial support during the most recent taxable year 
 of the child; and
            (C) is a citizen or national of the United States, 
 or a permanent resident alien.

    (2) Qualified caregiver.--
        (A) In general.--The term ``qualified caregiver'' 
 means, with respect to a child, an individual who--
            (i) has attained 18 years of age;
            (ii) resides with the child; and
            (iii) provides economic support for the 
 child.
        (B) Fraud disqualification.--Notwithstanding 
 subparagraph
        (A) , the term ``qualified caregiver'' does 
 not include an individual if--
            (i) the Commissioner, after notice and an 
 opportunity for hearing, finds that the 
 individual committed fraud in relation to the 
 program under this section; and
            (ii) the finding has not been reversed or 
 vacated by a court of law.
            (c) Entitlement.--On approval by the Commissioner of an application 
submitted pursuant to subsection

    (a) , the applicant shall become a 
beneficiary entitled to monthly payments under this section--

    (1) for the calendar month in which the application is so 
 submitted and each subsequent calendar month, if at any time in 
 the month the beneficiary is a pregnant woman whose pregnancy 
 has lasted for at least 20 weeks; and

    (2) for each calendar month after the calendar month in 
 which an eligible child is born, in which the beneficiary is a 
 qualified caregiver of the eligible child.
            (d) Amount of Monthly Payment.--

    (1) In general.--
        (A) With respect to a pregnancy.--The amount of the 
 monthly payment to a beneficiary under this section 
 with respect to a pregnancy shall be $800.
        (B) With respect to an eligible child.--The amount 
 of the monthly payment to a beneficiary under this 
 section with respect to each eligible child shall be--
            (i) $400, if the child has not attained 6 
 years of age; or
            (ii) $250, if the child has attained 6 
 years of age.

    (2) Marriage bonus.--The total amount of the monthly 
 payment to a beneficiary under paragraph

    (1) shall be increased 
 by 20 percent if the beneficiary is--
        (A) a married pregnant woman; or
        (B) married to a qualified caregiver of an eligible 
 child of the beneficiary.

    (3) Phase-out.--The total amount of the monthly payment to 
 a beneficiary under the preceding provisions of this subsection 
 shall be decreased (but not below zero) by $16.67 for each 
 whole $1,000 by which--
        (A) the adjusted gross income of the beneficiary 
 for the then most recently ended taxable year of the 
 beneficiary exceeds $125,000; or
        (B) if the beneficiary and the spouse of the 
 beneficiary filed a joint return of Federal income tax 
 for that taxable year, the total adjusted gross income 
 of the beneficiary and the spouse of the beneficiary 
 for the taxable year exceeds $250,000.

    (4) Limitation.--The total amount of the monthly payment to 
 a beneficiary under the preceding provisions of this subsection 
 shall not exceed \1/12\ of the total adjusted gross income of 
 the beneficiary and the spouse (if any) of the beneficiary for 
 the then most recently ended taxable year of the beneficiary.

    (e) Recipient of Payment.--The Commissioner may make payments under 
the preceding provisions of this section with respect to an eligible 
child to only 1 qualified caregiver of the eligible child.

    (f) Provisional Continuation of Benefits for Limited Period in 
Certain Cases.--In the case of a beneficiary under this section with 
respect to a pregnancy that results in the birth of a child--

    (1) the entitlement of the beneficiary with respect to the 
 pregnancy is deemed to be converted into an entitlement to 
 benefits under this section with respect to the child, subject 
 to the submission by a qualified caregiver of the child, within 
 90 days after the birth, of an application pursuant to 
 subsection

    (a)

    (1)
        (B) and the approval by the Commissioner of 
 the application; and

    (2) the Commissioner--
        (A) shall ensure that benefit payments under this 
 section to a qualified caregiver of the child are not 
 interrupted during that 90-day period; and
        (B) may not seek to recover any benefit payment 
 made under this section to a qualified caregiver of the 
 child on account of the entitlement with respect to the 
 child, if such a qualified caregiver does not submit 
 such an application within that 90-day period or an 
 application so submitted is disapproved.

    (g) Administrative Provisions.--

    (1) Bureau of family statistics.--There is established in 
 the Social Security Administration the Bureau of Family 
 Statistics (in this section referred to as the ``Bureau'').

    (2) Duties.--The Bureau shall gather and provide to the 
 Commissioner such statistical purpose (as defined in 

section 3561 of title 44, United States Code) information as is 
 necessary to enable the Commissioner to carry out this section.

    (h) Regulations.--

    (1) In general.--The Commissioner shall prescribe such 
 regulations as are necessary to carry out this section.

