US Congress House Bill 3393 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Engrossed on July 28 2014 - 50% progression, died in chamber
Action: 2014-07-29 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 493.
Text: Latest bill text (Introduced) [PDF]

Title I: Student and Family Tax Simplification Act - Student and Family Tax Simplification Act - (Sec. 102) Amends the Internal Revenue Code to provide for an American Opportunity Tax Credit, in lieu of the current Hope Scholarship and Lifetime Learning tax credits and the tax deduction for qualified tuition and related expenses, that provides for each eligible student (i.e., a student who meets certain requirements of the Higher Education Act of 1965 and who is carrying at least 1/2 the normal full-time course load) a credit of 100% of up to $2,000 of qualified tuition and related expenses (i.e., tuition, fees, and course materials, excluding expenses for courses involving sports, games, or hobbies or for expenses unrelated to academic instruction), plus 25% of so much of such expenses as exceeds $2,000, but not more than $4,000. Makes up to $1,500 of such credit refundable. Modifies the phaseout of such credit based on taxpayer modified adjusted gross income by increasing the income level for such phaseout. Allows an inflation adjustment to credit and phaseout amounts for taxable years beginning after 2018. Eliminates the disallowance of the credit for students who have been convicted of a felony drug offense. Requires a taxpayer claiming such credit to include on the his or her tax return the employer identification number of the educational institution to which qualified tuition and related expenses were paid. (Sec. 103) Excludes from gross income, for income tax purposes, amounts received as a Federal Pell Grant in taxable years beginning after 2014. (Sec. 104) Prohibits the entry of the budgetary effects of this Act on any PAYGO (pay-as-you-go) scorecard. Title II: Child Tax Credit Improvement Act - Child Tax Credit Improvement Act of 2014 - (Sec. 202) Amends the Internal Revenue Code, with respect to the child tax credit, to: (1) increase from $110,00 to $150,000 ($75,000 for individual taxpayers and married taxpayers filing separately) the threshold amount applicable to married couples filing joint tax returns above which such tax credit is reduced, and (2) allow an inflation adjustment to the threshold amounts and the $1,000 credit amount beginning after 2014. (Sec. 203) Requires taxpayers to include their social security numbers on their tax returns to claim the refundable portion of the child tax credit. (Sec. 204) Prohibits the entry of the budgetary effects of this Act on any PAYGO (pay-as-you-go) scorecard.

Student and Family Tax Simplification Act

Rep. Diane Black [R-TN]

Rep. Danny Davis [D-IL]

2014-07-24 - House - On Passage (Y: 227 N: 187 NV: 18 Abs: 0) [PASS]
2014-07-24 - House - On Motion to Recommit with Instructions (Y: 195 N: 219 NV: 18 Abs: 0) [FAIL]

Date	Chamber	Action
2014-07-29	Senate	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 493.
2014-07-28	Senate	Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
2014-07-24	House	Motion to reconsider laid on the table Agreed to without objection.
2014-07-24	House	On passage Passed by the Yeas and Nays: 227 - 187 (Roll no. 449).
2014-07-24	House	On motion to recommit with instructions Failed by the Yeas and Nays: 195 - 219 (Roll no. 448).
2014-07-24	House	The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H6790)
2014-07-24	House	DEBATE - The House proceeded with 10 minutes of debate on the Sinema motion to recommit with instructions, pending reservation of a point of order. Subsequently, the point of order was withdrawn. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to require the Secretary of the Treasury to provide a table for student loan borrowers in any publication related to the underlying bill. That table shall illustrate their current monthly payments for higher education loans and the amount that they would pay for that same loan had they been able to benefit from the lower interest rates that would go into effect if H.R. 4582, Bank on Students Emergency Loan Refinancing Act, were passed.
2014-07-24	House	Ms. Sinema moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H6789-6790; text: CR H6789)
2014-07-24	House	The previous question was ordered pursuant to the rule. (consideration: CR H6789)
2014-07-24	House	DEBATE - The House proceeded with one hour of debate on H.R. 3393.
2014-07-24	House	The rule provides for the consideration of H.R. 3393 and H.R. 4935 under a closed rule.
2014-07-24	House	Considered under the provisions of rule H. Res. 680. (consideration: CR H6779-6791; text of amendment in the nature of a substitute: CR H6779-6780)
2014-07-23	House	Rules Committee Resolution H. Res. 680 Reported to House. The rule provides for the consideration of H.R. 3393 and H.R. 4935 under a closed rules.
2014-07-17	House	Placed on the Union Calendar, Calendar No. 392.
2014-07-17	House	Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-526.
2014-06-25	House	Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 22 - 13.
2014-06-25	House	Committee Consideration and Mark-up Session Held.
2013-10-30	House	Referred to the House Committee on Ways and Means.

HB1738 (Related) 2013-04-25 - Referred to the House Committee on Ways and Means.
HB2253 (Related) 2013-06-04 - Referred to the House Committee on Ways and Means.
SB835 (Related) 2013-04-25 - Read twice and referred to the Committee on Finance.
SB1090 (Related) 2013-06-04 - Read twice and referred to the Committee on Finance.
HB3437 (Related) 2013-10-30 - Referred to House Education and the Workforce
HB3476 (Related) 2013-11-13 - Referred to the House Committee on Ways and Means.
HR680 (Related) 2014-07-24 - Motion to reconsider laid on the table Agreed to without objection.
HB4935 (Related) 2014-07-25 - Pursuant to the provisions of H. Res. 680, H.R. 4935 is laid on the table.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/3393/all-info
Text	https://www.congress.gov/113/bills/hr3393/BILLS-113hr3393ih.pdf
Text	https://www.congress.gov/113/bills/hr3393/BILLS-113hr3393rh.pdf
Text	https://www.congress.gov/113/bills/hr3393/BILLS-113hr3393eh.pdf
Text	https://www.congress.gov/113/bills/hr3393/BILLS-113hr3393pcs.pdf
Roll Call	https://clerk.house.gov/Votes/2014448
Roll Call	https://clerk.house.gov/Votes/2014449