Title: Student RELIEF Act of 2020
Policy area: Taxation

Summary:
Student Recovery Eligibility for Low-Income Individuals to Exact Funds Act of 2020 or the Student RELIEF Act of 2020

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7295 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 7295

 To amend the Internal Revenue Code of 1986 to provide an increase in 
the amount of the recovery rebates with respect to certain dependents, 
 including students demonstrating significant financial need, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 22, 2020

  Mr. Rush (for himself, Mr. Cohen, Ms. Jackson Lee, Mr. Panetta, Ms. 
Norton, Mr. Carson of Indiana, Ms. Velazquez, and Mr. Vela) introduced 
  the following bill; which was referred to the Committee on Ways and 
                                 Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to provide an increase in 
the amount of the recovery rebates with respect to certain dependents, 
 including students demonstrating significant financial need, 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 ``Student Recovery Eligibility for 
Low-Income Individuals to Exact Funds Act of 2020'' or the ``Student 
RELIEF Act of 2020''.

SEC. 2. INCREASE IN RECOVERY REBATES WITH RESPECT TO CERTAIN 
              DEPENDENTS.

    (a) In General.--Section 6428(a) of the Internal Revenue Code of 
1986 is amended--
            (1) by striking ``plus'' at the end of paragraph (1);
            (2) in paragraph (2)--
                    (A) by striking ``qualifying children (within the 
                meaning of section 24(c))'' and inserting ``dependents 
                (as defined in section 152)''; and
                    (B) by striking the period and inserting ``who are 
                not described in paragraph (3), plus''; and
            (3) by adding at the end the following:
            ``(3) an amount equal to the product of $1,200 multiplied 
        by the number of dependents (as defined in section 152) who are 
        students (as defined in section 152(f)(2)) who the Secretary of 
        Education has determined eligible for a Federal Pell Grant 
        under subpart 1 of part A of title IV of the Higher Education 
        Act of 1965 (20 U.S.C. 1070a et seq.).''.
    (b) Conforming Amendments.--Section 6428 of such Code is amended--
            (1) by striking ``qualifying child'' each place it appears 
        and inserting ``dependent''; and
            (2) in subsection (g)--
                    (A) in paragraph (1)(C), by striking ``subsection 
                (a)(2)'' and inserting ``subsection (a)''; and
                    (B) in paragraph (2)(B), by striking ``such child'' 
                and inserting ``such dependent''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in section 2201 of the CARES Act.

SEC. 3. APPLICATION TO TAXPAYERS WITH RESPECT TO WHOM ADVANCE PAYMENT 
              HAS ALREADY BEEN MADE.

    In the case of any taxpayer with respect to whom a refund or credit 
was made or allowed before the date of the enactment of this Act under 
subsection (f) of section 6428 of the Internal Revenue Code of 1986 (as 
added by the CARES Act), such subsection shall be applied separately 
with respect to the excess (if any) of--
            (1) the advance refund amount determined under section 
        6428(a) of such Code after the application of the amendments 
        made by this Act, over
            (2) the amount of such refund or credit so made or allowed.
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