1. Short title This Act may be cited as the Child Tax Credit Improvement Act . 2. Findings Congress finds the following: (1) According to the Supplemental Poverty Measure of the Bureau of the Census, the Child tax credit and earned income tax credit lift more children out of poverty than any other Federal policy. According to research published by the Century Foundation, the child tax credit alone now lifts nearly 1 in 8 children who would otherwise be poor out of poverty. (2) Despite the success of the child tax credit, economists have found that families with young children often receive the smallest child tax credits because they do not yet have enough income to receive the full benefit of the credit. (3) Pediatricians and other child development experts have long talked about the critical importance of the earliest years of life. (4) Economists have found similar effects of the importance of income in the earliest years with returns to school achievement. (5) Young children, including babies and toddlers, are among the poorest people in the country by age. (6) Economists have found that large fluctuations in a family’s income can be detrimental to the development of young children. Research on scarcity has found it is hard for parents to focus on children if they are worrying about having sufficient income to meet their family’s needs. (7) Indexing the value of the child tax credit would end the slow erosion of the child tax credit due to inflation. 3. Young child tax credit (a) Special rule for young children Section 24 of the Internal Revenue Code of 1986 is amended by adding at the end the following: (h) Young child tax credit (1) In general In the case of a young qualifying child, subsection (a) shall be applied for the taxable year (after the application of subsection (i)) by substituting $3,600 for $1,000 . (2) Young qualifying child For purposes of paragraph (1), the term young qualifying child means a qualifying child who has not attained age 6 as of the close of such taxable year. (3) Limitation