[House Prints 112-23]
[From the U.S. Government Publishing Office]



 
                         JUNE 1, 2012

                 RULES COMMITTEE PRINT 112-23 


             TEXT OF H.R. 436, THE PROTECT MEDICAL 


                    INNOVATION ACT OF 2011 



1  SECTION 1. SHORT TITLE; TABLE OF CONTENTS.  
2  (a)  SHORT TITLE.-This Act may be cited  as  the  
3  "Health Care Cost Reduction Act of 2012".  
4  (b) TABLE OF CONTENTS.-The table of contents for  
5  this Act is as follows:  
Sec. 1. Short title: table of contents. Sec. 2. Repeal of medical device excise tax. Sec. 3. Repeal of disqualification of expenses for over-the-counter drugs under certain accounts and arrangements. Sec. 4. Taxable distributions of unused balances under health flexible spending arrangements. Sec. 5. Recapture of overpayments resulting from certain federally-subsidized health insurance.  
6  SEC. 2. REPEAL OF MEDICAL DEVICE EXCISE TAX.  
7  (a) IN GENERAL.-Chapter 32 of the Internal Revï¿½ 
S  enue Code of 1986 is amended by striking subchapter E.  
9  (b) CONFORMING AMENDMENTS.ï¿½ 
10  (1) Subsection (a) of section 4221 of such Code  
11  is amended by striking the last sentence.  
12  (2) Paragraph (2) of section 6416(b)  of such  
13  Code is amended by striking the last sentence.  






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