Student RELIEF Act of 2020

I 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. VELA´ZQUEZ, and Mr. VELA) intro- duced 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 dem- onstrating significant financial need, and for other pur- poses. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Student Recovery Eli- 4 gibility for Low-Income Individuals to Exact Funds Act 5 of 2020’’ or the ‘‘Student RELIEF Act of 2020’’. 6 VerDate Sep 11 2014 00:31 Jul 11, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H7295.IH H7295 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 7295 IH SEC. 2. INCREASE IN RECOVERY REBATES WITH RESPECT 1 TO CERTAIN DEPENDENTS. 2 (a) IN GENERAL.—Section 6428(a) of the Internal 3 Revenue Code of 1986 is amended— 4 (1) by striking ‘‘plus’’ at the end of paragraph 5 (1); 6 (2) in paragraph (2)— 7 (A) by striking ‘‘qualifying children (within 8 the meaning of section 24(c))’’ and inserting 9 ‘‘dependents (as defined in section 152)’’; and 10 (B) by striking the period and inserting 11 ‘‘who are not described in paragraph (3), plus’’; 12 and 13 (3) by adding at the end the following: 14 ‘‘(3) an amount equal to the product of $1,200 15 multiplied by the number of dependents (as defined 16 in section 152) who are students (as defined in sec- 17 tion 152(f)(2)) who the Secretary of Education has 18 determined eligible for a Federal Pell Grant under 19 subpart 1 of part A of title IV of the Higher Edu- 20 cation Act of 1965 (20 U.S.C. 1070a et seq.).’’. 21 (b) CONFORMING AMENDMENTS.—Section 6428 of 22 such Code is amended— 23 (1) by striking ‘‘qualifying child’’ each place it 24 appears and inserting ‘‘dependent’’; and 25 (2) in subsection (g)— 26 VerDate Sep 11 2014 00:31 Jul 11, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H7295.IH H7295 kjohnson on DSK79L0C42PROD with BILLS 3 •HR 7295 IH (A) in paragraph (1)(C), by striking ‘‘sub- 1 section (a)(2)’’ and inserting ‘‘subsection (a)’’; 2 and 3 (B) in paragraph (2)(B), by striking ‘‘such 4 child’’ and inserting ‘‘such dependent’’. 5 (c) EFFECTIVE DATE.—The amendments made by 6 this section shall take effect as if included in section 2201 7 of the CARES Act. 8 SEC. 3. APPLICATION TO TAXPAYERS WITH RESPECT TO 9 WHOM ADVANCE PAYMENT HAS ALREADY 10 BEEN MADE. 11 In the case of any taxpayer with respect to whom a 12 refund or credit was made or allowed before the date of 13 the enactment of this Act under subsection (f) of section 14 6428 of the Internal Revenue Code of 1986 (as added by 15 the CARES Act), such subsection shall be applied sepa- 16 rately with respect to the excess (if any) of— 17 (1) the advance refund amount determined 18 under section 6428(a) of such Code after the appli- 19 cation of the amendments made by this Act, over 20 (2) the amount of such refund or credit so 21 made or allowed. 22 Æ VerDate Sep 11 2014 00:31 Jul 11, 2020 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H7295.IH H7295 kjohnson on DSK79L0C42PROD with BILLS