H.R. 436 (112th): Health Care Cost Reduction Act of 2012

Introduced:
Jan 25, 2011 (112th Congress, 2011–2013)
Status:
Died (Passed House)
Sponsor
Erik Paulsen
Representative for Minnesota's 3rd congressional district
Party
Republican
Text
Read Text »
Last Updated
Jun 12, 2012
Length
8 pages
Related Bills
H.R. 5906 (Related)
To amend the Internal Revenue Code of 1986 to repeal the excise tax on ...

Referred to Committee
Last Action: Jun 07, 2012

H.Res. 679 (Related)
Providing for consideration of the bill (H.R. 436) to amend the Internal Revenue Code ...

Agreed To (Simple Resolution)
Jun 07, 2012

 
Status

This bill was introduced in a previous session of Congress and was passed by the House on June 7, 2012 but was never passed by the Senate.

Progress
Introduced Jan 25, 2011
Referred to Committee Jan 25, 2011
Reported by Committee May 31, 2012
Passed House Jun 07, 2012
 
Full Title

To amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices.

Summary

No summaries available.

Votes
Jun 07, 2012 5:04 p.m.
Passed 270/146

Cosponsors
240 cosponsors (229R, 11D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


6/7/2012--Passed House amended.
Health Care Cost Reduction Act of 2012 - Amends the Internal Revenue Code to:
(1) repeal the excise tax on medical devices;
(2) repeal restrictions on payments from health savings accounts, Archer medical savings accounts, and health flexible spending and reimbursement arrangements to only prescription drugs or insulin (thus allowing distributions from such accounts for over-the-counter drugs);
(3) allow amounts in a flexible spending arrangement (FSA), up to $500, that are not spent for medical care to be distributed to the FSA participant as taxable income after the close of a plan year (currently, such unspent amounts are forfeited); and
(4) repeal the limitation on the recapture of advance payments of the tax credit for health insurance premium assistance that exceed the allowable credit amount for a taxable year.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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