[Congressional Record Volume 167, Number 42 (Friday, March 5, 2021)]
[Senate]
[Page S1386]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 1365. Mr. LEE (for himself and Mr. Scott of South Carolina)
submitted an amendment intended to be proposed to amendment SA 891
proposed by Mr. Schumer (for himself, Mr. Wyden, Mrs. Murray, Mr.
Brown, Mr. Peters, Mr. Cardin, Ms. Cantwell, Ms. Stabenow, Mr. Tester,
Mr. Menendez, Mr. Schatz, Mr. Carper, Mr. Leahy, and Mr. Sanders) 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 part 7 of subtitle G of title IX and insert the
following:
PART 7--EXPANSION OF HEALTH SAVINGS ACCOUNT ELIGIBILITY
SEC. 9661. EXPANSION OF HEALTH SAVINGS ACCOUNT ELIGIBILITY.
(a) In General.--Section 223(c)(1) of the Internal Revenue
Code of 1986 is amended by adding at the end the following
new subparagraph:
``(E) Special rule for taxable years 2020 through 2025.--In
the case of any taxable year beginning after December 31,
2020, and before January 1, 2026, the term eligible
individual includes, for any month, any individual if such
individual is covered under a health plan that provides a
level of coverage that is designed to provide benefits that
are actuarially equivalent to not greater than 60 percent of
the full actuarial value of the benefits provided under the
plan.''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2020.
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