US Congress House Bill 4064 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 17-0)
Status: Introduced on February 16 2012 - 25% progression, died in committee
Action: 2012-02-16 - Referred to House Energy and Commerce
Pending: House Energy And Commerce Committee
Text: Latest bill text (Introduced) [PDF]

Keeping Promises to Taxpayers Act of 2012 - Amends the Internal Revenue Code and the Patient Protection and Affordable Care Act to repeal certain health care-related taxes and other provisions, including: (1) the requirement that certain employers provide their employees with health insurance coverage and report on such coverage, (2) the excise tax on excess benefits from employer-sponsored health care coverage, (3) the requirement that distributions from a health savings account be used to pay for prescription drugs and insulin only (thus allowing for payment of over-the-counter medications), (4) the increase (from 7.5% to 10%) in the income threshold for the medical expense tax deduction, (5) the $2,500 limitation on contributions to health flexible spending arrangements, (6) the annual fees required for businesses providing health insurance and manufacturers or importers of branded prescription drugs, (7) the Patient-Centered Outcomes Research Trust Fund, (8) the fee imposed on insured and self-insured health plans, (9) the excise taxes on medical device manufacturers and importers and on indoor tanning services, (10) the increase (from 10% to 20%) in the penalty for distributions from health savings accounts and Archer medical savings accounts not used for qualified medical expenses, and (11) the increase in the tobacco production excise tax.

Keeping Promises to Taxpayers Act of 2012

Rep. Mick Mulvaney [R-SC]	Rep. Paul Broun [R-GA]	Rep. Francisco Canseco [R-TX]	Rep. Jeff Duncan [R-SC]
Rep. Stephen Fincher [R-TN]	Rep. Bill Flores [R-TX]	Rep. Trey Gowdy [R-SC]	Rep. Tom Graves [R-GA]
Rep. Tim Huelskamp [R-KS]	Rep. Kenny Marchant [R-TX]	Rep. Jeff Miller [R-FL]	Rep. David Roe [R-TN]
Rep. David Schweikert [R-AZ]	Rep. Joe Walsh [R-IL]	Rep. Lynn Westmoreland [R-GA]	Rep. Joe Wilson [R-SC]
Rep. Kevin Yoder [R-KS]

Date	Chamber	Action
2012-02-16	House	Referred to House Energy and Commerce
2012-02-16	House	Referred to House Ways and Means
2012-02-16	House	Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/4064/all-info
Text	https://www.congress.gov/112/bills/hr4064/BILLS-112hr4064ih.pdf