To amend the Internal Revenue Code of 1986 to extend and modify the enhanced premium tax credit, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
Extends the enhanced Affordable Care Act premium tax credit through 2029 and broadens eligibility by raising the income cap to 1,000 percent of the federal poverty level.
Who Benefits and How
People buying coverage through ACA marketplaces could receive larger premium subsidies for four more years, including households above the previous income limit.
Who Bears the Burden and How
Federal taxpayers would bear higher subsidy costs, and the Treasury would continue administering a more generous tax credit.
Key Provisions
- Extends the enhanced premium tax credit rules through tax year 2029.
- Raises the post-2025 income eligibility cap from 400 percent to 1,000 percent of the federal poverty level.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Extends the enhanced Affordable Care Act premium tax credit through 2029 and broadens eligibility by raising the income cap to 1,000 percent of the federal poverty level.
Key Policy Areas
Health Care, Taxes
Primary Purpose
Extends the enhanced Affordable Care Act premium tax credit through 2029 and broadens eligibility by raising the income cap to 1,000 percent of the federal poverty level.
Policy Domains
Main Provisions
Identified Gains
Contextual inference, no direct clause citation- Households purchasing coverage through ACA marketplaces
- Health insurers participating in ACA marketplaces
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Federal taxpayers financing higher premium subsidies
Contextual inference, no direct clause citation
Legislative Progress
IntroducedMr. Schneider introduced the following bill; which was referred to …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Federal taxpayers financing larger premium subsidies
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology