HR 5687 · 118th Congress · Taxation

HSA Modernization Act of 2023

Introduced 2023-09-26· Sponsored by Rep. Van Duyne, Beth [R-TX-24]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 317.(2024-02-13)

Plain Language Summary

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 5687 Introduced in House (IH)] <DOC> 118th CONGRESS 1st Session H. R. 5687 To amend the Internal Revenue Code of 1986 to modernize health savings accounts. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 26, 2023 Ms. Van Duyne introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to modernize health savings accounts. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``HSA Modernization Act of 2023''. SEC. 2. INDIVIDUALS WITHOUT SERVICE-CONNECTED DISABILITY AND ELIGIBLE FOR CERTAIN VETERANS BENEFITS PERMITTED TO CONTRIBUTE TO HEALTH SAVINGS ACCOUNTS. (a) In General.--Section 223(c)(1)(C) of the Internal Revenue Code of 1986 is amended by striking ``for a service-connected disability (within the meaning of section 101(16) of title 38, United States Code)''. (b) Ef…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 5687, HSA Modernization Act of 2023

Dec 19, 2023

As ordered reported by the House Committee on Ways and Means on September 28, 2023

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office