H.R. 1308

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1308 Introduced in House (IH)]

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119th CONGRESS
1st Session
H. R. 1308

To provide monthly payments for eligible pregnant women and parents to 
improve the ability of families to provide for their children and other 
family members, and for other purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

February 13, 2025

Mr. Golden of Maine introduced the following bill; which was referred 
to the Committee on Ways and Means

_______________________________________________________________________

A BILL

To provide monthly payments for eligible pregnant women and parents to 
improve the ability of families to provide for their children and other 
family members, 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 ``Family Income Supplemental Credit 
Act'' or the ``FISC Act''.

SEC. 2. FAMILY INCOME SUPPLEMENTS.

(a) Applications.--
(1) In general.--
(A) Qualified pregnant woman.--A pregnant woman may 
apply to the Commissioner of Social Security (in this 
section referred to as the ``Commissioner'') for 
monthly payments under this section with respect to the 
pregnancy.
(B) Qualified caregiver.--A qualified caregiver of 
an eligible child may apply to the Commissioner for 
monthly payments under this section with respect to the 
eligible child.
(2) Contents.--The application shall contain the following:
(A) Pregnant woman.--
(i) In general.--An application submitted 
pursuant to paragraph (1)(A) shall contain--
(I) the name, residential address, 
and social security account or tax 
identification number of the applicant;
(II) the expected due date of the 
birth;
(III) the name and address of the 
person who is providing pre-natal care 
with respect to the pregnancy;
(IV) a specification of the income 
of the applicant for the then most 
recently ended taxable year of the 
applicant; and
(V) a statement as to whether the 
applicant is married.
(ii) Beginning of pregnancy.--For purposes 
of this section, the date a pregnancy began 
shall be determined on the basis commonly used 
by licensed physicians.
(B) Qualified caregiver.--An application submitted 
pursuant to paragraph (1)(B) shall contain--
(i) the name and residential address of the 
child and of each qualified caregiver of the 
child;
(ii) the age of the child;
(iii) the social security account or tax 
identification number of the child;
(iv) the social security account number or 
tax identification number of each qualified 
caregiver of the child;
(v) a specification of the income of the 
applicant for the then most recently ended 
taxable year of the applicant; and
(vi) a statement as to whether the 
applicant is married.
(b) Definitions.--In this section:
(1) Eligible child.--The term ``eligible child'' means an 
individual who--
(A) has not attained 18 years of age;
(B) has provided not more than half of their own 
financial support during the most recent taxable year 
of the child; and
(C) is a citizen or national of the United States, 
or a permanent resident alien.
(2) Qualified caregiver.--
(A) In general.--The term ``qualified caregiver'' 
means, with respect to a child, an individual who--
(i) has attained 18 years of age;
(ii) resides with the child; and
(iii) provides economic support for the 
child.
(B) Fraud disqualification.--Notwithstanding 
subparagraph (A), the term ``qualified caregiver'' does 
not include an individual if--
(i) the Commissioner, after notice and an 
opportunity for hearing, finds that the 
individual committed fraud in relation to the 
program under this section; and
(ii) the finding has not been reversed or 
vacated by a court of law.
(c) Entitlement.--On approval by the Commissioner of an application 
submitted pursuant to subsection (a), the applicant shall become a 
beneficiary entitled to monthly payments under this section--
(1) for the calendar month in which the application is so 
submitted and each subsequent calendar month, if at any time in 
the month the beneficiary is a pregnant woman whose pregnancy 
has lasted for at least 20 weeks; and
(2) for each calendar month after the calendar month in 
which an eligible child is born, in which the beneficiary is a 
qualified caregiver of the eligible child.
(d) Amount of Monthly Payment.--
(1) In general.--
(A) With respect to a pregnancy.--The amount of the 
monthly payment to a beneficiary under this section 
with respect to a pregnancy shall be $800.
(B) With respect to an eligible child.--The amount 
of the monthly payment to a beneficiary under this 
section with respect to each eligible child shall be--
(i) $400, if the child has not attained 6 
years of age; or
(ii) $250, if the child has attained 6 
years of age.
(2) Marriage bonus.--The total amount of the monthly 
payment to a beneficiary under paragraph (1) shall be increased 
by 20 percent if the beneficiary is--
(A) a married pregnant woman; or
(B) married to a qualified caregiver of an eligible 
child of the beneficiary.
(3) Phase-out.--The total amount of the monthly payment to 
a beneficiary under the preceding provisions of this subsection 
shall be decreased (but not below zero) by $16.67 for each 
whole $1,000 by which--
(A) the adjusted gross income of the beneficiary 
for the then most recently ended taxable year of the 
beneficiary exceeds $125,000; or
(B) if the beneficiary and the spouse of the 
beneficiary filed a joint return of Federal income tax 
for that taxable year, the total adjusted gross income 
of the beneficiary and the spouse of the beneficiary 
for the taxable year exceeds $250,000.
(4) Limitation.--The total amount of the monthly payment to 
a beneficiary under the preceding provisions of this subsection 
shall not exceed \1/12\ of the total adjusted gross income of 
the beneficiary and the spouse (if any) of the beneficiary for 
the then most recently ended taxable year of the beneficiary.
(e) Recipient of Payment.--The Commissioner may make payments under 
the preceding provisions of this section with respect to an eligible 
child to only 1 qualified caregiver of the eligible child.
(f) Provisional Continuation of Benefits for Limited Period in 
Certain Cases.--In the case of a beneficiary under this section with 
respect to a pregnancy that results in the birth of a child--
(1) the entitlement of the beneficiary with respect to the 
pregnancy is deemed to be converted into an entitlement to 
benefits under this section with respect to the child, subject 
to the submission by a qualified caregiver of the child, within 
90 days after the birth, of an application pursuant to 
subsection (a)(1)(B) and the approval by the Commissioner of 
the application; and
(2) the Commissioner--
(A) shall ensure that benefit payments under this 
section to a qualified caregiver of the child are not 
interrupted during that 90-day period; and
(B) may not seek to recover any benefit payment 
made under this section to a qualified caregiver of the 
child on account of the entitlement with respect to the 
child, if such a qualified caregiver does not submit 
such an application within that 90-day period or an 
application so submitted is disapproved.
(g) Administrative Provisions.--
(1) Bureau of family statistics.--There is established in 
the Social Security Administration the Bureau of Family 
Statistics (in this section referred to as the ``Bureau'').
(2) Duties.--The Bureau shall gather and provide to the 
Commissioner such statistical purpose (as defined in section 
3561 of title 44, United States Code) information as is 
necessary to enable the Commissioner to carry out this section.
(h) Regulations.--
(1) In general.--The Commissioner shall prescribe such 
regulations as are necessary to carry out this section.
(2) System for reporting change in status.--The 
Commissioner shall develop and implement a system to allow an 
applicant or beneficiary pursuant to this section to report a 
change in the marital or caregiver status of the applicant or 
beneficiary.
(i) Annual Reports.--The Commissioner shall prepare and submit to 
the Congress annual reports on the activities undertaken under this 
section. Each such report shall, with respect to the then most recently 
completed calendar year--
(1) specify the average length of time from the date the 
Commissioner received an application submitted pursuant to this 
section with respect to a pregnancy or an eligible child to the 
date the 1st payment is made under this section with respect to 
the pregnancy or the eligible child;
(2) include recommendations to reduce the average; and
(3) specify the total of the amounts paid under this 
section in the calendar year.
(j) Appropriation.--Out of any amounts in the Treasury of the 
United States not otherwise appropriated, there are appropriated such 
sums as are necessary to carry out this section.
(k) Effective Date.--This section shall take effect on the 1st day 
of the 1st calendar month that begins 1 year or more after the date of 
the enactment of this section.

