[Congressional Record Volume 168, Number 133 (Saturday, August 6, 2022)]
[Senate]
[Page S4231]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5207. Mr. PAUL submitted an amendment intended to be proposed by 
him to the bill H.R. 5376, to provide for reconciliation pursuant to 
title II of S. Con. Res. 14; which was ordered to lie on the table; as 
follows:

        At the end of title I, insert the following:

                  Subtitle E--Health Savings Accounts

     SEC. 14001. INCREASE IN CONTRIBUTION LIMITATIONS.

       (a) In General.--Subsection (b) of section 223 of the 
     Internal Revenue Code of 1986 is amended--
       (1) by striking paragraph (1) and inserting the following:
       ``(1) In general.--The amount allowable as a deduction 
     under subsection (a) to an individual for the taxable year 
     shall not exceed--
       ``(A) in the case of an eligible individual who has self-
     only coverage under a high deductible health plan as of the 
     first day of the taxable year, an amount equal to the 
     applicable dollar amount under paragraph (1)(B) of section 
     402(g) (as adjusted pursuant to paragraph (4) of such 
     section) with respect to such taxable year, or
       ``(B) in the case of an eligible individual who has family 
     coverage under a high deductible health plan as of the first 
     day of the taxable year, an amount equal to 200 percent of 
     the amount determined under subparagraph (A).'',
       (2) by striking paragraphs (2), (3), (7), and (8),
       (3) by inserting after paragraph (1) the following:
       ``(2) Additional contributions for individuals 50 or 
     older.--In the case of an individual who has attained age 50 
     before the close of the taxable year, the amount of the 
     limitation under subparagraphs (A) and (B) of paragraph (1) 
     shall be increased by an amount equal to the applicable 
     dollar amount under subparagraph (B)(i) of section 414(v)(2) 
     (as adjusted pursuant to subparagraph (C) of such 
     section).'',
       (4) in paragraph (4), by striking the flush matter 
     following subparagraph (C),
       (5) in paragraph (5), by striking subparagraph (B) and 
     inserting the following:
       ``(B) the limitation under paragraph (1) (after the 
     application of subparagraph (A) and without regard to any 
     additional contribution amount under paragraph (2)) shall be 
     divided equally between them unless they agree on a different 
     division.'', and
       (6) by redesignating paragraphs (4), (5), and (6) as 
     paragraphs (3), (4), and (5), respectively.
       (b) Conforming Amendments.--
       (1) Subparagraph (A) of section 223(d)(1) of the Internal 
     Revenue Code of 1986 is amended by striking ``the sum of--'' 
     and all that follows through the period and inserting ``the 
     amount determined under subsection (b)(1).''.
       (2) Subsection (g) of section 223 of such Code is amended--
       (A) by striking ``subsections (b)(2) and (c)(2)(A)'' both 
     places it appears and inserting ``subsection (c)(2)(A)'', and
       (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 `calendar year 2003' 
     for `calendar year 2016' in subparagraph (A)(ii) thereof.''.
       (3) Section 26(b)(2)(S) of such Code is amended by striking 
     ``, 223(b)(8)(B)(i)(II),''.
       (4) Section 408(d)(9)(C)(i)(I) of such Code is amended by 
     striking ``computed on the basis of the type of coverage 
     under the high deductible health plan covering the 
     individual''.
       (c) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after the date of the 
     enactment of this Act.
       (d) Temporary Application.--On January 1, 2033, the 
     amendments made by subsections (a) and (b) shall be repealed 
     and the provisions of law amended by such subsections shall 
     be restored as if such subsections had never been enacted.

     SEC. 14002. REPEALS.

       (a) Internal Revenue Code of 1986.--The amendments made by 
     the following provisions of this Act are repealed, and the 
     Internal Revenue Code of 1986 shall be applied as if such 
     amendments had not been enacted:
       (1) Section 13101.
       (2) Section 13102.
       (3) Section 13103.
       (4) Section 13104.
       (5) Section 13201.
       (6) Section 13701.
       (7) Section 13702.
       (8) Section 13703.
       (9) Section 13704.
       (b) Effective Date.--The repeals made by this section shall 
     take effect as if included in the enactment of the section to 
     which they relate.
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