H.R. 5195 (98th): A bill to amend title XVIII of the Social Security Act to prohibit the revaluation of hospital facilities and equipment for depreciation and interest purposes under the medicare program because of the change of ownership of the facilities or equipment.

Introduced:
Mar 20, 1984 (98th Congress, 1983–1984)
Status:
Died (Referred to Committee)
Sponsor
Michael Lowry
Representative for Washington's 7th congressional district
Party
Democrat
Related Bills
H.R. 4170 (Related)
Deficit Reduction Act of 1984

Signed by the President
Jul 18, 1984

 
Status

This bill was introduced on March 20, 1984, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 20, 1984
Referred to Committee Mar 20, 1984
 
Summary

No summaries available.

Cosponsors
14 cosponsors (14D) (show)
Committees

House Energy and Commerce

House Ways and Means

Health

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.


3/20/1984--Introduced.
Amends title XVIII (Medicare) of the Social Security Act to provide that in establishing an appropriate allowance for depreciation and for interest on capital indebtedness with respect to a hospital's asset which has undergone a change of ownership:
(1) the valuation of the asset as a result of the change shall not exceed the net book value of the asset;
(2) to the extent that the sum of the capital indebtedness and equity exceeds the net book value of the asset, capital indebtedness and equity shall not be recognized; and
(3) only the amount (if any) by which the net book value of the asset exceeds the equity established with respect to the asset shall be recognized as capital indebtedness.
Defines "net book value" to mean, with respect to a hospital asset the ownership of which has changed, the valuation of the asset established for Medicare (less accumulated depreciation) on the date before the date of the ownership change.

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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