To amend the Social Security Act to require that anticipated child support be held in trust on the sale or refinancing of certain real property of an obligated parent.
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, 2006, 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.
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) hold a certain amount of such proceeds (anticipated future child support) in trust for the benefit of the child or children for whom the person has a support obligation; and (3) apply such amounts to satisfy such overdue child support, if all other available remedies are insufficient to do so.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Human Resources.
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