CASH Act of 2020

Caring for Americans with Supplemental Help Act of 2020 or the CASH Act of 2020

This bill amends the COVID-related Tax Relief Act of 2020 to increase the recovery rebate amount for individual taxpayers to $2,000 ($4,000 for joint return filers).

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9047 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 9047

To amend section 6428A of the Internal Revenue Code of 1986 to increase 
           recovery rebate amounts to $2,000 for individuals.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 24, 2020

   Mr. Neal introduced the following bill; which was referred to the 
 Committee on Ways and Means, and in addition to the Committee on the 
 Budget, 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 section 6428A of the Internal Revenue Code of 1986 to increase 
           recovery rebate amounts to $2,000 for individuals.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Caring for Americans with 
Supplemental Help Act of 2020'' or the ``CASH Act of 2020''.

SEC. 2. RECOVERY REBATE AMOUNTS INCREASED.

    (a) In General.--Section 6428A of the Internal Revenue Code of 
1986, as added by section 272 of the COVID-related Tax Relief Act of 
2020, is amended by striking ``$600'' each place it appears and 
inserting ``$2,000'', and by striking ``$1,200'' each place it appears 
and inserting ``$4,000''.
    (b) Effective Date.--The amendments made by this section are 
contingent upon the enactment of the COVID-related Tax Relief Act of 
2020 and shall apply (if at all) as if included in the enactment of 
section 272 of such Act.

SEC. 3. BUDGETARY EFFECTS.

    (a) Statutory PAYGO Scorecards.--The budgetary effects of this Act 
shall not be entered on either PAYGO scorecard maintained pursuant to 
section 4(d) of the Statutory Pay-As-You-Go Act of 2010.
    (b) Senate PAYGO Scorecards.--The budgetary effects of this Act 
shall not be entered on any PAYGO scorecard maintained for purposes of 
section 4106 of H. Con. Res. 71 (115th Congress).
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