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Guaranteed Income and Tax Credit Act: SUPPORT Act of 2021

This bill aims to establish a federal guaranteed income program and a new tax credit. Citizens could receive regular cash payments and benefit from a new tax relief, intended to improve their financial well-being. Additionally, the act proposes creating special bank accounts at the Federal Reserve to facilitate access to financial services.
Key points
Establishment of an Office of Guaranteed Income Programs within the Treasury Department to oversee pilot programs and implement a federal tax credit.
Implementation of a 5-year pilot program providing grants to local governments and financial institutions for regular cash payments to residents.
Creation of a new guaranteed income tax credit, potentially providing $14,400 annually plus $600 per dependent under 18, with options for advance payments.
Payments from the pilot program will not be counted as income for eligibility in other federal assistance programs for 12 months from receipt.
Creation of FedAccounts – personal, no-fee central bank accounts supported by Federal Reserve banks, accessible to all US residents and businesses, with payment disbursement through postal facilities.
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Expired
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Additional Information
Print number: 117_HR_4895
Sponsor: Rep. Omar, Ilhan [D-MN-5]
Process start date: 2021-07-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SUPPORT Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4895.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-30.

What are the main provisions?

Key points include:

  • Establishment of an Office of Guaranteed Income Programs within the Treasury Department to oversee pilot programs and implement a federal tax credit.
  • Implementation of a 5-year pilot program providing grants to local governments and financial institutions for regular cash payments to residents.
  • Creation of a new guaranteed income tax credit, potentially providing $14,400 annually plus $600 per dependent under 18, with options for advance payments.
  • Payments from the pilot program will not be counted as income for eligibility in other federal assistance programs for 12 months from receipt.
  • Creation of FedAccounts – personal, no-fee central bank accounts supported by Federal Reserve banks, accessible to all US residents and businesses, with payment disbursement through postal facilities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Omar, Ilhan [D-MN-5].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Benefits Taxes Economy