Summary: S.690 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.690. Bill summaries are authored by CRS.

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Introduced in Senate (03/06/2019)

American Family Act of 2019

This bill modifies the child tax credit to (1) make the credit fully refundable, (2) increase the amount of the credit and allow an additional credit for children who are under six years of age, (3) require the amount of the credit to be adjusted annually for inflation, and (4) require the Department of the Treasury to establish a program for making advance payments of the credit on a monthly basis.