,,ii  #aaith ,,congress  #b;d ,session  
,s4 #cggj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,february #c1  
#bjbf,mr4 ,gallego introduced the       
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to make new     
child payments1 to provide for ,american
 ,dream ,accounts1 and for other        
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,strong ,start ,act4
  #b4 ,new child payments  7a7 ,in      
general ,subchapter ,b of chapter #fe of
 the ,internal ,revenue ,code of #aihf  
is amended by adding at the end the     
following new section3  #fdcf4 ,new     
child payments  7a7 ,in general ,an     
eligible taxpayer shall be allowed a    
credit in the amount determined under   
subsection 7b7 with respect to each     
eligible new child of the eligible      
taxpayer which shall be paid by the     
,secretary not later than #cj days after
 the date in which the eligible taxpayer

 files a claim for such credit4  7b7    
,amount  7#a7 ,in general ,the amount of
 the credit under this subsection with  
respect to each eligible new child shall
 be #c1jjj4  7#b7 ,inflation adjustments
  7,a7 ,in general ,in the case of a    
taxable year beginning in a calendar    
year after #bjbe1 the #c1jjj dollar     
amount in paragraph 7#a7 shall be       
increased by an amount equal to-- 7i7   
such dollar amount1 multiplied by  7ii7 
the cost-of-living adjustment determined
 under section #a7;f77#c7 for the       
calendar year in which the taxable year 
begins1 determined by substituting      
calendar year #bjbd for calendar year   
#bjaf in subparagraph 7,a77ii7 thereof4 
7,b7 ,rounding ,if any amount after     
adjustment under the preceding sentence 
is not a multiple of #aj1 such amount   
shall be rounded to the next lower      
multiple of #aj4  7c7 ,definitions ,for 
purposes of this section-- 7#a7         
,eligible taxpayer  7,a7 ,in general    
,the term eligible taxpayer means1 with 

respect to any eligible new child1 any  
taxpayer who-- 7i7 is the parent 7within
 the meaning of section #aeb7;c77#d77 of
 the eligible new child1 and  7ii7 who  
has the same principal place of abode as
 the eligible new child for the period  
beginning on the date described in      
paragraph 7#b77;,a77i7 and ending on the
 date on which a claim for the credit   
under this section is made4  7,b7 ,more 
than #a parent claiming eligible new    
child ,if the parents claiming any      
eligible new child do not file a joint  
claim for the credit under this section 
together1 such child shall be treated as
 the qualifying child of-- 7i7 the      
parent with whom the child resided for  
the longest period of time described in 
subparagraph 7,a77ii71 or  7ii7 if the  
child resides with both parents for the 
same amount of time during such period1 
the parent with the highest adjusted    
gross income for the preceding taxable  
year4  7#b7 ,eligible new child  7,a7   
,in general ,the term eligible new child

 means any individual who-- 7i7 7,i7 was
 born to the eligible taxpayer          
7including through a surrogacy          
arrangement7 after the date of the      
enactment of this section1  7,,ii7 has  
not attained the age of #c and was      
adopted by the eligible taxpayer after  
the date of the enactment of this       
section1 or  7,,iii7 who has not        
attained the age of #a and is placed    
with the eligible taxpayer by an        
authorized placement agency or by       
judgment1 decree1 or other order of any 
court of competent jurisdiction after   
the date of the enactment of this       
section1  7ii7 is a citizen or national 
of the ,united ,states1 and  7iii7 who  
has been issued a social security number
 7as defined in section #bd7;h77#g71    
determined by substituting of the claim 
for a credit under section #fdcf for of 
such return in clause 7ii7 thereof74    
7,b7 ,exception ,such term shall not    
include any individual with respect to  
whom a credit has been previously       

allowed under this section to any other 
person4  7d7 ,taxpayer identification   
requirement ,no credit shall be allowed 
under this section unless the eligible  
taxpayer has included with the claim for
 a credit under this section the        
taxpayer's identification number and    
such identification number was issued   
before the date the eligible new child  
was born or adopted by the taxpayer4    
7e7 ,exception from reduction or offset 
,any payment made to any individual     
under this section shall not be-- 7#a7  
subject to reduction or offset pursuant 
to subsection 7c71 7d71 7e71 or 7f7 of  
section #fdjb or any similar authority  
permitting offset1 or  7#b7 reduced or  
offset by other assessed ,federal taxes 
that would otherwise be subject to levy 
or collection4  7f7 ,restrictions on    
taxpayers who improperly claimed credit 
or improperly received payment  7#a7 ,in
 general ,no credit shall be allowed    
under this section for any taxable year 
in the disallowance period4  7#b7       

