Text: H.R.5114 — 116th Congress (2019-2020)All Information (Except Text)

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Introduced in House (11/15/2019)


116th CONGRESS
1st Session
H. R. 5114


To amend title 31, United States Code, to limit the amount that the portion of a taxpayer’s tax refund attributable to the child tax credit and the earned income tax credit may be reduced by reason of student loan debt.


IN THE HOUSE OF REPRESENTATIVES

November 15, 2019

Ms. Garcia of Texas (for herself, Ms. Norton, Ms. Lee of California, Ms. Escobar, Ms. Jayapal, Ms. Tlaib, Ms. Haaland, Mrs. Watson Coleman, Mr. Evans, Ms. Ocasio-Cortez, Mr. Cox of California, Mr. Soto, and Mr. Grijalva) introduced the following bill; which was referred to the Committee on Oversight and Reform, and in addition to the Committee on Ways and Means, 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 title 31, United States Code, to limit the amount that the portion of a taxpayer’s tax refund attributable to the child tax credit and the earned income tax credit may be reduced by reason of student loan debt.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

(a) Short title.—This Act may be cited as the “Stop EITC and CTC Seizures Act”.

SEC. 2. Limitation on reduction of certain portions of tax refund by amount of student loan debt.

(a) In general.—Section 3720A of title 31, United States Code, is amended by adding at the end the following new subsection:

“(j) The Secretary of the Treasury may not reduce under subsection (c), by reason of student loan debt, a refund of Federal taxes paid that is payable to a taxpayer to the extent such reduction would cause such refund to be less than the sum of credits allowed under subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 by reason of sections 24 and 32 of such Code. For purposes of the previous sentence, the Secretary of the Treasury shall determine the amount of the reduction under subsection (c) that is by reason of student loan debt and the amount of the refund that is being reduced after applying all other reductions under such subsection.”.

(b) Effective date.—The amendments made by this section shall apply to refunds of Federal taxes paid for taxable years beginning after the date of the enactment of this Act.


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