[Congressional Record Volume 167, Number 41 (Thursday, March 4, 2021)]
[Senate]
[Pages S1213-S1214]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 988. Mr. SASSE submitted an amendment intended to be proposed to 
amendment SA 891 proposed by Mr. Schumer to the bill H.R. 1319, to 
provide for reconciliation pursuant to title II of S. Con. Res. 5; 
which was ordered to lie on the table; as follows:

        Strike sections 9661, 9662, and 9663 and insert the 
     following:

     SEC. 9661. EXPANSION OF HEALTH SAVINGS ACCOUNT ELIGIBILITY.

       (a) In General.--Section 223 of the Internal Revenue Code 
     of 1986 is amended--
       (1) in subsection (b)--
       (A) in paragraph (2)--
       (i) in subparagraph (A), by striking ``high deductible 
     health plan as of the first day of such month, $2,250'' and 
     inserting ``qualified health plan as of the first day of such 
     month, $5,000'', and
       (ii) in subparagraph (B), by striking ``high deductible 
     health plan as of the first day of such month, $4,500'' and 
     inserting ``qualified health plan as of the first day of such 
     month, twice the dollar amount under subparagraph (A)'', and
       (B) in paragraph (8)--
       (i) in subparagraph (A)(ii), by striking ``high deductible 
     health plan'' and inserting ``qualified health plan'', and
       (ii) in the heading of subparagraph (B), by striking ``high 
     deductible health plan'' and inserting ``qualified health 
     plan'',
       (2) in subsection (c)--
       (A) in paragraph (1)(A), by striking ``high deductible 
     health plan'' each place is appears and inserting ``qualified 
     health plan'', and
       (B) in paragraph (2)--
       (i) in the heading, by striking ``High deductible health 
     plan'' and inserting ``Qualified health plan'',
       (ii) by amending subparagraph (A) to read as follows:
       ``(A) In general.--The term `qualified health plan' means a 
     health plan that provides a level of coverage that is 
     designed to provide benefits that are actuarially equivalent 
     to not greater than 80 percent of the full actuarial value of 
     the benefits provided under the plan.'',
       (iii) by amending subparagraph (C) to read as follows:
       ``(C) Absence of deductible.--A health plan shall not fail 
     to be treated as a qualified health plan by reason of failing 
     to have a deductible for any care, services, or coverage, 
     such as preventive care, primary care, or prescription drug 
     coverage.'',
       (iv) by striking ``high deductible'' in subparagraph (E) 
     and inserting ``qualified'',
       (v) by striking subparagraph (D), and
       (vi) by redesignating subparagraphs (E) (as so amended) and 
     (F) as subparagraphs (D) and (E), respectively.
       (3) in subsection (g)(1)--
       (A) by striking ``Each dollar amount in subsections (b)(2) 
     and (c)(2)(A)'' and inserting ``The dollar amount in 
     subsection (b)(2)(A)'',
       (B) by amending subparagraph (B) to read as follows:
       ``(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 `2003' for `2016' in 
     subparagraph (A)(ii) thereof.'', and
       (C) by striking ``adjusted amounts under subsections (b)(2) 
     and (c)(2)(A)'' and inserting ``adjusted amounts under 
     subsection (b)(2)'', and
       (4) in subsection (h)(2), by striking ``high deductible 
     health plan'' and inserting ``qualified health plan''.
       (b) Conforming Amendments.--
       (1) Section 26(b)(2)(S) of the Internal Revenue Code of 
     1986 is amended by striking ``high deductible health plan'' 
     and inserting ``qualified health plan''.
       (2) Section 106(e) of such Code is amended--
       (A) in the heading of paragraph (3), by striking ``high 
     deductible health plan'' and inserting ``qualified health 
     plan'', and
       (B) in paragraph (5)(B)(ii), by striking ``high deductible 
     health plan'' and inserting ``qualified health plan''.
       (3) Section 408(d)(9) of such Code is amended--
       (A) in subparagraph (C)--
       (i) in clause (i)(I), by striking ``high deductible health 
     plan'' and inserting ``qualified health plan'', and
       (ii) in clause (ii)(II), by striking ``high deductible 
     health plan'' each place it appears and inserting ``qualified 
     health plan'', and
       (B) in the heading of subparagraph (D), by striking ``high 
     deductible health plan'' and inserting ``qualified health 
     plan''.
       (4) Section 1906A(b)(2)(B) of the Social Security Act (42 
     U.S.C. 1396e-1(b)(2)(B)) is amended by striking ``high 
     deductible health plan'' and inserting ``qualified health 
     plan''.

[[Page S1214]]

       (5) Section 1938(a)(3) of the Social Security Act (42 
     U.S.C. 1396u-8(a)(3)) is amended by inserting ``(as in effect 
     on the day before the date of the enactment of the American 
     Rescue Plan Act of 2021)'' after ``section 223(c)(2)(C) of 
     the Internal Revenue Code of 1986''.
       (6) Section 2105(c)(10)(B)(ii)(II) of the Social Security 
     Act (42 U.S.C. 1397ee(c)(10)(B)(ii)(II)) is amended by 
     striking ``high deductible health plan'' and inserting 
     ``qualified health plan''.
       (7) Section 1101(c)(2)(B)(ii) of the Patient Protection and 
     Affordable Care Act (42 U.S.C. 18001(c)(2)(B)(ii)) is amended 
     by striking ``section 223(c)(2)'' and inserting ``section 
     223(b)(2)''.
       (c) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     2020.
                                 ______