[Congressional Record Volume 163, Number 127 (Thursday, July 27, 2017)]
[Senate]
[Pages S4450-S4451]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 415. Mr. CRUZ submitted an amendment intended to be proposed to
amendment SA 267 proposed by Mr. McConnell to the bill H.R. 1628, to
provide for reconciliation pursuant to title II of the concurrent
resolution on the budget for fiscal year 2017; which was ordered to lie
on the table; as follows:
At the appropriate place, insert the following:
SEC. ___. MAXIMUM CONTRIBUTION LIMIT TO HEALTH SAVINGS
ACCOUNT INCREASED.
(a) Self-only Coverage.--Section 223(b)(2)(A) of the
Internal Revenue Code of 1986 is amended by striking
``$2,250'' and inserting ``$10,800''.
(b) Family Coverage.--Section 223(b)(2)(B) of the Internal
Revenue Code of 1986 is amended by striking ``$4,500'' and
inserting ``$29,500''.
(c) Cost-of-living Adjustment.--Section 223(g) of the
Internal Revenue Code of 1986 is amended--
(1) in paragraph (1), by striking ``subsections (b)(2)
and'' both places it appears and inserting ``subsection'',
(2) in paragraph (1)(B), by striking ``determined by'' and
all that follows through `` `calendar year 2003'.'' and
inserting ``determined by substituting `calendar year 2003'
for `calendar year 1992' in subparagraph (B) thereof.'',
(3) by redesignating paragraph (2) as paragraph (3),
(4) by inserting ``or (2)'' after ``paragraph (1)'' in
paragraph (3), as so redesignated, and
(5) by inserting after paragraph (1) the following new
paragraph:
``(2) Contribution limits.--In the case of any taxable year
beginning after December 31, 2018, each dollar amount in
subsection (b)(2) shall be increased by an amount equal to--
``(A) such dollar amount, multiplied by
``(B) the cost-of-living adjustment determined under
section 1(f)(3) for the calendar year in which such taxable
year begins, determined by substituting `2017' for `1992' in
subparagraph (B) thereof.''.
(d) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2017.
[[Page S4451]]
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