Bill Sponsor
House Bill 35
115th Congress(2017-2018)
Health Savings Act of 2017
Introduced
Introduced
Introduced in House on Jan 3, 2017
Overview
Text
Introduced
Jan 3, 2017
Latest Action
Jan 12, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
35
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Republican
Texas
Republican
Louisiana
Republican
Maryland
Republican
New Jersey
Republican
North Carolina
Republican
North Carolina
Republican
North Dakota
Republican
South Carolina
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Health Savings Act of 2017

This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to: (1) allow an additional tax deduction for amounts paid to the HSA of a taxpayer's child or grandchild; (2) allow a rollover of HSA funds to the child, parent, or grandparent of an account holder; (3) increase the maximum HSA contribution limit to match the amount of the deductible and out-of-pocket expenses under a high deductible health plan; and (4) expand the definition of an HSA compatible plan to include bronze, silver, and catastrophic plans on an insurance exchange.

The bill also amends the federal bankruptcy code to treat HSAs in the same manner as individual retirement accounts for purposes of determining exemptions from the bankruptcy estate.

Text (1)
January 3, 2017
Actions (4)
01/12/2017
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
01/10/2017
Referred to the Subcommittee on Health.
01/03/2017
Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
01/03/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:34:29 PM