,,ii  #aai? ,,congress  #b;d ,session   
,s4 #cggj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #c1 #bjbf,mr4 
,gallego introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to make new *ild  
paym5ts1 to provide = ,am]ican ,dream   
,acc\nts1 & = o!r purposes4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,/rong  
,/>t ,act4  #b4 ,new *ild paym5ts  7a7  
,9 g5]al ,sub*apt] ,b ( *apt] #fe ( !   
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new section3  
#fdcf4 ,new *ild paym5ts  7a7 ,9 g5]al  
,an eligible taxpay] %all be all[$ a    
cr$it 9 ! am\nt det]m9$ "u subsection   
7b7 ) respect to ea* eligible new *ild (
 ! eligible taxpay] :i* %all be paid by 
! ,secret>y n lat] ?an #cj days aft] !  
date 9 :i* ! eligible taxpay] files a   
claim = su* cr$it4  7b7 ,am\nt  7#a7 ,9 
g5]al ,! am\nt ( ! cr$it "u ?is         
subsection ) respect to ea* eligible new
 *ild %all be #c1jjj4  7#b7 ,inflation  

adju/m5ts  7,a7 ,9 g5]al ,9 ! case ( a  
taxable ye> beg9n+ 9 a cal5d> ye> aft]  
#bjbe1 ! #c1jjj doll> am\nt 9 p>agraph  
7#a7 %all be increas$ by an am\nt equal 
to-- 7i7 su* doll> am\nt1 multipli$ by  
7ii7 ! co/-(-liv+ adju/m5t det]m9$ "u   
section #a7;f77#c7 = ! cal5d> ye> 9 :i* 
! taxable ye> beg9s1 det]m9$ by         
sub/itut+ cal5d> ye> #bjbd = cal5d> ye> 
#bjaf 9 subp>agraph 7,a77ii7 !re(4  7,b7
 ,r\nd+ ,if any am\nt aft] adju/m5t "u !
 prec$+ s5t5ce is n a multiple ( #aj1   
su* am\nt %all be r\nd$ to ! next l[]   
multiple ( #aj4  7c7 ,def9itions ,=     
purposes ( ?is section-- 7#a7 ,eligible 
taxpay]  7,a7 ,9 g5]al ,! t]m eligible  
taxpay] means1 ) respect to any eligible
 new *ild1 any taxpay] :o-- 7i7 is !    
p>5t 7)9 ! mean+ ( section #aeb7;c77#d77
 ( ! eligible new *ild1 &  7ii7 :o has !
 same pr9cipal place ( abode z !        
eligible new *ild = ! p]iod beg9n+ on ! 
date describ$ 9 p>agraph 7#b77;,a77i7 & 
end+ on ! date on :i* a claim = ! cr$it 
"u ?is section is made4  7,b7 ,m ?an #a 

p>5t claim+ eligible new *ild ,if !     
p>5ts claim+ any eligible new *ild d n  
file a jo9t claim = ! cr$it "u ?is      
section toge!r1 su* *ild %all be treat$ 
z ! qualify+ *ild (-- 7i7 ! p>5t ) :om !
 *ild resid$ = ! longe/ p]iod ( "t      
describ$ 9 subp>agraph 7,a77ii71 or     
7ii7 if ! *ild resides ) bo? p>5ts = !  
same am\nt ( "t dur+ su* p]iod1 ! p>5t )
 ! highe/ adju/$ gross income = ! prec$+
 taxable ye>4  7#b7 ,eligible new *ild  
7,a7 ,9 g5]al ,! t]m eligible new *ild  
means any individual :o-- 7i7 7,i7 0    
born to ! eligible taxpay] 7includ+     
?r\gh a surrogacy arrangem5t7 aft] !    
date ( ! enactm5t ( ?is section1  7,,ii7
 has n atta9$ ! age ( #c & 0 adopt$ by !
 eligible taxpay] aft] ! date ( !       
enactm5t ( ?is section1 or  7,,iii7 :o  
has n atta9$ ! age ( #a & is plac$ ) !  
eligible taxpay] by an au?oriz$ placem5t
 ag5cy or by judgm5t1 decree1 or o!r    
ord] ( any c\rt ( compet5t jurisdiction 
aft] ! date ( ! enactm5t ( ?is section1 
7ii7 is a citiz5 or national ( ! ,unit$ 

