HR8635-118

Introduced

To amend the Internal Revenue Code of 1986 to double the value of certain tax benefits relating to children and dependents.

118th Congress Introduced Jun 5, 2024

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To amend the Internal Revenue Code of 1986 to double the value of certain tax benefits relating to children and dependents., changes federal law or congressional policy affecting schools, students, and education providers. The main policy domain is Education, Finance.

Who Benefits and How

schools, students, and education providers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, schools, students, and education providers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section HF4812804CFC0420D8F94F40F0F85A31D: 1. Short title This Act may be cited as the Affordable Child Care Act.
  • Section H8DF2298FBF0C49348F5A49B750925C18: 2. Child and dependent care credit doubled Section 21(c) of the Internal Revenue Code of 1986 is amended— in paragraph (1), by striking $3,000 and inserting...
  • Section H5B21C95D2CD84F8BBC31E63CA533ED04: 3. Dependent care assistance program limit doubled Section 129(a)(2) of the Internal Revenue Code of 1986 is amended— in subparagraph (A), by striking $5,000...
  • Section H5E065D99A08E4E37A160D3862CBF2E7C: 4. Employer-provided childcare credit doubled Section 45F(b) of the Internal Revenue Code of 1986 is amended by striking $150,000 and inserting $300,000. The...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To amend the Internal Revenue Code of 1986 to double the value of certain tax benefits relating to children and dependents., changes federal law or congressional policy affecting schools, students, and education providers.

Key Policy Areas

Education, Finance

Primary Purpose

This bill, To amend the Internal Revenue Code of 1986 to double the value of certain tax benefits relating to children and dependents., changes federal law or congressional policy affecting schools, students, and education providers.

Policy Domains

Education Finance

Whole bill

Identified Gains
  • schools, students, and education providers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
schools, students, and education providers: ,
Identified Costs
  • federal implementing agencies
  • schools, students, and education providers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: ,
schools, students, and education providers: ,

Legislative Progress

Introduced
Introduced Committee Passed
Jun 5, 2024

Mr. Molinaro (for himself and Ms. Davids of Kansas) introduced …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Education Finance
Actor Mappings
"federal_implementing_agencies"
→ Federal agencies assigned duties by the bill

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology