CASH Act of 2020

Bill: 116-hr-9047
Sponsor: full_name: Rep. Neal, Richard E. [D-MA-1]
Introduced: 2020-12-24
Policy area: Taxation
Subjects: Cardiovascular and respiratory health

Emergency medical services and trauma care

Income tax credits

Infectious and parasitic diseases

Tax administration and collection, taxpayers
Latest action: action_date: 2020-12-24
text: 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.

Summaries:
action_date: 2020-12-24
action_desc: Introduced in House
text: <p><b>Caring for Americans with Supplemental Help Act of 2020 or the CASH Act of 2020</b></p> <p>This bill amends the COVID-related Tax Relief Act of 2020 to increase the recovery rebate amount for individual taxpayers to $2,000 ($4,000 for joint return filers). </p>

tv_txt: I 116th CONGRESS 2d Session H. R. 9047 IN THE HOUSE OF REPRESENTATIVES 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 A BILL To amend section 6428A of the Internal Revenue Code of 1986 to increase recovery rebate amounts to $2,000 for individuals.

1. Short title This Act may be cited as the Caring for Americans with Supplemental Help Act of 2020 or the CASH Act of 2020 . 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. 3. Budgetary effects (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).