To amend the Internal Revenue Code of 1986 to modernize health savings accounts, 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
This bill, To amend the Internal Revenue Code of 1986 to modernize health savings accounts, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Healthcare, Labor.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H7F717842D17849FB88510D93080C0EBB: 1. Short title This Act may be cited as the Simplify and Expand Health Savings Accounts Act.
- Section H365F919F50CB443A97BB131521B547E2: 2. Modernization of health savings accounts Section 223 of the Internal Revenue Code of 1986 is amended to read as follows: 223.Health savings...
- Section H66ECD26E90394091A5C59DFED533CB95: 223. Health savings accounts In the case of an individual who is an eligible individual for any month during the taxable year, there shall be allowed as a...
- Section H4EE67DF597874B90BD0EF42C7C7CEB27: 3. Unused premium tax credits may be deposited in health savings accounts Section 36B is amended by redesignating subsection (h) as subsection (i) and by...
- Section HD02AC43A0710450698792A667D1253B6: 4. One-time application of saver’s credit to contributions to health savings accounts In the case of an applicable taxable year, contributions to any health...
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
This bill, To amend the Internal Revenue Code of 1986 to modernize health savings accounts, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Healthcare, Labor
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to modernize health savings accounts, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Legislative Progress
IntroducedMr. Gallagher 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
Who is "The Secretary" in each section?
- "the_administrator"
- → The Administrator identified in the operative section
- "secretary_of_treasury"
- → Secretary of the Treasury
- "secretary_of_health_and_human_services"
- → Secretary of Health and Human Services
Key Definitions
Terms defined in this bill
only the following: All employees
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