Bill > HR6235

This bill establishes a Universal Child Assistance Program that will provide monthly payments to qualifying children in the United States, starting January 1, 2026. The program will be administered by a new Office of Universal Child Assistance within the Social Security Administration, headed by a Deputy Commissioner who will be responsible for determining eligibility, making payments, preventing fraud, and providing public education about the program. A qualifying child must be a U.S. citizen, national, or qualified alien under 19 years old, and will receive a monthly payment calculated based on the annual poverty guideline for a two-person household. The bill also terminates the existing Child Tax Credit and Earned Income Tax Credit after December 31, 2025, and introduces two new tax credits: an Adult Dependent Credit of $700 for dependents over 18, and a Credit for Adults and Families providing $700 for individuals ($1,400 for joint returns) with income-based reductions. Importantly, the child assistance payments will not be counted as income for tax or benefit eligibility purposes, ensuring they do not impact other government assistance programs. The new system aims to provide direct financial support to children and families to help reduce poverty.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6235/all-info