3.0.0 5324 2023-01-11T13:32:59Z 2023-01-11T13:32:59Z House HR 2016-05-25 114 [Congressional Record Volume 162, Number 83 (Wednesday, May 25, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BRAT:H.R. 5324.Congress has the power to enact this legislation pursuantto the following:The Sixteenth Amendment to the Constitution grants Congress``power to lay and collect taxes on incomes, from whateversource derived, without apportionment among the severalStates, and without regard to any census or enumeration.''Left undefined in the amendment, the ``incomes'' appropriatefor taxation must be determined through legislation passed byCongress. Congress therefore has the power to exclude fromincome taxation such sources as it deems appropriate.[Page H3265]]]> hswm00 Ways and Means Committee House Standing Referred to 2016-05-25T14:01:25Z Health Savings Account Expansion Act of 2016 114 2980 S 2016-05-25 Read twice and referred to the Committee on Finance. Identical bill CRS 2016-05-25 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2016-05-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-05-25 Introduced in House IntroReferral 1000 9 Library of Congress B001290 Rep. Brat, Dave [R-VA-7] Dave Brat R VA 7 N C001048 Rep. Culberson, John Abney [R-TX-7] JOHN CULBERSON R TX ABNEY 7 2016-05-25 True M001187 Rep. Meadows, Mark [R-NC-11] Mark Meadows R NC 11 2016-05-25 True G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2016-06-09 False S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 2016-06-14 False R000487 Rep. Royce, Edward R. [R-CA-39] ED ROYCE R CA 39 2016-07-07 False R000592 Rep. Rokita, Todd [R-IN-4] Todd Rokita R IN 4 2016-07-12 False Taxation Health care costs and insurance Health care coverage and access Income tax deductions Income tax rates Taxation 00 2016-05-25 Introduced in House 2016-08-29T19:34:29Z 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.
]]> Health Savings Account Expansion Act of 2016 Display Title Health Savings Account Expansion Act of 2016 Official Title as Introduced To amend the Internal Revenue Code of 1986 to expand the permissible use of health savings accounts to include health insurance payments and to increase the dollar limitation for contributions to health savings accounts, and for other purposes. Introduced in House IH Short Titles as Introduced Health Savings Account Expansion Act of 2016 Introduced in House 2016-05-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5324ih/xml/BILLS-114hr5324ih.xml 2016-05-25 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.