    (2) System for reporting change in status.--The 
 Commissioner shall develop and implement a system to allow an 
 applicant or beneficiary pursuant to this section to report a 
 change in the marital or caregiver status of the applicant or 
 beneficiary.
            (i) Annual Reports.--The Commissioner shall prepare and submit to 
the Congress annual reports on the activities undertaken under this 
section. Each such report shall, with respect to the then most recently 
completed calendar year--

    (1) specify the average length of time from the date the 
 Commissioner received an application submitted pursuant to this 
 section with respect to a pregnancy or an eligible child to the 
 date the 1st payment is made under this section with respect to 
 the pregnancy or the eligible child;

    (2) include recommendations to reduce the average; and

    (3) specify the total of the amounts paid under this 
 section in the calendar year.

    (j) Appropriation.--Out of any amounts in the Treasury of the 
United States not otherwise appropriated, there are appropriated such 
sums as are necessary to carry out this section.

    (k) Effective Date.--This section shall take effect on the 1st day 
of the 1st calendar month that begins 1 year or more after the date of 
the enactment of this section.

SEC. 3. REPEAL OF CHILD TAX CREDIT.

    (a) In General.--Subpart A of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by striking 

section 24 
(and by striking the item relating to such section in the table of 
sections for such subpart).

    (b) Conforming Amendments.--

    (1) Section 26

    (b)

    (2) of such Code is amended by striking 
 subparagraph
        (Z) .

    (2) Section 45R

    (f)

    (3)
        (B) of such Code is amended to read as 
 follows:
 ``
        (B) Special rule.--Any amounts paid pursuant to 
 an agreement under 

section 3121
            (l) (relating to 
 agreements entered into by American employers with 
 respect to foreign affiliates) which are equivalent to 
 the taxes referred to in subparagraph
        (A) shall be 
 treated as taxes referred to in such subparagraph.''.

    (3) Section 48D
            (d) (4) of such Code is amended--
        (A) by striking ``possessions.--In the case of'' 
 and inserting the following: ``possessions.--
 ``
        (A) In general.--In the case of'',
        (B) by striking ``(as defined in 

section 24

    (k) '', 
 and
            (C) by adding at the end the following new 
 subparagraph:
 ``
        (B) Mirror code tax system.--For purposes of this 
 paragraph, the term `mirror code tax system' means, 
 with respect to any possession of the United States, 
 the income tax system of such possession if the income 
 tax liability of the residents of such possession under 
 such system is determined by reference to the income 
 tax laws of the United States as if such possession 
 were the United States.''.

    (4) Section 152

    (f)

    (6)
        (B) of such Code is amended by 
 striking clause
            (ii) .

    (5) The second sentence of 

section 501
            (c) (26) of such Code 
 is amended--
        (A) by striking ``(as defined in 

section 24
            (c) )'', 
 and
        (B) by adding at the end the following: ``For 
 purposes of the preceding sentence, the term 
 `qualifying child' has the meaning given such term by 
 

section 152
            (c) , except such term shall not include any 
 individual who has attained the age of 17 or who would 
 not be a dependent if subparagraph
        (A) of 

section 152

    (b)

    (3) were applied without regard to all that 
 follows `resident of the United States'.''.

    (6) Section 3402

    (f)

    (1) of such Code is amended by striking 
 subparagraph
            (C) .

    (7) Section 6402
            (m) of such Code is amended by striking 
 ``

section 24 (by reason of subsection
            (d) thereof) or''.

    (8) Section 6211

    (b)

    (4)
        (A) of such Code is amended by 
 striking ``24 by reason of subsections
            (d) and
            (i) (1) thereof,''.

    (9) Section 6417

    (f) of such Code is amended by striking 
 ``(as defined in 

section 24

    (k) )'' and inserting ``(as defined 
 in 

section 48D
            (d) (4)
        (B) )''.

    (10)
        (A) Chapter 77 of such Code is amended by striking 
 

section 7527A (and by striking the item relating to such 
 section in the table of sections for such chapter).
        (B) Section 6211

    (b)

    (4)
        (A) of such Code is amended by 
 striking ``7527A,''.

    (11) Section 6213

    (g)

    (2) of such Code is amended by striking 
 subparagraphs
            (I) and
        (P) .

    (12) Section 6695

    (g)

    (2) of such Code is amended by striking 
 ``24,''.

    (13) Section 1324

    (b)

    (2) of title 31, United States Code, is 
 amended by striking ``, 24''.
            (c) Effective Date.--

    (1) In general.--The amendments made by this section shall 
 apply to taxable years beginning after the first taxable year 
 during which the 1st calendar month described in 

section 2
            (l) begins.

    (2) Transition rule.--In the case of any such first taxable 
 year which does not begin with such 1st calendar month, the 
 credit otherwise determined under 

section 24 of the Internal 
 Revenue Code of 1986 shall be reduced to an amount which bears 
 the same ratio to the amount of such credit (determined without 
 regard to this paragraph) as--
        (A) the number of calendar months ending during 
 such taxable year before such 1st calendar month, bears 
 to
        (B) 12.
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