S.2845: Fair Access for Individuals to Receive Leave Act
The Fair Access for Individuals to Receive Leave Act (S. 2845) would allow parent(s) of a newborn or recently adopted a child (under the age of six) the option of receiving a $5,000 tax credit advance. Parents who decide to take the tax credit will be subject to a $500 deducted off their full child tax credit for the following ten years.
H.R. 5075 is the House companion bill introduced by Rep. Katie Porter.