,disallowance period ,for purposes of   
paragraph 7#a71 the disallowance period 
is-- 7,a7 the period of #abj calendar   
months after the most recent calendar   
month for which there was a final       
determination that the taxpayer's claim 
of credit under this section was due to 
fraud1 and  7,b7 the period of #bd      
calendar months after the most recent   
calendar month for which there was a    
final determination that the taxpayer's 
claim of credit under this section was  
due to reckless or intentional disregard
 of rules and regulations 7but not due  
to fraud74  7g7 ,regulations ,the       
,secretary shall issue such regulations 
or other guidance as the ,secretary     
determines necessary or appropriate to  
carry out the purposes of this section1 
including regulations or guidance with  
respect to the time and manner for      
filing a claim for the credit allowed   
under this section4  4  7b7 ,clerical   
amendment ,the table of sections for    
subchapter ,b of chapter #fe of the     

,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new item3  ,sec4 #fdcf4 ,new  
child payments4  4  #c4 ,american dream 
accounts  7a7 ,trump accounts renamed   
,american ,dream accounts  7#a7 ,in     
general ,each of the following          
provisions of the ,internal ,revenue    
,code of #aihf1 as amended by ,public   
,law #aai-ba1 is amended by striking    
,trump account each place it appears and
 inserting ,american ,dream account3    
7,a7 ,section #ecj;,a4  7,b7 ,section   
#abh4  7,c7 ,section #aci;,j4  7,d7     
,section #fdcd4  7#b7 ,conforming       
amendments  7,a7 ,section #ecj;,a7h77#d7
 of the ,internal ,revenue ,code of     
#aihf1 as added by ,public ,law #aai-ba1
 is amended by striking ,trump ,accounts
 and inserting ,american ,dream         
accounts4  7,b7 ,section #abh7;c7 of    
such ,code1 as added by ,public ,law    
#aai-ba1 is amended by striking ,trump  
accounts and inserting ,american ,dream 
accounts4  7,c7 ,section                

#ffib7;a77#b77;,g7 of such ,code1 as    
added by ,public ,law #aai-ba1 is       
amended by striking ,trump accounts and 
inserting ,american ,dream accounts4    
7b7 ,permanent extension and indexing of
 initial government seed contribution   
program  7#a7 ,extension ,section       
#fdcd7;c77#a7 of the ,internal ,revenue 
,code of #aihf1 as added by ,public ,law
 #aai-ba1 is amended by striking 1 and  
before ,january #a1 #bjbi4  7#b7        
,inflation adjustment ,section #fdcd of 
such ,code1 as added by ,public ,law    
#aai-ba1 is amended by adding at the end
 the following new subsection3  7j7     
,inflation adjustment  7#a7 ,in general 
,in the case of any taxable year        
beginning after #bjbf1 the #a1jjj amount
 in subsections 7a7 shall be increased  
by an amount equal to-- 7,a7 such dollar
 amount1 multiplied by  7,b7 the        
cost-of-living adjustment determined    
under section #a7;f77#c7 for the        
calendar year in which the taxable year 
begins1 determined by substituting      

calendar year #bjbe for calendar year   
#bjaf in subparagraph 7,a77ii7 thereof4 
7#b7 ,rounding ,any increase determined 
under paragraph 7#a7 shall be rounded to
 the next nearest multiple of #ajj4  4  
7c7 ,additional government contributions
 for eligible individuals  7#a7 ,in     
general ,subchapter ,b of chapter #fe of
 the ,internal ,revenue ,code of #aihf1 
as amended by ,public ,law #aai-ba1 is  
amended by inserting after section #fdcd
 the following new section3  #fdcd;,a4  
,additional ,american ,dream account    
contributions  7a7  ,in general  ,each  
eligible taxpayer shall be treated as   
making a payment against the tax imposed
 by subtitle ,a for the taxable year in 
an amount equal to the amount determined
 under subsection 7b7 with respect to   
each qualifying child of the taxpayer4  
7b7  ,amount  7#a7  ,in general  ,the   
amount determined under this subsection 
with respect to any qualifying child    
is--  7,a7 in the case of an eligible   
taxpayer who is an ,,eitc eligible      

