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US S1977

US S1977
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
01/30/2014
In Committee
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 Honor Our Promise Act, proposes to repeal Section 403 of the Bipartisan Budget Act of 2013, which had previously mandated an annual adjustment to the retired pay of Armed Forces members under the age of 62. By repealing this section, the bill aims to restore the full retired pay for these service members without the previously enacted reduction. Additionally, the bill includes provisions related to the Child Tax Credit, requiring a Social Security Number (SSN) to claim the refundable portion of this credit, and treating the omission of a correct SSN or Taxpayer Identification Number (TIN) as a mathematical or clerical error for tax purposes.

Sponsors (16)

Last Action

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 300. (on 02/03/2014)

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