Simplify and Expand Health Savings Accounts Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 6857 Introduced in House (IH)] <DOC> 118th CONGRESS 1st Session H. R. 6857 To amend the Internal Revenue Code of 1986 to modernize health savings accounts, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 19, 2023 Mr. Gallagher 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, and for other purposes. 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 ``Simplify and Expand Health Savings Accounts Act''. SEC. 2. MODERNIZATION OF HEALTH SAVINGS ACCOUNTS. (a) In General.--Section 223 of the Internal Revenue Code of 1986 is amended to read as follows: ``SEC. 223. HEALTH SAVINGS ACCOUNTS. ``(a) Deduction Allowed.--In the case of an individual who is an eligible individual for any month during the taxable y…