,/ates1 &  7iii7 :o has be5 issu$ a     
social security numb] 7z def9$ 9 section
 #bd7;h77#g71 det]m9$ by sub/itut+ ( !  
claim = a cr$it "u section #fdcf = ( su*
 return 9 clause 7ii7 !re(74  7,b7      
,exception ,su* t]m %all n include any  
individual ) respect to :om a cr$it has 
be5 previ\sly all[$ "u ?is section to   
any o!r p]son4  7d7 ,taxpay]            
id5tification requirem5t ,no cr$it %all 
be all[$ "u ?is section unless !        
eligible taxpay] has includ$ ) ! claim =
 a cr$it "u ?is section ! taxpay]'s     
id5tification numb] & su* id5tification 
numb] 0 issu$ be=e ! date ! eligible new
 *ild 0 born or adopt$ by ! taxpay]4    
7e7 ,exception f r$uction or (fset ,any 
paym5t made to any individual "u ?is    
section %all n be-- 7#a7 subject to     
r$uction or (fset pursuant to subsection
 7c71 7d71 7e71 or 7f7 ( section #fdjb  
or any simil> au?ority p]mitt+ (fset1 or
  7#b7 r$uc$ or (fset by o!r assess$    
,f$]al taxes t w\ld o!rwise be subject  
to levy or collection4  7f7 ,re/rictions

 on taxpay]s :o improp]ly claim$ cr$it  
or improp]ly receiv$ paym5t  7#a7 ,9    
g5]al ,no cr$it %all be all[$ "u ?is    
section = any taxable ye> 9 !           
disall[ance p]iod4  7#b7 ,disall[ance   
p]iod ,= purposes ( p>agraph 7#a71 !    
disall[ance p]iod is-- 7,a7 ! p]iod (   
#abj cal5d> mon?s aft] ! mo/ rec5t      
cal5d> mon? = :i* !re 0 a f9al          
det]m9ation t ! taxpay]'s claim ( cr$it 
"u ?is section 0 due to fraud1 &  7,b7 !
 p]iod ( #bd cal5d> mon?s aft] ! mo/    
rec5t cal5d> mon? = :i* !re 0 a f9al    
det]m9ation t ! taxpay]'s claim ( cr$it 
"u ?is section 0 due to reckless or     
int5tional disreg>d ( rules &           
regulations 7b n due to fraud74  7g7    
,regulations ,! ,secret>y %all issue su*
 regulations or o!r guidance z !        
,secret>y det]m9es necess>y or          
appropriate to c>ry out ! purposes ( ?is
 section1 includ+ regulations or        
guidance ) respect to ! "t & mann] =    
fil+ a claim = ! cr$it all[$ "u ?is     
section4  4  7b7 ,cl]ical am5dm5t ,!    

table ( sections = sub*apt] ,b ( *apt]  
#fe ( ! ,int]nal ,rev5ue ,code ( #aihf  
is am5d$ by add+ at ! end ! foll[+ new  
item3  ,sec4 #fdcf4 ,new *ild paym5ts4  
4  #c4 ,am]ican dream acc\nts  7a7      
,trump acc\nts r5am$ ,am]ican ,dream    
acc\nts  7#a7 ,9 g5]al ,ea* ( ! foll[+  
provisions ( ! ,int]nal ,rev5ue ,code ( 
#aihf1 z am5d$ by ,public ,law #aai-ba1 
is am5d$ by /rik+ ,trump acc\nt ea*     
place x appe>s & ins]t+ ,am]ican ,dream 
acc\nt3 7,a7 ,section #ecj;,a4  7,b7    
,section #abh4  7,c7 ,section #aci;,j4  
7,d7 ,section #fdcd4  7#b7 ,con=m+      
am5dm5ts  7,a7 ,section #ecj;,a7h77#d7 (
 ! ,int]nal ,rev5ue ,code ( #aihf1 z    
add$ by ,public ,law #aai-ba1 is am5d$  
by /rik+ ,trump ,acc\nts & ins]t+       
,am]ican ,dream acc\nts4  7,b7 ,section 
#abh7;c7 ( su* ,code1 z add$ by ,public 
,law #aai-ba1 is am5d$ by /rik+ ,trump  
acc\nts & ins]t+ ,am]ican ,dream        
acc\nts4  7,c7 ,section                 
#ffib7;a77#b77;,g7 ( su* ,code1 z add$  
by ,public ,law #aai-ba1 is am5d$ by    

