H.R. 9047

CASH Act of 2020

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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).