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US S1869

US S1869
A bill to repeal section 403 of the Bipartisan Budget Act of 2013, relating to an annual adjustment of retired pay for members of the Armed Forces under the age of 62, and to provide an offset.


summary

Introduced
12/19/2013
In Committee
12/19/2013
Crossed Over
Passed
Dead
01/03/2015

Introduced Session

113th Congress

Bill Summary

A bill to repeal section 403 of the Bipartisan Budget Act of 2013, relating to an annual adjustment of retired pay for members of the Armed Forces under the age of 62, and to provide an offset.

AI Summary

This bill, titled the "Keeping Our Promise to Our Military Heroes Act," aims to repeal Section 403 of the Bipartisan Budget Act of 2013, which previously mandated an annual adjustment to the retired pay of Armed Forces members under the age of 62, effectively reducing their retirement benefits. By repealing this section, the bill seeks to restore the full retired pay for these service members. Additionally, the bill introduces new requirements for claiming the refundable portion of the Child Tax Credit, stipulating that taxpayers must include their Social Security number on their tax return for the credit to apply, with provisions for joint returns and a limitation based on the tentative minimum tax.

Committee Categories

Budget and Finance

Sponsors (22)

Last Action

Read twice and referred to the Committee on Finance. (on 12/19/2013)

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