US HB5324 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Republican 7-0)
Status: Introduced on May 25 2016 - 25% progression, died in committee
Action: 2016-05-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 25 2016 - 25% progression, died in committee
Action: 2016-05-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Health Savings Account Expansion Act of 2016 This bill amends the Internal Revenue Code to modify the requirements for health savings accounts (HSAs). The bill modifies the requirements to: increase the maximum contribution amounts, permit the use of HSAs to pay health insurance premiums and direct primary care expenses, repeal the restriction on using HSAs for over-the-counter medications, eliminate the requirement that a participant in an HSA be enrolled in a high deductible health care plan, and decrease the additional tax for HSA distributions not used for qualified medical expenses.
Title
Health Savings Account Expansion Act of 2016
Sponsors
Rep. Dave Brat [R-VA] | Rep. John Culberson [R-TX] | Rep. Mark Meadows [R-NC] | Rep. Louie Gohmert [R-TX] |
Rep. David Schweikert [R-AZ] | Rep. Edward Royce [R-CA] | Rep. Todd Rokita [R-IN] |
History
Date | Chamber | Action |
---|---|---|
2016-05-25 | House | Referred to the House Committee on Ways and Means. |
2016-05-25 | House | Introduced in House |
Same As/Similar To
SB2980 (Same As) 2016-05-25 - Read twice and referred to the Committee on Finance.
Subjects
Health care costs and insurance
Health care coverage and access
Income tax deductions
Income tax rates
Taxation
Health care coverage and access
Income tax deductions
Income tax rates
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/5324/all-info |
Text | https://www.congress.gov/114/bills/hr5324/BILLS-114hr5324ih.pdf |