HR 4136 · 107th Congress · Health

Medicare Outpatient Prescription Drug Coverage Funding Act of 2002

Introduced 2002-04-10· Sponsored by Rep. Frank, Barney [D-MA-4]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2002-04-10)

Plain Language Summary

[AI summary unavailable — showing source text] Medicare Outpatient Prescription Drug Coverage Funding Act of 2002 - Amends title XVIII (Medicare) of the Social Security Act (SSA) to transfer certain Federal estate tax revenues to the Federal Hospital Insurance Trust Fund (FHI). Establishes within FHI a separate "Outpatient Prescription Drug Account" to be used for outpatient prescription drug benefits. Amends the Internal Revenue Code to make permanent, as of 2007, a 45 percent maximum estate tax rate. Repeals the repeal of estate, gift, and generation-skipping transfer taxes by the Economic Growth and Tax Relief Reconciliation Act of 2001 (thus restoring such taxes).…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat