[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5465 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5465

  To amend the Internal Revenue Code of 1986 to expand health savings 
                               accounts.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 15, 2014

    Mr. Bera of California introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to expand health savings 
                               accounts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Middle Class Family Savings Act of 
2014''.

SEC. 2. HEALTH SAVINGS ACCOUNTS.

    (a) Increase in Maximum Deductible Amounts.--Section 223(b)(2) of 
the Internal Revenue Code of 1986 is amended--
            (1) in subparagraph (A) by striking ``$2,250'' and 
        inserting ``the amount in effect under subsection 
        (c)(2)(A)(ii)(I) for the taxable year'', and
            (2) in subparagraph (B) by striking ``$4,500'' and 
        inserting ``the amount in effect under subsection 
        (c)(2)(A)(ii)(II) for the taxable year''.
    (b) Conforming Amendments to COLA.--Section 223(g)(1) of the 
Internal Revenue Code of 1986 is amended--
            (1) by striking ``subsections (b)(2) and'' both places it 
        appears and inserting ``subsection'', and
            (2) in the first sentence by striking ``substituting for'' 
        and all that follows and inserting ``substituting `calendar 
        year 2003' for `calendar year 1992' in subparagraph (B) 
        thereof.''.
    (c) Medical Expenses of Young Adult Children.--The first sentence 
of section 223(d)(2)(A) of the Internal Revenue Code of 1986 is amended 
by inserting ``and any child (as defined in section 152(f)(1)) of such 
individual who as of the end of the taxable year has not attained age 
27''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2014.
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