Bill115th CongressFiled Jan 4, 2017Taxation
S. 28
Health Savings Account Expansion Act of 2017
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jan 4, 2017)
Health Savings Account Expansion Act of 2017
This bill amends the Internal Revenue Code to modify the requirements for health savings accounts (HSAs) 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.
What just happenedJan 4, 2017
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S60-61)
Who’s behind it
Sen. Flake, Jeff [R-AZ](R-AZ)Sponsor
2 cosponsors2 R
2cosponsors1committees2actions1related bills4subjects
- Introduced in SenateJan 4, 2017
- Jan 4, 2017IntroReferral
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S60-61)
Finance Committee - Jan 4, 2017IntroReferral10000
Introduced in Senate