/rik+ ,trump acc\nts & ins]t+ ,am]ican  
,dream acc\nts4  7b7 ,p]man5t ext5sion &
 index+ ( initial gov]nm5t se$          
contribution program  7#a7 ,ext5sion    
,section #fdcd7;c77#a7 ( ! ,int]nal     
,rev5ue ,code ( #aihf1 z add$ by ,public
 ,law #aai-ba1 is am5d$ by /rik+ 1 &    
be=e ,janu>y #a1 #bjbi4  7#b7 ,inflation
 adju/m5t ,section #fdcd ( su* ,code1 z 
add$ by ,public ,law #aai-ba1 is am5d$  
by add+ at ! end ! foll[+ new           
subsection3  7j7 ,inflation adju/m5t    
7#a7 ,9 g5]al ,9 ! case ( any taxable   
ye> beg9n+ aft] #bjbf1 ! #a1jjj am\nt 9 
subsections 7a7 %all be increas$ by an  
am\nt equal to-- 7,a7 su* doll> am\nt1  
multipli$ by  7,b7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye> 9 :i* ! taxable ye> beg9s1   
det]m9$ by sub/itut+ cal5d> ye> #bjbe = 
cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7 
!re(4  7#b7 ,r\nd+ ,any increase det]m9$
 "u p>agraph 7#a7 %all be r\nd$ to !    
next ne>e/ multiple ( #ajj4  4  7c7     
,additional gov]nm5t contributions =    

eligible individuals  7#a7 ,9 g5]al     
,sub*apt] ,b ( *apt] #fe ( ! ,int]nal   
,rev5ue ,code ( #aihf1 z am5d$ by       
,public ,law #aai-ba1 is am5d$ by ins]t+
 aft] section #fdcd ! foll[+ new        
section3  #fdcd;,a4  ,additional        
,am]ican ,dream acc\nt contributions    
7a7  ,9 g5]al  ,ea* eligible taxpay]    
%all be treat$ z mak+ a paym5t aga9/ !  
tax impos$ by subtitle ,a = ! taxable   
ye> 9 an am\nt equal to ! am\nt det]m9$ 
"u subsection 7b7 ) respect to ea*      
qualify+ *ild ( ! taxpay]4  7b7  ,am\nt 
7#a7  ,9 g5]al  ,! am\nt det]m9$ "u ?is 
subsection ) respect to any qualify+    
*ild is--  7,a7 9 ! case ( an eligible  
taxpay] :o is an ,,eitc eligible taxpay]
 = ! taxable ye>1 ! sum (--  7i7 #gej1  
plus  7ii7 ! am\nt contributions dur+ ! 
taxable ye> 7n to exce$ #bej7 made to ! 
,am]ican ,dream acc\nt ) respect to :i* 
! qualify+ *ild is ! acc\nt b5efici>y1 &
  7,b7 9 ! case ( any o!r eligible      
taxpay]1 #ejj4  7#b7  ,inflation        
adju/m5t  7,a7  ,9 g5]al  ,9 ! case (   

any taxable ye> beg9n+ aft] #bjbf1 !    
#gej am\nt 9 p>agraph 7#a77;,a77i7 & !  
#ejj am\nt 9 p>agraph 7#a77;,b7 %all ea*
 be increas$ by an am\nt equal to--  7i7
 su* doll> am\nt1 multipli$ by  7ii7 !  
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye> 9 :i* !       
taxable ye> beg9s1 det]m9$ by sub/itut+ 
cal5d> ye> #bjbe = cal5d> ye> #bjaf 9   
subp>agraph 7,a77ii7 !re(4  7,b7  ,r\nd+
  ,any increase det]m9$ "u p>agraph 7#a7
 %all be r\nd$ to ! next ne>e/ multiple 
( #aj4  7c7  ,refund ( paym5t  ,! am\nt 
treat$ z a paym5t "u subsection 7a7 )   
respect to any qualify+ *ild or !       
taxpay] %all be paid by ! ,secret>y to !
 ,am]ican ,dream acc\nt ) respect to :i*
 su* qualify+ *ild is ! acc\nt          
b5efici>y4  7d7  ,def9itions & o!r rules
  ,= purposes ( ?is section-- 7#a7      
,eligible taxpay] ,! t]m eligible       
taxpay] means1 ) respect to any taxable 
ye>1 any taxpay]--  7,a7 :o has a       
dep5d5t :o is a qualify+ *ild1 &  7,b7  
^: adju/$ gross income = ! taxable ye>  

