American Family Act
American Family Act
Plain Language Summary
# American Family Act Summary The American Family Act (S 1393) is a proposed bill that would establish a new federal tax credit for families with children. The bill is currently in committee, meaning it hasn't yet been debated or voted on by the full Senate. Senator Michael Bennet from Colorado introduced this legislation in the current Congressional session. While specific details about this particular version aren't fully described in the information provided, bills with this title historically have aimed to provide monthly cash payments or expanded tax credits to families with dependent children.
Such proposals typically affect lower and middle-income families and would require funding through the federal budget. The bill would likely be administered through the IRS or a similar agency. **Current Status:** The bill remains in committee review. To become law, it would need to pass committee review, survive floor debate and voting in the Senate, be approved by the House, and receive the President's signature. *Note: For complete details on specific provisions (payment amounts, eligibility requirements, and funding mechanisms), consult the full bill text on Congress.gov.*.
Latest Action
Read twice and referred to the Committee on Finance.