SEC. 3. REPEAL OF CHILD TAX CREDIT.

(a) In General.--Subpart A of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by striking section 24 
(and by striking the item relating to such section in the table of 
sections for such subpart).
(b) Conforming Amendments.--
(1) Section 26(b)(2) of such Code is amended by striking 
subparagraph (Z).
(2) Section 45R(f)(3)(B) of such Code is amended to read as 
follows:
``(B) Special rule.--Any amounts paid pursuant to 
an agreement under section 3121(l) (relating to 
agreements entered into by American employers with 
respect to foreign affiliates) which are equivalent to 
the taxes referred to in subparagraph (A) shall be 
treated as taxes referred to in such subparagraph.''.
(3) Section 48D(d)(4) of such Code is amended--
(A) by striking ``possessions.--In the case of'' 
and inserting the following: ``possessions.--
``(A) In general.--In the case of'',
(B) by striking ``(as defined in section 24(k)'', 
and
(C) by adding at the end the following new 
subparagraph:
``(B) Mirror code tax system.--For purposes of this 
paragraph, the term `mirror code tax system' means, 
with respect to any possession of the United States, 
the income tax system of such possession if the income 
tax liability of the residents of such possession under 
such system is determined by reference to the income 
tax laws of the United States as if such possession 
were the United States.''.
(4) Section 152(f)(6)(B) of such Code is amended by 
striking clause (ii).
(5) The second sentence of section 501(c)(26) of such Code 
is amended--
(A) by striking ``(as defined in section 24(c))'', 
and
(B) by adding at the end the following: ``For 
purposes of the preceding sentence, the term 
`qualifying child' has the meaning given such term by 
section 152(c), except such term shall not include any 
individual who has attained the age of 17 or who would 
not be a dependent if subparagraph (A) of section 
152(b)(3) were applied without regard to all that 
follows `resident of the United States'.''.
(6) Section 3402(f)(1) of such Code is amended by striking 
subparagraph (C).
(7) Section 6402(m) of such Code is amended by striking 
``section 24 (by reason of subsection (d) thereof) or''.
(8) Section 6211(b)(4)(A) of such Code is amended by 
striking ``24 by reason of subsections (d) and (i)(1) 
thereof,''.
(9) Section 6417(f) of such Code is amended by striking 
``(as defined in section 24(k))'' and inserting ``(as defined 
in section 48D(d)(4)(B))''.
(10)(A) Chapter 77 of such Code is amended by striking 
section 7527A (and by striking the item relating to such 
section in the table of sections for such chapter).
(B) Section 6211(b)(4)(A) of such Code is amended by 
striking ``7527A,''.
(11) Section 6213(g)(2) of such Code is amended by striking 
subparagraphs (I) and (P).
(12) Section 6695(g)(2) of such Code is amended by striking 
``24,''.
(13) Section 1324(b)(2) of title 31, United States Code, is 
amended by striking ``, 24''.
(c) Effective Date.--
(1) In general.--The amendments made by this section shall 
apply to taxable years beginning after the first taxable year 
during which the 1st calendar month described in section 2(l) 
begins.
(2) Transition rule.--In the case of any such first taxable 
year which does not begin with such 1st calendar month, the 
credit otherwise determined under section 24 of the Internal 
Revenue Code of 1986 shall be reduced to an amount which bears 
the same ratio to the amount of such credit (determined without 
regard to this paragraph) as--
(A) the number of calendar months ending during 
such taxable year before such 1st calendar month, bears 
to
(B) 12.
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