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S. 2018

American Family Act of 2017

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.

Read twice and referred to the Committee on Finance.

Sen. Bennet, Michael F. [D-CO](D-CO)Sponsor
10 cosponsors10 D
10cosponsors1committees2actions3subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

American Family Act of 2017 — Informed