US Congress Senate Bill 2980 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on May 25 2016 - 25% progression, died in committee
Action: 2016-05-25 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Health Savings Account Expansion Act of 2016 This bill amends the Internal Revenue Code to modify the requirements for health savings accounts (HSAs). The bill modifies the requirements to: increase the maximum contribution amounts, permit the use of HSAs to pay health insurance premiums and direct primary care expenses, repeal the restriction on using HSAs for over-the-counter medications, eliminate the requirement that a participant in an HSA be enrolled in a high deductible health care plan, and decrease the additional tax for HSA distributions not used for qualified medical expenses.

Health Savings Account Expansion Act of 2016

Sen. Jeff Flake [R-AZ]

Sen. David Vitter [R-LA]

Date	Chamber	Action
2016-05-25	Senate	Read twice and referred to the Committee on Finance.

HB5324 (Same As) 2016-05-25 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2980/all-info
Text	https://www.congress.gov/114/bills/s2980/BILLS-114s2980is.pdf