American Future Healthcare Act of 2016
Latest action · Dec 8, 2016 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedDec 8, 2016
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
American Future Healthcare Act of 2016
This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to:
- repeal the requirement that an individual making a tax deductible contribution to an HSA be covered by a high deductible health care plan;
- increase the maximum HSA contribution level;
- allow Medicare eligible individuals to contribute to an HSA;
- allow HSAs to be used to purchase health insurance;
- provide a cost-of-living adjustment for the limits on additional contributions for individuals 55 or older (catch-up contributions);
- require the cost-of-living adjustments to be indexed to the CPI medical care component (the medical care component for the Consumer Price Index for All Urban Consumers published by the Department of Labor); and
- allow a rollover of HSA amounts to a Medicare Advantage Medical Savings Account (MSA).
Cosponsors
Members who signed on, in the order they did.
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Dec 8, 2016 |
Actions 2
Everything that happened, newest first.
- Dec 8, 2016Introduced in House
- Dec 8, 2016Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 162, no. 177, December 8, 2016, page H7570.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 408 | American Future Healthcare Act of 2017 | Reintroduced Bill | Jan 10, 2017 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to expand health savings accounts, and for other purposes.
- Short Titles as Introduced
- American Future Healthcare Act of 2016
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Dec 8, 2016Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
