To amend the Internal Revenue Code of 1986 to make improvements to Health Savings Accounts.
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
The bill requires repeal of requirement to be enrolled in health plan Subsection (a) of section 223 of the Internal Revenue Code of 1986 is amended to read as follows: (a)Deduction allowedIn the case of an individual, there, requires repeal of limitations; retention of denial of deduction to dependents Subsection (b) of section 223 of the Internal Revenue Code of 1986 is amended to read as follows: (b)Denial of deduction to dependentsNo, and requires repeal of rules relating to eligible individual; high deductible health plan Section 223 of the Internal Revenue Code of 1986 is amended by striking subsections (c) and (g) and by redesignating subsections (d). It relies on compliance mandates, definition changes, tax rate changes, and tax deductions. The main policy areas are Regulated Industries, Healthcare, Finance, and Energy.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk, Regulated entities and members of the public affected by the bill could face lower compliance burdens, and Patients and health care consumers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Patients and health care consumers affected by the bill would take on compliance duties, and Regulated entities and members of the public affected by the bill could lose revenue opportunities.
Key Provisions
- Requires repeal of requirement to be enrolled in health plan Subsection (a) of section 223 of the Internal Revenue Code of 1986 is amended to read as follows: (a)Deduction allowedIn the case of an individual, there...
- Requires repeal of limitations; retention of denial of deduction to dependents Subsection (b) of section 223 of the Internal Revenue Code of 1986 is amended to read as follows: (b)Denial of deduction to dependentsNo...
- Requires repeal of rules relating to eligible individual; high deductible health plan Section 223 of the Internal Revenue Code of 1986 is amended by striking subsections (c) and (g) and by redesignating subsections (d)...
- Requires health Savings Account Subparagraph (A) of section 223(c)(1) of the Internal Revenue Code of 1986, as amended by the preceding sections of this Act, is amended to read as follows: (A)Except in the case of a...
- Requires qualified medical expenses Paragraph (2) of section 223(c) of the Internal Revenue Code of 1986, as redesignated by the preceding provisions of this Act, is amended to read as follows: (2)Qualified medical...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires repeal of requirement to be enrolled in health plan Subsection (a) of section 223 of the Internal Revenue Code of 1986 is amended to read as follows: (a)Deduction allowedIn the case of an individual, there, requires repeal of limitations; retention of denial of deduction to dependents Subsection (b) of section 223 of the Internal Revenue Code of 1986 is amended to read as follows: (b)Denial of deduction to dependentsNo, and requires repeal of rules relating to eligible individual; high deductible health plan Section 223 of the Internal Revenue Code of 1986 is amended by striking subsections (c) and (g) and by redesignating subsections (d).
Key Policy Areas
Regulated Industries, Healthcare, Finance, Energy
Primary Purpose
The bill requires repeal of requirement to be enrolled in health plan Subsection (a) of section 223 of the Internal Revenue Code of 1986 is amended to read as follows: (a)Deduction allowedIn the case of an individual, there, requires repeal of limitations; retention of denial of deduction to dependents Subsection (b) of section 223 of the Internal Revenue Code of 1986 is amended to read as follows: (b)Denial of deduction to dependentsNo, and requires repeal of rules relating to eligible individual; high deductible health plan Section 223 of the Internal Revenue Code of 1986 is amended by striking subsections (c) and (g) and by redesignating subsections (d).
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Regulated entities and members of the public affected by the bill
- Patients and health care consumers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Patients and health care consumers affected by the bill
- Regulated entities and members of the public affected by the bill
- Environmental and public health interests affected by the bill
- Electric utilities and power customers affected by the bill
Legislative Progress
IntroducedMr. Rosendale introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
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