taxpayer for the taxable year1 the sum  
of--  7i7 #gej1 plus  7ii7 the amount   
contributions during the taxable year   
7not to exceed #bej7 made to the        
,american ,dream account with respect to
 which the qualifying child is the      
account beneficiary1 and  7,b7 in the   
case of any other eligible taxpayer1    
#ejj4  7#b7  ,inflation adjustment  7,a7
  ,in general  ,in the case of any      
taxable year beginning after #bjbf1 the 
#gej amount in paragraph 7#a77;,a77i7   
and the #ejj amount in paragraph        
7#a77;,b7 shall each be increased by an 
amount equal to--  7i7 such dollar      
amount1 multiplied by  7ii7 the         
cost-of-living adjustment determined    
under section #a7;f77#c7 for the        
calendar year in which the taxable year 
begins1 determined by substituting      
calendar year #bjbe for calendar year   
#bjaf in subparagraph 7,a77ii7 thereof4 
7,b7  ,rounding  ,any increase          
determined under paragraph 7#a7 shall be
 rounded to the next nearest multiple of

 #aj4  7c7  ,refund of payment  ,the    
amount treated as a payment under       
subsection 7a7 with respect to any      
qualifying child or the taxpayer shall  
be paid by the ,secretary to the        
,american ,dream account with respect to
 which such qualifying child is the     
account beneficiary4  7d7  ,definitions 
and other rules  ,for purposes of this  
section-- 7#a7 ,eligible taxpayer ,the  
term eligible taxpayer means1 with      
respect to any taxable year1 any        
taxpayer--  7,a7 who has a dependent who
 is a qualifying child1 and  7,b7 whose 
adjusted gross income for the taxable   
year does not exceed #ge1jjj 7#aej1jjj  
in the case of a joint return74  7#b7   
,,eitc eligible taxpayer  ,the term     
,,eitc eligible taxpayer means1 with    
respect to any taxable year1 an eligible
 taxpayer who is allowed a credit under 
section #cb for such taxable year4  7#c7
  ,qualifying child  ,the term          
qualifying child means1 with respect to 
any taxable year1 any individual who--  

7,a7 is a qualifying child 7as defined  
in section #aeb7;c77 who has not        
attained the age of #ah1  7,b7 is a     
,united ,states citizen1 and  7,c7 is   
the account beneficiary of an ,american 
,dream account4  7#d7  ,other rules     
,rules similar to the rules of          
subsections 7e71 7f71 7h71 and 7i7 of   
section #fdcd shall apply for purposes  
of this section4  4  7#b7 ,application  
with contribution limits ,section       
#ecj;,a7c77#b77;,b77iii7 of such ,code1 
as added by ,public ,law #aai-ba1 is    
amended by inserting or #fdcd;,a after  
#fdcd4  7#c7 ,treatment of distributions
 ,section #ecj;,a7d77#b77;,b7 of such   
,code1 as added by ,public ,law #aai-ba1
 is amended by inserting or #fdcd;,a    
after #fdcd4  7#d7 ,clerical amendment  
,the table of sections for subchapter ,b
 of chapter #fe of such ,code1 as       
amended by ,public ,law #aai-ba1 is     
amended by inserting after the item     
relating to section #fdcd the following 
new item3  ,sec4 #fdcd;,a4 ,additional  

,american ,dream account contributions4 
4  7d7 ,additional conforming amendments
  7#a7 ,the heading of part ,,ix of     
subchapter ,f of chapter #a of the      
,internal ,revenue ,code of #aihf1 as   
added by ,public ,law #aai-ba1 is       
amended by striking ,trump accounts and 
inserting ,american ,dream accounts4    
7#b7 ,the item relating to section      
#ecj;,a in the table of parts for       
subchapter ,f of chapter #a of such     
,code1 as added by ,public ,law #aai-ba1
 is amended by striking ,trump accounts 
and inserting ,american ,dream accounts4
  7#c7 ,the heading of section #ecj;,a  
of the ,internal ,revenue ,code of      
#aihf1 as added by ,public ,law #aai-ba1
 is amended by striking ,trump accounts 
and inserting ,american ,dream accounts4
  7#d7 ,the item relating to section    
#ecj;,a in the table of sections for    
part ,,ix of subchapter ,f of chapter #a
 of such ,code1 as added by ,public ,law
 #aai-ba1 is amended by striking ,trump 
accounts and inserting ,american ,dream 

accounts4  7#e7 ,the heading of section 
#ecj;,a7b7 of such ,code1 as added by   
,public ,law #aai-ba1 is amended by     
striking ,trump account and inserting   
,american ,dream account4  7#f7 ,the    
heading of section #abh of such ,code1  
as added by ,public ,law #aai-ba1 is    
amended by striking ,trump accounts and 
inserting ,american ,dream accounts4    
7#g7 ,the item relating to section #abh 
in the table of sections for part ,,iii 
of subchapter ,b of chapter #a of such  
,code1 as added by ,public ,law #aai-ba1
 is amended by striking ,trump accounts 
and inserting ,american ,dream accounts4
  7#h7 ,the heading of section #aci;,j  
of such ,code1 as added by ,public ,law 
#aai-ba1 is amended by striking ,trump  
accounts and inserting ,american ,dream 
accounts4  7#i7 ,the item relating to   
section #aci;,j in the table of sections
 for part ,,iii of subchapter ,b of     
chapter #a of such ,code1 as added by   
,public ,law #aai-ba1 is amended by     
striking ,trump accounts and inserting  

,american ,dream accounts4  7#aj7 ,the  
heading of section #fdcd of such ,code1 
as added by ,public ,law #aai-ba1 is    
amended by striking ,trump account      
contribution pilot program and inserting
 ,american ,dream account seed          
contributions4  7#aa7 ,the item relating
 to section #fdcd in the table of       
sections for subchapter ,b of chapter   
#fe of such ,code1 as added by ,public  
,law #aai-ba1 is amended by striking    
,trump account contribution pilot       
program and inserting ,american ,dream  
account seed contributions4  7#ab7 ,the 
heading of section #ffei of such ,code1 
as added by ,public ,law #aai-ba1 is    
amended by striking ,trump account      
contribution pilot program and inserting
 ,american ,dream account seed          
contribution4  7#ac7 ,the item relating 
to section #abh in the table of sections
 for part ,,ix of subchapter ,f of      
chapter #a of such ,code1 as added by   
,public ,law #aai-ba1 is amended by     
striking ,trump account contribution    

pilot program and inserting ,american   
,dream account seed contribution4  7e7  
,coordination with other means-,tested  
programs  7#a7 ,account funds           
disregarded for purposes of certain     
other means-tested federal programs     
,notwithstanding any other provision of 
,federal law that requires consideration
 of #a or more financial circumstances  
of an individual1 for the purpose of    
determining eligibility to receive1 or  
the amount of1 any assistance or benefit
 authorized by such provision to be     
provided to or for the benefit of such  
individual1 any amount 7including       
earnings thereon7 in an ,american ,dream
 account 7within the meaning of section 
#ecj;,a of the ,internal ,revenue ,code 
of #aihf7 of such individual and any    
contributions to the ,american ,dream   
account of the individual shall be      
disregarded for such purpose with       
respect to any period before the first  
day of the calendar year in which such  
individual attains the age of #ah1      

except that1 in the case of the         
supplemental security income program    
under title ,,xvi of the ,social        
,security ,act 7#db ,u4,s4,c4 #acha et  
seq47 any amount 7including such        
earnings7 in such ,american ,dream      
account shall be considered a resource  
of the designated beneficiary to the    
extent that such amount exceeds         
#ajj1jjj4  7#b7  ,suspension of ,,ssi   
benefits during periods of excessive    
account funds  7,a7  ,in general  ,the  
benefits of an individual under the     
supplemental security income program    
under title ,,xvi of the ,social        
,security ,act shall not be terminated1 
but shall be suspended1 by reason of    
excess resources of the individual      
attributable to an amount in the        
,american ,dream account 7within the    
meaning of section #ecj;,a of the       
,internal ,revenue ,code of #aihf7 of   
the individual not disregarded under    
subsection 7a74  7,b7  ,no impact on    
medicaid eligibility  ,an individual who

 would be receiving payment of such     
supplemental security income benefits   
but for the application of paragraph    
7#a7 shall be treated for purposes of   
title ,,xix of the ,social ,security    
,act 7#db ,u4,s4,c4 #acif et seq47 as if
 the individual continued to be         
receiving payment of such benefits4  7f7
 ,automatic enrollment of eligible      
individuals ,not later than one year    
after the date of the enactment of this 
,act1 the ,secretary of the ,treasury   
7or the ,secretary's delegate7 shall    
establish a program to-- 7#a7 collect   
information on whether an individual    
meets the requirements of subparagraphs 
7,a7 and 7,b7 of section #ecj;,a7b77#b7 
of the ,internal ,revenue ,code of      
#aihf1 and  7#b7 automatically establish
 ,american ,dream accounts 7as defined  
in section #ecj;,a of such ,code7 on    
behalf of such individual if1 based on  
such information1 the ,secretary        
determines such individual is an        
eligible individual 7as defined in      

section #ecj;,a7b77#b774