Shutdown Guidance for Financial Institutions Act

House Bill

H.R. 5689

119th Congress

Shutdown Guidance for Financial Institutions Act

In Committee

Introduced:Oct 31, 2025

Primary Sponsor

Julia Brownley

Representative

Democratic

CA-26

Cosponsors

10

Quick Stats

Policy Area

Taxation

Summary

The EITC Age Parity Act would change the age requirement for the Earned Income Tax Credit (EITC), a tax benefit that helps low- and moderate-income families. Currently, the EITC is only available to individuals between the ages of 25 and 65. This bill would lower the minimum age to 18 and eliminate the upper age limit, making the credit available to more people.

Latest Action

Referred to the House Committee on Ways and Means.

AI Summary

Plain-English explanation of this bill

The EITC Age Parity Act would change the age requirement for the Earned Income Tax Credit (EITC), a tax benefit that helps low- and moderate-income families. Currently, the EITC is only available to individuals between the ages of 25 and 65. This bill would lower the minimum age to 18 and eliminate the upper age limit, making the credit available to more people.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

EITC Age Parity Act of 2023 This bill modifies the age requirement for the earned income credit. Under current law, an individual taxpayer must have attained age 25, but not age 65, to claim the credit. This bill reduces the base year to age 18 and eliminates the age 65 cap on the credit.

Key Points

Main provisions of the bill

Reduces the minimum age to claim the EITC from 25 to 18 years old
Eliminates the upper age limit of 65, allowing older adults to continue claiming the EITC
The EITC is a tax credit that boosts the incomes of low- and moderate-income working families

How This Impacts Americans

Potential effects on citizens and communities

If passed, this bill would expand access to the EITC, a valuable tax credit that helps lift working families out of poverty. It would benefit younger adults just starting out in the workforce as well as older adults who are still working. This could provide crucial financial support to a wider range of low-income Americans.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

5689, 119th Congress (2025). "Shutdown Guidance for Financial Institutions Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-5689