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Bill· HRH.R. 4533 (116th)referred
United States · United States Congress · 26 September 2019
Native Health Access Improvement Act of 2019 This bill establishes a grant program for Indian health facilities and expands the applicability of certain federal health care provisions to American Indians and Alaska Natives. Specifically, the bill provides funds for and requires the Indian Health Service (IHS) to award grants to Indian health facilities for the prevention and treatment of mental health and substance use disorders. The IHS must establish a technical assistance center for grantees. The bill defines Indian for purposes of health insurance reform, exchanges, and subsidies to include individuals of Indian descent who are members of an Indian community served by the IHS and individuals considered by the Department of Health and Human Services to be Indian for purposes of eligibility for Indian health care services. Individuals included in the definition are eligible for special monthly enrollment periods on health insurance exchanges and elimination of cost sharing under individual health coverage for those whose income is not more than 300% of the poverty line. Under current law, only members of Indian tribes are eligible for these benefits. The bill also exempts Indians, as defined by the bill, from the tax penalty for not maintaining minimum essential health coverage.
Bill· HRH.R. 4530 (116th)referred
United States · United States Congress · 26 September 2019
Native American Health Savings Improvement Act This bill amends the Internal Revenue Code to allow individuals who are eligible for a medical care program of the Indian Health Service or a tribal organization to participate in health savings accounts.
Bill· HRH.R. 4518 (116th)referred
United States · United States Congress · 26 September 2019
Eliminating Discrimination And Creating Corridors to Expand Student Success Act of 2019 or the ED ACCESS Act of 2019 This bill eliminates the ineligibility of students convicted of a felony drug offense for the American Opportunity Tax Credit.
Bill· HRH.R. 4516 (116th)referred
United States · United States Congress · 26 September 2019
Social Security Protection Act of 2019 This bill provides continuing appropriations to the Social Security Administration (SSA) if an appropriations bill for an SSA account has not been enacted before a fiscal year begins or a joint resolution making continuing appropriations for the account is not in effect. The bill provides appropriations at the rate of operations that was provided for the prior fiscal year to continue programs, projects, and activities for which funds were provided in the preceding fiscal year.
Bill· HRH.R. 4515 (116th)referred
United States · United States Congress · 26 September 2019
Veterans Affairs Protection Act of 2019 This bill provides continuing appropriations to the Department of Veterans Affairs (VA) if an appropriations bill for a VA account has not been enacted before a fiscal year begins or a joint resolution making continuing appropriations for the account is not in effect. The bill provides appropriations at the rate of operations that was provided for the prior fiscal year to continue programs, projects, and activities for which funds were provided in the preceding fiscal year.
Bill· HRH.R. 4509 (116th)referred
United States · United States Congress · 26 September 2019
This bill amends the Internal Revenue Code to limit the scope of downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.
Bill· HRH.R. 4506 (116th)referred
United States · United States Congress · 26 September 2019
Home Energy Savings Act This bill reinstates and extends the tax credit for nonbusiness energy property through 2019. It also increases the rate of such credit from 10% to 15% and the amount of its lifetime limitation. The bill revises limitations on such credit relating to insulation material, windows, and the Energy Star program.
Resolution· HCONRESH.Con.Res. 68 (116th)referred
United States · United States Congress · 26 September 2019
Fiscal State of the Nation Resolution This concurrent resolution requires the congressional budget committees to conduct an annual joint hearing to receive a presentation from the Comptroller General regarding (1) the Government Accountability Office's audit of the financial statement of the executive branch, and (2) the financial position and condition of the federal government.
Bill· SS. 2592 (116th)referred
United States · United States Congress · 26 September 2019
Virginia Beach Strong Act This bill confirms that cash contributions made for the exclusive benefit of the families of the dead or wounded victims of the mass shooting in Virginia Beach, Virginia, on May 31, 2019, shall be treated as tax deductible contributions.
