3.0.0 8020 2023-01-11T13:45:27Z 2023-01-11T13:45:27Z House HR 2020-08-11 116 [Congressional Record Volume 166, Number 143 (Tuesday, August 11, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. OMAR:H.R. 8020.Congress has the power to enact this legislation pursuantto the following:Article I, Section 7[Page H4232]]]> hsvr00 Veterans' Affairs Committee House Standing hsvr03 Health Subcommittee Referred to 2020-10-06T21:32:22Z Referred to 2020-08-11T16:04:00Z hsii00 Natural Resources Committee House Standing hsii24 Indian and Insular Affairs Subcommittee Referred to 2020-09-10T17:02:23Z Referred to 2020-08-11T16:04:10Z hsas00 Armed Services Committee House Standing Referred to 2020-08-11T16:04:05Z hsgo00 Oversight and Accountability Committee House Standing Referred to 2020-08-11T16:03:50Z hsif00 Energy and Commerce Committee House Standing Referred to 2020-08-11T16:03:45Z hswm00 Ways and Means Committee House Standing Referred to 2020-08-11T16:03:40Z Make Billionaires Pay Act 116 4490 S 2020-08-06 Read twice and referred to the Committee on Finance. Identical bill CRS Health Care Emergency Guarantee Act 116 6906 HR 2020-07-13 Referred to the Subcommittee on Health. Related bill CRS Health Care Emergency Guarantee Act 116 3790 S 2020-05-20 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Related bill CRS 2020-10-06 hsvr03 Health Subcommittee 1 House committee actions Referred to the Subcommittee on Health. Committee 2020-09-10 hsii24 Indian and Insular Affairs Subcommittee 1 House committee actions Referred to the Subcommittee for Indigenous Peoples of the United States. Committee 2020-08-11 Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Oversight and Reform, Veterans' Affairs, Armed Services, and Natural Resources, 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 hsii00 Natural Resources Committee 2020-08-11 Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Oversight and Reform, Veterans' Affairs, Armed Services, and Natural Resources, 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 hsas00 Armed Services Committee 2020-08-11 Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Oversight and Reform, Veterans' Affairs, Armed Services, and Natural Resources, 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 hsvr00 Veterans' Affairs Committee 2020-08-11 Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Oversight and Reform, Veterans' Affairs, Armed Services, and Natural Resources, 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 hsgo00 Oversight and Accountability Committee 2020-08-11 Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Oversight and Reform, Veterans' Affairs, Armed Services, and Natural Resources, 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 2020-08-11 Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Oversight and Reform, Veterans' Affairs, Armed Services, and Natural Resources, 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 2020-08-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-08-11 Introduced in House IntroReferral 1000 9 Library of Congress O000173 Rep. Omar, Ilhan [D-MN-5] Ilhan Omar D MN 5 N W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2020-08-11 True O000172 Rep. Ocasio-Cortez, Alexandria [D-NY-14] Alexandria Ocasio-Cortez D NY 14 2020-08-11 True P000617 Rep. Pressley, Ayanna [D-MA-7] Ayanna Pressley D MA 7 2020-08-11 True T000481 Rep. Tlaib, Rashida [D-MI-13] Rashida Tlaib D MI 13 2020-08-11 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2020-08-11 True H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2020-08-11 True J000298 Rep. Jayapal, Pramila [D-WA-7] Pramila Jayapal D WA 7 2020-08-11 True C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2020-08-14 False M001188 Rep. Meng, Grace [D-NY-6] Grace Meng D NY 6 2020-08-18 False C001072 Rep. Carson, Andre [D-IN-7] Andre Carson D IN 7 2020-08-22 False G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 2020-09-29 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2020-10-09 False Health Cardiovascular and respiratory health Congressional oversight Debt collection Drug therapy Emergency medical services and trauma care Employee benefits and pensions Government employee pay, benefits, personnel management Government information and archives Health care costs and insurance Health care coverage and access Health care quality Health information and medical records Health programs administration and funding Home and outpatient care Immunology and vaccination Indian social and development programs Infectious and parasitic diseases Medical research Medical tests and diagnostic methods Medicare Military medicine Minority health Prescription drugs Property tax Tax administration and collection, taxpayers Veterans' medical care Health 00 2020-08-11 Introduced in House 2020-10-16T19:03:43Z Make Billionaires Pay Act

This bill establishes a tax on the wealth increases of individuals with more than $1 billion in net assets during the COVID-19 (i.e., coronavirus disease 2019) pandemic and requires the Department of Health and Human Services (HHS) to pay the out-of-pocket expenses of individuals receiving medically-necessary care or services for a period of one year.

First, the bill requires individuals with net assets of more than $1 billion on December 31, 2020, to pay a tax of 60% on the amount equal to the lesser of (1) the increase in value of their net assets during the period beginning on March 18, 2020, through such date, or (2) the value of their net assets that is greater than $1 billion. The Department of the Treasury must establish rules for the application of this tax to married individuals and this tax is not deductible for the purpose of federal income tax.

Further, the bill covers the costs for services provided through public or private health insurance and to uninsured individuals, including prescription drugs and care related to COVID-19, for a period of one year beginning on the date of enactment of this bill. Health insurance plans are prohibited from increasing the cost-sharing requirements of plans while this program is in effect and HHS must report to Congress on the program on a weekly basis.

]]> Make Billionaires Pay Act Display Title Make Billionaires Pay Act Short Title(s) as Introduced Make Billionaires Pay Act Introduced in House IH Official Title as Introduced To impose an emergency tax on the increase in wealth of billionaires during the COVID-19 pandemic in order to pay out-of-pocket healthcare expenses of the uninsured and under-insured, including prescription drugs, for one year. Introduced in House IH Introduced in House 2020-08-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr8020ih/xml/BILLS-116hr8020ih.xml 2020-10-06 Referred to the Subcommittee on Health. 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.