The refundable part of the credit is capped at $1,400 a child
What the document says“The amount determined under subsection (d)(1)(A) with respect to any qualifying child shall not exceed $1,400, and such subsection shall be applied without regard to paragraph (4) of this subsection.”
The section rewrites section 24(h)(5) of the Internal Revenue Code of 1986 to cap the amount under subsection (d)(1)(A) for a qualifying child at $1,400, and to apply that subsection without regard to paragraph (4) of subsection (h).
What the document actually says“The amount determined under subsection (d)(1)(A) with respect to any qualifying child shall not exceed $1,400, and such subsection shall be applied without regard to paragraph (4) of this subsection.”
The refundable amount may not top $1,400 for a child. One other paragraph is left out of the sum.
A refundable credit can be paid out even with no tax owed. The cap limits that part. It rises with prices under the rule above.
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