According to multiple media reports, Congress is looking to create legislation for a “Phase Two” of the Tax Cuts and Jobs Act (TCJA).

This additional legislation will complement the TCJA and would be directed at individuals and families.

House Ways and Means Committee Chairman Kevin Brady (R-TX) said the measure would include provisions aimed at simplifying retirement savings planning, consolidating college and vocational school education incentives in the tax code and making the individual tax cuts in the TCJA permanent.

“So, we think it’s important to have a vote … to talk about issues like permanence – we made the family tax cuts long-term but not permanent because of Senate budget rules, we think that’d be a good vote to have as well,” said Brady.

The Chairman hopes to bring the measure, which has not been completed, to the House floor for a vote before the midterm elections.

Should the legislation pass in the House, it would face an uncertain future in the Senate where some Democratic support would be necessary in order to reach that chamber’s 60-vote threshold for approval.

The TCJA permanently lowered the corporate tax rate from 35 percent to 21 percent, but the changes the law made to the individual tax code, including rate cuts, expire in 2026.

In order to comply with budget reconciliation rules, the tax cuts for individuals were made temporary. Republicans were forced to use budget reconciliation to pass the legislation with only a majority in the Senate. Under reconciliation rules, the law could not add to the deficit outside of a 10-year budget window.