CASH Act of 2020

II Calendar No. 645 116TH CONGRESS 2D SESSION H. R. 9051 IN THE SENATE OF THE UNITED STATES DECEMBER 29, 2020 Received; read the first time DECEMBER 30, 2020 Read the second time and placed on the calendar AN ACT To amend the Internal Revenue Code of 1986 to increase recovery rebate amounts to $2,000 for individuals, and for other purposes. 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 ‘‘Caring for Americans 4 with Supplemental Help Act of 2020’’ or the ‘‘CASH Act 5 of 2020’’. 6 SEC. 2. RECOVERY REBATE AMOUNTS INCREASED. 7 (a) IN GENERAL.—Section 6428A of the Internal 8 Revenue Code of 1986, as added by the COVID-related 9 VerDate Sep 11 2014 21:14 Dec 30, 2020 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H9051.PCS H9051 pamtmann on DSKBC07HB2PROD with BILLS 2 HR 9051 PCS Tax Relief Act of 2020, is amended by striking ‘‘$600’’ 1 each place it appears and inserting ‘‘$2,000’’, and by 2 striking ‘‘$1,200’’ each place it appears and inserting 3 ‘‘$4,000’’. 4 (b) EFFECTIVE DATE.—The amendments made by 5 this section are contingent upon the enactment of the 6 COVID-related Tax Relief Act of 2020 and shall apply 7 (if at all) as if included in the enactment of section 272 8 of such Act. 9 SEC. 3. DEPENDENTS TAKEN INTO ACCOUNT IN DETER- 10 MINING CREDIT AND REBATES. 11 (a) RECOVERY REBATES.— 12 (1) IN GENERAL.—Section 6428(a)(2) of the 13 Internal Revenue Code of 1986 is amended by strik- 14 ing ‘‘qualifying children (within the meaning of sec- 15 tion 24(c))’’ and inserting ‘‘dependents (as defined 16 in section 152)’’. 17 (2) CONFORMING AMENDMENTS.— 18 (A) Section 6428(f)(2) of such Code is 19 amended by inserting ‘‘and subsection (a)(2) 20 were applied by substituting ‘qualifying children 21 (within the meaning of section 24(c))’ for ‘de- 22 pendent (as defined in section 152)’ ’’ before 23 the period at the end. 24 VerDate Sep 11 2014 21:14 Dec 30, 2020 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H9051.PCS H9051 pamtmann on DSKBC07HB2PROD with BILLS 3 HR 9051 PCS (B) Section 6428(g) of such Code, as 1 amended by the COVID-related Tax Relief Act 2 of 2020, is amended— 3 (i) in paragraph (1), by striking 4 ‘‘qualifying child’’ each place it appears 5 and inserting ‘‘dependent’’, 6 (ii) in paragraph (2)(C), by inserting 7 ‘‘(determined after the application of sub- 8 section (f)(2))’’ after ‘‘subsection (a)(2)’’, 9 and 10 (iii) in paragraph (3)(B), by inserting 11 ‘‘or dependent’’ after ‘‘child’’ both places it 12 appears. 13 (3) EFFECTIVE DATE.—The amendments made 14 by this subsection are contingent upon the enact- 15 ment of the COVID-related Tax Relief Act of 2020 16 and shall apply (if at all) as if included in the enact- 17 ment of section 273 of such Act. 18 (b) ADDITIONAL 2020 RECOVERY REBATES.— 19 (1) IN GENERAL.—Section 6428A(a)(2) of the 20 Internal Revenue Code of 1986, as added by the 21 COVID-related Tax Relief Act of 2020, is amended 22 by striking ‘‘qualifying children (within the meaning 23 of section 24(c))’’ and inserting ‘‘dependents (as de- 24 fined in section 152)’’. 25 VerDate Sep 11 2014 21:14 Dec 30, 2020 Jkt 019200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H9051.PCS H9051 pamtmann on DSKBC07HB2PROD with BILLS 4 HR 9051 PCS (2) AUTHORITY TO MAKE ADVANCE REFUNDS 1 WITHOUT REGARD TO MODIFIED DEFINITION OF DE- 2 PENDENT.—Section 6428A(f) of such Code is 3 amended by adding at the end the following new 4 paragraph: 5 ‘‘(7) AUTHORITY TO MAKE ADVANCE REFUNDS 6 WITHOUT REGARD TO MODIFIED DEFINITION OF DE- 7 PENDENT.—To the extent the Secretary determines 8 appropriate to make or allow the maximum number 9 of advance refunds by the deadline described in 10 paragraph (3)(A)(ii), the Secretary may determine 11 the advance refund amounts under this subsection 12 without regard to the amendments made by para- 13 graphs (1) and (3) of section 3(b) of the CASH Act 14 of 2020.’’. 15 (3) CONFORMING AMENDMENTS.— 16 (A) Section 6428A(f)(2)(B) of such Code 17 is amended by striking ‘‘qualifying child’’ and 18 inserting ‘‘dependent’’. 19 (B) Section 6428A(g) of such Code is 20 amended by striking ‘‘qualifying child’’ each 21 place it appears and inserting ‘‘dependent’’. 22 (C) Section 6428A(g)(4)(B) of such Code 23 is amended by striking ‘‘such child’’ and insert- 24 ing ‘‘such dependent’’. 25 VerDate Sep 11 2014 21:14 Dec 30, 2020 Jkt 019200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\H9051.PCS H9051 pamtmann on DSKBC07HB2PROD with BILLS 5 HR 9051 PCS (4) EFFECTIVE DATE.—The amendments made 1 by this subsection are contingent upon the enact- 2 ment of the COVID-related Tax Relief Act of 2020 3 and shall apply (if at all) as if included in the enact- 4 ment of section 272 of such Act. 5 SEC. 4. BUDGETARY EFFECTS. 6 (a) STATUTORY PAYGO SCORECARDS.—The budg- 7 etary effects of this Act shall not be entered on either 8 PAYGO scorecard maintained pursuant to section 4(d) of 9 the Statutory Pay-As-You-Go Act of 2010. 10 (b) SENATE PAYGO SCORECARDS.—The budgetary 11 effects of this Act shall not be entered on any PAYGO 12 scorecard maintained for purposes of section 4106 of H. 13 Con. Res. 71 (115th Congress). 14 Passed the House of Representatives December 28, 2020. Attest: CHERYL L. JOHNSON, Clerk. VerDate Sep 11 2014 21:14 Dec 30, 2020 Jkt 019200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\H9051.PCS H9051 pamtmann on DSKBC07HB2PROD with BILLS Calendar No. 645 116TH CONGRESS 2D SESSION H. R. 9051 AN ACT To amend the Internal Revenue Code of 1986 to increase recovery rebate amounts to $2,000 for individuals, and for other purposes. DECEMBER 30, 2020 Read the second time and placed on the calendar VerDate Sep 11 2014 21:14 Dec 30, 2020 Jkt 019200 PO 00000 Frm 00006 Fmt 6651 Sfmt 6651 E:\BILLS\H9051.PCS H9051 pamtmann on DSKBC07HB2PROD with BILLS