3.0.0 6286 2022-02-09T03:11:44Z 2022-02-09T03:11:44Z House HR 2020-03-13 116 [Congressional Record Volume 166, Number 49 (Friday, March 13, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BURGESS:H.R. 6286.Congress has the power to enact this legislation pursuantto the following:Article I, Section VIII, Clause 1 of the United StatesConstitution, which grants Congress the power to lay andcollect taxes, duties, imposts and excises, to pay the debtsand provide for the common defense and general welfare of theUnited States; but all duties, imposts and excises shall beuniform throughout the United States.Article I, Section 8, Clause 3, of the United StatesConstitution, which grants Congress the power to regulatecommerce with foreign nations, and among the several states,and with the Indian tribes.[Page H1694]]]> hsif00 Energy and Commerce Committee House Standing Referred to 2020-03-13T13:02:00Z hsju00 Judiciary Committee House Standing Referred to 2020-03-13T13:01:50Z hswm00 Ways and Means Committee House Standing Referred to 2020-03-13T13:01:45Z 2020-03-13 Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2020-03-13 Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2020-03-13 Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-03-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-03-13 Introduced in House IntroReferral 1000 9 Library of Congress B001248 Rep. Burgess, Michael C. [R-TX-26] Michael Burgess R TX C. 26 N Taxation Bankruptcy Child health Employee benefits and pensions Health care costs and insurance Health care coverage and access Income tax deductions Income tax exclusion Tax treatment of families Taxation 00 2020-03-13 Introduced in House 2020-04-06T13:45:18Z Health Savings Act of 2020

This bill revises requirements for health savings accounts (HSAs) to (1) allow an additional tax deduction for amounts paid to the HSA of a taxpayer's child or grandchild; (2) allow a rollover of HSA funds to the child, parent, or grandparent of an account holder; (3) increase the maximum HSA contribution limit to match the amount of the deductible and out-of-pocket expenses under a high deductible health plan; and (4) expand the definition of an HSA compatible plan to include bronze, silver, and catastrophic plans on an insurance exchange.

The bill also amends the bankruptcy code to treat HSAs in the same manner as individual retirement accounts for purposes of determining exemptions from the bankruptcy estate.

]]> Health Savings Act of 2020 Display Title Health Savings Act of 2020 Official Title as Introduced To amend the Internal Revenue Code of 1986 to modify rules relating to health savings accounts. Introduced in House IH Short Title(s) as Introduced Health Savings Act of 2020 Introduced in House IH Introduced in House 2020-03-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6286ih/xml/BILLS-116hr6286ih.xml 2020-03-13 Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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.