H.R. 10015
Great American Healthcare Act
Sponsor: Eric Burlison · 0 cosponsors
Official summary
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Text of the bill
I Health Savings Accounts
(a) In general. Paragraph (4) of section 223(e) of the Internal Revenue Code of 1986, as amended and redesignated by the preceding sections of this Act, is amended by adding at the end the following new subparagraph:
(D) Exception for administrative errors corrected before due date of return. Subparagraph (A) shall not apply if any payment or distribution is made to correct an administrative, clerical, or payroll contribution error and if— Any net income described in clause (ii) shall be included in the gross income of the individual for the taxable year in which it is received.
(i) such distribution is received by the individual on or before the last day prescribed by law (including extensions of time) for filing such individual’s return for such taxable year, and
(ii) such distribution is accompanied by the amount of net income attributable to such contribution.
(b) Effective date. The amendment made by this section shall take effect on the date of the enactment of this Act.
II Health Marketplace for All
III Strengthening Hospital and Insurer Price Transparency
IV Protecting Patient Access to Cancer and Complex Therapies
V Expanded-access Prescription Drugs
VI Repeal of Certain Federal Reserve System Earnings on Balances