1. Short title
This Act may be cited as the “Caring for Americans with Supplemental Help Act of 2020” or the “CASH Act of 2020”.
Caring for Americans with Supplemental Help Act of 2020
A BILL
To amend section 6428A of the Internal Revenue Code of 1986 to increase recovery rebate amounts to $2,000 for individuals.
2. Recovery rebate amounts increased
In general— Section 6428A of the Internal Revenue Code of 1986, as added by section 272 of the COVID-related Tax Relief Act of 2020, is amended by striking “$600” each place it appears and inserting “$2,000”, and by striking “$1,200” each place it appears and inserting “$4,000”.
Effective date— The amendments made by this section are contingent upon the enactment of the COVID-related Tax Relief Act of 2020 and shall apply (if at all) as if included in the enactment of section 272 of such Act.
3. Budgetary effects
Statutory PAYGO Scorecards— The budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010.
Senate PAYGO Scorecards— The budgetary effects of this Act shall not be entered on any PAYGO scorecard maintained for purposes of section 4106 of H. Con. Res. 71 (115th Congress).