For some parents, the latest proposal is welcome news, as it seeks to provide stimulus checks to those who received child tax credits.
The proposal is titled the Family Security Act and is sponsored by Senator Mitt Romney.
The Act would pay parents $350 for each child under the age of six and $250 for each child aged seven to seventeen.
The maximum monthly income that a family can receive is $1,250.
Thousands of Americans will receive $850 stimulus checks.
The objective is to aid in the fight against child poverty.
Income cannot exceed $200,000 for single filers and $400,000 for joint filers.
What happens if you earn more than the income limits?
For each $1,000 over the income threshold, a filer’s stimulus payment is reduced by $50.
Additionally, families must be employed in order to receive the stimulus check.
This requires at least 80 hours of work, volunteer work, or training per month.
The bill’s working section is currently being negotiated.