Bill · H.R. 1308· House(119-HR-1308)
FISC Act
- Introduced
- 2/13/2025
- Last activity
- 2/13/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Jared Golden
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Family Income Supplemental Credit Act, or FISC Act, aims to provide monthly payments to eligible pregnant women and parents to help families provide for their children. Pregnant women can receive $800 per month once their pregnancy has lasted at least 20 weeks. Caregivers of eligible children can receive $400 per month for children under age 6, or $250 for those age 6 and older. The bill includes a 20 percent marriage bonus for married applicants or those married to a qualified caregiver. Payments are subject to a phase-out based on adjusted gross income and a specific cap. Additionally, this act repeals the existing Child Tax Credit.
Yes· 3 of 6
Would children be better off under this?+7
The bill provides direct monthly financial support to parents and caregivers of children.
Would households on low incomes be better off under this?+7
Low-income families receive direct monthly cash assistance for pregnancy and childcare.
Would women be better off under this?+6
The bill specifically provides monthly payments to qualified pregnant women.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Financial Assistance for Pregnant Women: Qualified pregnant women can receive $800 monthly payments once the pregnancy has reached at least 20 weeks (Section 2(c)(1)(A)).
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Financial Assistance for Children: Caregivers of eligible children can receive monthly payments of $400 if the child is under 6 years old, or $250 if the child is 6 years or older (Section 2(d)(1)).
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Support for Married Families: A 20 percent marriage bonus is added to the total monthly payment if the beneficiary is a married pregnant woman or is married to a qualified caregiver of an eligible child (Section 2(d)(2)).
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Benefit Continuity: To prevent gaps in support, the bill ensures that benefit payments for a caregiver are not interrupted during the 90-day period after a birth while a new application is processed (Section 2(f)(2)(A)).
Potential Negative Impacts for People
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Income Phase-Out: Monthly payments are reduced by $16.67 for every $1,000 that an individual's adjusted gross income exceeds $125,000, or $250,000 for joint returns (Section 2(d)(3)).
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Payment Limitations: Total monthly payments are capped and cannot exceed 1/12 of the total adjusted gross income of the beneficiary and their spouse (Section 2(d)(4)).
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Repeal of Existing Credits: The bill strikes section 24 of the Internal Revenue Code, which effectively repeals the existing Child Tax Credit (Section 3(a)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Children+7Good For Low Income Households+7Good For Women+6Good For Middle Class Households+2
- Social Issues And Justice
- Improves Poverty Reduction+6Improves Childcare Affordability+5
- 2/13/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House