Bill > HR6900

This bill, the American Affordability Act of 2025, aims to address the nation's cost-of-living crisis by introducing various tax incentives and reforms primarily focused on housing, energy, child care, education, and healthcare. Key provisions include increasing allocations for the Low-Income Housing Credit, expanding eligibility for housing assistance, and introducing new credits for converting non-residential buildings to affordable housing and for neighborhood home development. The bill also seeks to lower energy costs by restoring and extending tax credits for clean energy production and investment, supporting advanced manufacturing, and providing incentives for electric vehicles and charging infrastructure. For families, it proposes a refundable child tax credit with monthly advance payments, an enhanced child and dependent care tax credit, and a new credit for working family caregivers. Educational affordability is addressed by expanding the American Opportunity Tax Credit, making it temporarily fully refundable, and excluding Pell Grants from income. The bill also includes provisions to lower healthcare costs by increasing eligibility for health insurance premium assistance tax credits, filling the coverage gap for low-income individuals, and freezing premium adjustment increases. Additionally, it introduces credits for clean infrastructure projects, such as water reuse and recycling, and for disaster mitigation expenditures, alongside a new credit for electric bicycles. The bill also modifies the treatment of student loan forgiveness and student loan interest deductions, enhances deductions for educators and employees, and makes the adoption tax credit refundable. Finally, it aims to ensure coverage of certain immunizations recommended by the Advisory Committee on Immunization Practices across various health insurance plans.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6900/all-info