does n exce$ #ge1jjj 7#aej1jjj 9 ! case 
( a jo9t return74  7#b7  ,,eitc eligible
 taxpay]  ,! t]m ,,eitc eligible taxpay]
 means1 ) respect to any taxable ye>1 an
 eligible taxpay] :o is all[$ a cr$it "u
 section #cb = su* taxable ye>4  7#c7   
,qualify+ *ild  ,! t]m qualify+ *ild    
means1 ) respect to any taxable ye>1 any
 individual :o--  7,a7 is a qualify+    
*ild 7z def9$ 9 section #aeb7;c77 :o has
 n atta9$ ! age ( #ah1  7,b7 is a ,unit$
 ,/ates citiz51 &  7,c7 is ! acc\nt     
b5efici>y ( an ,am]ican ,dream acc\nt4  
7#d7  ,o!r rules  ,rules simil> to !    
rules ( subsections 7e71 7f71 7h71 & 7i7
 ( section #fdcd %all apply = purposes (
 ?is section4  4  7#b7 ,application )   
contribution limits ,section            
#ecj;,a7c77#b77;,b77iii7 ( su* ,code1 z 
add$ by ,public ,law #aai-ba1 is am5d$  
by ins]t+ or #fdcd;,a aft] #fdcd4  7#c7 
,treatm5t ( di/ributions ,section       
#ecj;,a7d77#b77;,b7 ( su* ,code1 z add$ 
by ,public ,law #aai-ba1 is am5d$ by    
ins]t+ or #fdcd;,a aft] #fdcd4  7#d7    

,cl]ical am5dm5t ,! table ( sections =  
sub*apt] ,b ( *apt] #fe ( su* ,code1 z  
am5d$ by ,public ,law #aai-ba1 is am5d$ 
by ins]t+ aft] ! item relat+ to section 
#fdcd ! foll[+ new item3  ,sec4         
#fdcd;,a4 ,additional ,am]ican ,dream   
acc\nt contributions4  4  7d7           
,additional con=m+ am5dm5ts  7#a7 ,!    
head+ ( "p ,,ix ( sub*apt] ,f ( *apt] #a
 ( ! ,int]nal ,rev5ue ,code ( #aihf1 z  
add$ by ,public ,law #aai-ba1 is am5d$  
by /rik+ ,trump acc\nts & ins]t+        
,am]ican ,dream acc\nts4  7#b7 ,! item  
relat+ to section #ecj;,a 9 ! table (   
p>ts = sub*apt] ,f ( *apt] #a ( su*     
,code1 z add$ by ,public ,law #aai-ba1  
is am5d$ by /rik+ ,trump acc\nts &      
ins]t+ ,am]ican ,dream acc\nts4  7#c7 ,!
 head+ ( section #ecj;,a ( ! ,int]nal   
,rev5ue ,code ( #aihf1 z add$ by ,public
 ,law #aai-ba1 is am5d$ by /rik+ ,trump 
acc\nts & ins]t+ ,am]ican ,dream        
acc\nts4  7#d7 ,! item relat+ to section
 #ecj;,a 9 ! table ( sections = "p ,,ix 
( sub*apt] ,f ( *apt] #a ( su* ,code1 z 

add$ by ,public ,law #aai-ba1 is am5d$  
by /rik+ ,trump acc\nts & ins]t+        
,am]ican ,dream acc\nts4  7#e7 ,! head+ 
( section #ecj;,a7b7 ( su* ,code1 z add$
 by ,public ,law #aai-ba1 is am5d$ by   
/rik+ ,trump acc\nt & ins]t+ ,am]ican   
,dream acc\nt4  7#f7 ,! head+ ( section 
#abh ( su* ,code1 z add$ by ,public ,law
 #aai-ba1 is am5d$ by /rik+ ,trump      
acc\nts & ins]t+ ,am]ican ,dream        
acc\nts4  7#g7 ,! item relat+ to section
 #abh 9 ! table ( sections = "p ,,iii ( 
sub*apt] ,b ( *apt] #a ( su* ,code1 z   
add$ by ,public ,law #aai-ba1 is am5d$  
by /rik+ ,trump acc\nts & ins]t+        
,am]ican ,dream acc\nts4  7#h7 ,! head+ 
( section #aci;,j ( su* ,code1 z add$ by
 ,public ,law #aai-ba1 is am5d$ by /rik+
 ,trump acc\nts & ins]t+ ,am]ican ,dream
 acc\nts4  7#i7 ,! item relat+ to       
section #aci;,j 9 ! table ( sections =  
"p ,,iii ( sub*apt] ,b ( *apt] #a ( su* 
,code1 z add$ by ,public ,law #aai-ba1  
is am5d$ by /rik+ ,trump acc\nts &      
ins]t+ ,am]ican ,dream acc\nts4  7#aj7  

