H.R.413 - Child Support Reserve Trust Act107th Congress (2001-2002)
|Sponsor:||Rep. Andrews, Robert E. [D-NJ-1] (Introduced 02/06/2001)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 02/14/2001 Referred to the Subcommittee on Human Resources. (All Actions)|
This bill has the status Introduced
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Summary: H.R.413 — 107th Congress (2001-2002)All Information (Except Text)
Child Support Reserve Trust Act - Amends part D (Child Support and Establishment of Paternity) of title IV of the Social Security Act to require a State plan for child and spousal support to provide that, as of January 1, 2001, the State agency will have in effect a State reserve trust system that requires: (1) the use of certain procedures; and (2) establishes a State reserve trust unit to implement them.
Introduced in House (02/06/2001)
Requires a State reserve unit to: (1) withhold the net proceeds from the sale or refinancing of real property in the State against which a lien exists for overdue child support by the seller or refinancer, without regard to whether such lien has ever been extinguished; (2) apply the net proceeds to any overdue support owed by such person; (3) hold a certain amount of such proceeds in trust for the benefit of the child or children for whom the person has a support obligation (anticipated future child support); and (4) apply such amounts to satisfy such overdue child support, if other available remedies are insufficient to do so.