US Congress Senate Bill 262 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on February 3 2011 - 25% progression, died in committee
Action: 2011-02-03 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Repeals the provision of the Internal Revenue Code, added by the Health Care and Education Reconciliation Act of 2010, that imposes an excise tax on medical devices. Rescinds $39 billion of appropriated but unobligated discretionary funds. Exempts unobligated funds of the Department of Defense (DOD) or the Department of Veterans Affairs (VA). Requires the Director of the Office of Management and Budget (OMB) to determine and identify from which appropriation accounts such recissions shall apply and report to the Secretary of the Treasury and Congress on such recissions.

A bill to repeal the excise tax on medical device manufacturers.

Sen. Scott Brown [R-MA]

Sen. Mike Johanns [R-NE]

Sen. Richard Lugar [R-IN]

Sen. Pat Toomey [R-PA]

Date	Chamber	Action
2011-02-03	Senate	Read twice and referred to the Committee on Finance.
2011-02-03	Senate	Sponsor introductory remarks on measure. (CR S545-546)

HB436 (Related) 2012-06-12 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 427.
HB488 (Related) 2011-01-26 - Referred to the House Committee on Ways and Means.
SB17 (Related) 2011-01-25 - Read twice and referred to the Committee on Finance.
HB734 (Related) 2011-02-16 - Referred to House Appropriations
SB1885 (Related) 2011-11-17 - Read twice and referred to the Committee on Finance.
HB5906 (Related) 2012-06-07 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/262/all-info
Text	https://www.congress.gov/112/bills/s262/BILLS-112s262is.pdf