SB3608: Protecting Life in Health Savings Accounts Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Internal Revenue Code of 1986 to prohibit treatment of certain distributions and reimbursements for certain abortions as qualified medical expenses.
Plain-language summary
This bill would change tax rules for Health Savings Accounts (HSAs), which are special savings accounts people use to pay for medical expenses with pretax money. The bill would prohibit using HSA money to pay for certain abortion procedures and would treat those payments as taxable withdrawals. Currently, HSAs can be used for most medical expenses without tax penalties. The bill is in the early stage after being introduced in Congress. It was sponsored by a group of Republican senators and currently has no companion bill in the House.
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SB3608: Protecting Life in Health Savings Accounts Act
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Sponsors
Mike Lee
Primary SponsorCo-sponsors (7)
Mike Braun
Marsha Blackburn
Bill Hagerty
Marco Rubio
Kevin Cramer