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End Child Poverty Act
12/21/2024, 9:05 AM
Summary of Bill HR 2540
The End Child Poverty Act, also known as Bill 118 hr 2540, is a piece of legislation introduced in the US Congress with the goal of reducing and ultimately eliminating child poverty in the United States. The bill aims to address the root causes of child poverty by implementing a comprehensive strategy that includes increasing access to affordable housing, expanding access to high-quality education and childcare, and providing support for low-income families.
Specifically, the End Child Poverty Act proposes the establishment of a National Child Poverty Target, which would set a goal for reducing child poverty by a certain percentage over a specified period of time. The bill also calls for the creation of a National Child Poverty Commission, which would be responsible for developing and implementing a national strategy to achieve the target.
Additionally, the End Child Poverty Act includes provisions to increase funding for programs that support low-income families, such as the Supplemental Nutrition Assistance Program (SNAP) and the Temporary Assistance for Needy Families (TANF) program. The bill also seeks to improve access to affordable healthcare for children and families, as well as to expand access to high-quality early childhood education and childcare. Overall, the End Child Poverty Act is a comprehensive piece of legislation that aims to address the systemic issues that contribute to child poverty in the United States. By implementing a national strategy and increasing support for low-income families, the bill seeks to create a more equitable society where all children have the opportunity to thrive.
Specifically, the End Child Poverty Act proposes the establishment of a National Child Poverty Target, which would set a goal for reducing child poverty by a certain percentage over a specified period of time. The bill also calls for the creation of a National Child Poverty Commission, which would be responsible for developing and implementing a national strategy to achieve the target.
Additionally, the End Child Poverty Act includes provisions to increase funding for programs that support low-income families, such as the Supplemental Nutrition Assistance Program (SNAP) and the Temporary Assistance for Needy Families (TANF) program. The bill also seeks to improve access to affordable healthcare for children and families, as well as to expand access to high-quality early childhood education and childcare. Overall, the End Child Poverty Act is a comprehensive piece of legislation that aims to address the systemic issues that contribute to child poverty in the United States. By implementing a national strategy and increasing support for low-income families, the bill seeks to create a more equitable society where all children have the opportunity to thrive.
Congressional Summary of HR 2540
End Child Poverty Act
This bill replaces the earned income tax credit and the child tax credit with a universal child assistance program. The program establishes a set monthly assistance payment for each child of a taxpayer less than 19 years of age.
The bill establishes an Office of Universal Child Assistance in the Social Security Administration for purposes of administering the assistance program.
The bill also allows a $600 refundable tax credit for adult dependents and certain family members.
Read the Full Bill
Current Status of Bill HR 2540
Bill HR 2540 is currently in the status of Bill Introduced since April 6, 2023. Bill HR 2540 was introduced during Congress 118 and was introduced to the House on April 6, 2023. Bill HR 2540's most recent activity was Referred to the Subcommittee on Work and Welfare. as of December 17, 2024
Bipartisan Support of Bill HR 2540
Total Number of Sponsors
2Democrat Sponsors
2Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
4Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 2540
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 2540
End Child Poverty Act
End Child Poverty Act
To establish a universal child assistance program, and for other purposes.
Comments
Sponsors and Cosponsors of HR 2540
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