[Congressional Record Volume 171, Number 131 (Wednesday, July 30, 2025)]
[Senate]
[Pages S4908-S4909]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
By Mr. SCHUMER (for himself, Mr. Wyden, Mr. Merkley, Mrs.
Shaheen, Ms. Hirono, Mr. Welch, Ms. Duckworth, Mr.
Hickenlooper, Mr. King, Mr. Lujan, Mr. Sanders, Mr. Reed, Mr.
Van Hollen, Mr. Peters, Mr. Blumenthal, Mrs. Murray, Mr.
Schatz, Mr. Whitehouse, Ms. Warren, Mr. Warner, Mrs.
Gillibrand, Mr. Kaine, Mr. Schiff, Ms. Baldwin, Mr. Markey, Mr.
Coons, Ms. Alsobrooks, Mr. Durbin, Mr. Padilla, Mr. Gallego,
Ms. Rosen, Mr. Warnock, Ms. Smith, Mr. Kelly, Mr. Booker, Ms.
Slotkin, Mr. Bennet, Mr. Kim, Ms. Cortez Masto, Ms. Cantwell,
Ms. Klobuchar, Ms. Blunt Rochester, Mr. Heinrich, Mr.
Fetterman, Mr. Ossoff, Ms. Hassan, and Mr. Murphy):
S. 2556. A bill to repeal the changes made by the health subtitle of
the One Big Beautiful Bill Act, and for other purposes; to the
Committee on Finance.
Mr. SCHUMER. Mr. President, I ask unanimous consent that the text of
the bill be printed in the Record.
There being no objection, the text of the bill was ordered to be
printed in the Record, as follows:
S. 2556
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,
[[Page S4909]]
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Protecting Health Care and
Lowering Costs Act''.
SEC. 2. REPEAL OF HEALTH SUBTITLE CHANGES.
Subtitle B of title VII of the Act titled ``An Act to
provide for reconciliation pursuant to title II of H. Con.
Res. 14'' (Public Law 119-21) is repealed and any law or
regulation referred to in such subtitle shall be applied as
if such subtitle and the amendments made by such subtitle had
not been enacted.
SEC. 3. PERMANENT EXTENSION OF ENHANCED TAX CREDIT.
(a) In General.--Subparagraph (A) of section 36B(c)(1) of
the Internal Revenue Code of 1986 is amended by striking
``but does not exceed 400 percent''.
(b) Applicable Percentages.--
(1) In general.--Subparagraph (A) of section 36B(b)(3) of
the Internal Revenue Code of 1986 is amended to read as
follows:
``(A) Applicable percentage.--The applicable percentage for
any taxable year shall be the percentage such that the
applicable percentage for any taxpayer whose household income
is within an income tier specified in the following table
shall increase, on a sliding scale in a linear manner, from
the initial premium percentage to the final premium
percentage specified in such table for such income tier:
------------------------------------------------------------------------
The initial
``In the case of household income premium The final
(expressed as a percent of poverty line) percentage premium
within the following income tier; is-- percentage is--
------------------------------------------------------------------------
Up to 150 percent......................... 0 0
150 percent up to 200 percent............. 0 2.0
200 percent up to 250 percent............. 2.0 4.0
250 percent up to 300 percent............. 4.0 6.0
300 percent up to 400 percent............. 6.0 8.5
400 percent and higher.................... 8.5 8.5.''.
------------------------------------------------------------------------
(2) Conforming amendments relating to affordability of
coverage.--
(A) Paragraph (1) of section 36B(c) of such Code is amended
by striking subparagraph (E).
(B) Subparagraph (C) of section 36B(c)(2) of such Code is
amended by striking clause (iv).
(C) Paragraph (4) of section 36B(c) of such Code is amended
by striking subparagraph (F).
(c) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2025.
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