,! head+ ( section #fdcd ( su* ,code1 z 
add$ by ,public ,law #aai-ba1 is am5d$  
by /rik+ ,trump acc\nt contribution     
pilot program & ins]t+ ,am]ican ,dream  
acc\nt se$ contributions4  7#aa7 ,! item
 relat+ to section #fdcd 9 ! table (    
sections = sub*apt] ,b ( *apt] #fe ( su*
 ,code1 z add$ by ,public ,law #aai-ba1 
is am5d$ by /rik+ ,trump acc\nt         
contribution pilot program & ins]t+     
,am]ican ,dream acc\nt se$              
contributions4  7#ab7 ,! head+ ( section
 #ffei ( su* ,code1 z add$ by ,public   
,law #aai-ba1 is am5d$ by /rik+ ,trump  
acc\nt contribution pilot program &     
ins]t+ ,am]ican ,dream acc\nt se$       
contribution4  7#ac7 ,! item relat+ to  
section #abh 9 ! table ( sections = "p  
,,ix ( sub*apt] ,f ( *apt] #a ( su*     
,code1 z add$ by ,public ,law #aai-ba1  
is am5d$ by /rik+ ,trump acc\nt         
contribution pilot program & ins]t+     
,am]ican ,dream acc\nt se$ contribution4
  7e7 ,coord9ation ) o!r means-,te/$    
programs  7#a7 ,acc\nt funds disreg>d$ =

 purposes ( c]ta9 o!r means-te/$ f$]al  
programs ,not)/&+ any o!r provision (   
,f$]al law t requires consid]ation ( #a 
or m f9ancial circum/ances ( an         
individual1 = ! purpose ( det]m9+       
eligibility to receive1 or ! am\nt (1   
any assi/ance or b5efit au?oriz$ by su* 
provision to be provid$ to or = ! b5efit
 ( su* individual1 any am\nt 7includ+   
e>n+s !reon7 9 an ,am]ican ,dream acc\nt
 7)9 ! mean+ ( section #ecj;,a ( !      
,int]nal ,rev5ue ,code ( #aihf7 ( su*   
individual & any contributions to !     
,am]ican ,dream acc\nt ( ! individual   
%all be disreg>d$ = su* purpose )       
respect to any p]iod be=e ! fir/ day ( !
 cal5d> ye> 9 :i* su* individual atta9s 
! age ( #ah1 except t1 9 ! case ( !     
supplem5tal security income program "u  
title ,,xvi ( ! ,social ,security ,act  
7#db ,u4,s4,c4 #acha et seq47 any am\nt 
7includ+ su* e>n+s7 9 su* ,am]ican      
,dream acc\nt %all be consid]$ a res\rce
 ( ! designat$ b5efici>y to ! ext5t t   
su* am\nt exce$s #ajj1jjj4  7#b7        

,susp5sion ( ,,ssi b5efits dur+ p]iods (
 excessive acc\nt funds  7,a7  ,9 g5]al 
,! b5efits ( an individual "u !         
supplem5tal security income program "u  
title ,,xvi ( ! ,social ,security ,act  
%all n be t]m9at$1 b %all be susp5d$1 by
 reason ( excess res\rces ( ! individual
 attributable to an am\nt 9 ! ,am]ican  
,dream acc\nt 7)9 ! mean+ ( section     
#ecj;,a ( ! ,int]nal ,rev5ue ,code (    
#aihf7 ( ! individual n disreg>d$ "u    
subsection 7a74  7,b7  ,no impact on    
m$icaid eligibility  ,an individual :o  
w\ld be receiv+ paym5t ( su* supplem5tal
 security income b5efits b = !          
application ( p>agraph 7#a7 %all be     
treat$ = purposes ( title ,,xix ( !     
,social ,security ,act 7#db ,u4,s4,c4   
#acif et seq47 z if ! individual cont9u$
 to be receiv+ paym5t ( su* b5efits4    
7f7 ,automatic enrollm5t ( eligible     
individuals ,n lat] ?an "o ye> aft] !   
date ( ! enactm5t ( ?is ,act1 !         
,secret>y ( ! ,treasury 7or !           
,secret>y's delegate7 %all e/abli% a    

program to-- 7#a7 collect in=mation on  
:e!r an individual meets ! requirem5ts (
 subp>agraphs 7,a7 & 7,b7 ( section     
#ecj;,a7b77#b7 ( ! ,int]nal ,rev5ue     
,code ( #aihf1 &  7#b7 automatically    
e/abli% ,am]ican ,dream acc\nts 7z def9$
 9 section #ecj;,a ( su* ,code7 on      
behalf ( su* individual if1 bas$ on su* 
in=mation1 ! ,secret>y det]m9es su*     
individual is an eligible individual 7z 
def9$ 9 section #ecj;,a7b77#b774