S 2018
115th Congress
Senate
Taxation
Income tax credits
Inflation and prices
Tax treatment of families
American Family Act of 2017
Introduced: October 26, 2017
Introduced by:
Bennet, Michael F.
Democratic
· Colorado
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 26, 2017
Read twice and referred to the Committee on Finance.
Oct 26, 2017
Introduced in Senate
Plain-English summary
American Family Act of 2017
This bill amends the Internal Revenue Code, with respect to the child tax credit, to: (1) make the credit fully refundable, (2) increase the amount of the credit and allow an additional credit for children who are under six years of age, (3) require the amount of the credit to be adjusted annually for inflation after 2017, and (4) require the Department of the Treasury to establish a program for making advance payments of the credit on a monthly basis.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1