Bill· SS. 2589 (116th)referred
United States · United States Congress · 26 September 2019
This bill amends the Internal Revenue Code to limit the scope of downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.
Bill· SS. 2588 (116th)referred
United States · United States Congress · 26 September 2019
Home Energy Savings Act This bill reinstates and extends the tax credit for nonbusiness energy property through 2019. It also increases the rate of such credit from 10% to 15% and the amount of its lifetime limitation. The bill revises limitations on such credit relating to insulation material, windows, and the Energy Star program.
Bill· SS. 2584 (116th)open
United States · United States Congress · 26 September 2019
Commerce, Justice, Science, and Related Agencies Appropriations Act, 2020 This bill provides FY2020 appropriations to the Department of Commerce; the Department of Justice (DOJ); science agencies, including the National Aeronautics and Space Administration (NASA) and the National Science Foundation (NSF); and several related agencies. The bill provides appropriations to the Department of Commerce for the International Trade Administration, the Bureau of Industry and Security, the Economic Development Administration, the Minority Business Development Agency, Economic and Statistical Analysis, the Bureau of the Census, the National Telecommunications and Information Administration, the U.S. Patent and Trademark Office, the National Institute of Standards and Technology, the National Oceanic and Atmospheric Administration, and Departmental Management. The bill provides appropriations to DOJ for General Administration; the Executive Office for Immigration Review; the Office of Inspector General; the U.S. Parole Commission; Legal Activities; the U.S. Marshals Service; the National Security Division; Interagency Law Enforcement; the Federal Bureau of Investigation; the Drug Enforcement Administration; the Bureau of Alcohol, Tobacco, Firearms, and Explosives; and the Federal Prison System. The bill also provides appropriations to DOJ for State and Local Law Enforcement Activities, including the Office on Violence Against Women, the Office of Justice Programs, and Community Oriented Policing Services (COPS). The bill provides appropriations for science agencies, including the Office of Science and Technology Policy, the National Space Council, NASA, and the NSF. The bill provides appropriations to related agencies, including the Commission on Civil Rights, the Equal Employment Opportunity Commission, the U.S. International Trade Commission, the Legal Services Corporation, the Marine Mammal Commission, the Office of the U.S. Trade Representative, and the State Justice Institute. The bill also sets forth requirements and restrictions for using funds provided by this and other appropriations Acts.
Bill· SS. 2581 (116th)open
United States · United States Congress · 26 September 2019
Legislative Branch Appropriations Act, 2020 This bill provides FY2020 appropriations for the legislative branch, including the Senate and Joint Items such as the Joint Economic Committee, the Joint Congressional Committee on Inaugural Ceremonies of 2021, the Joint Committee on Taxation, the Office of the Attending Physician, and the Office of Congressional Accessibility Services. In addition, the bill provides FY2020 appropriations for the Capitol Police; the Office of Congressional Workplace Rights; the Congressional Budget Office; the Architect of the Capitol; the Library of Congress, including the Congressional Research Service and the Copyright Office; the Government Publishing Office; the Government Accountability Office; the Open World Leadership Center Trust Fund; and the John C. Stennis Center for Public Service Training and Development. (Pursuant to the longstanding practice of each chamber of Congress determining its own requirements, funds for the House of Representatives are not included in the Senate bill.) The bill also sets forth permissible and prohibited uses for funds provided by this bill.
Bill· SS. 2571 (116th)referred
United States · United States Congress · 26 September 2019
Manufactured Housing Community Sustainability Act of 2019 This bill amends the Internal Revenue Code to allow a business-related tax credit equal to 75% of the gain from the sale or exchange of real property to a qualified manufactured home community cooperative or corporation if (1) the property is acquired for use as a manufactured home community, (2) the seller (or any related person) owned the property for the entire two-year period before the sale or exchange, and (3) the property is transferred subject to a binding covenant that the property will be used as a manufactured home community for at least 50 years or the maximum permissible term under state laws that restrict such covenants to a lesser term.. A "qualified manufactured home community cooperative or corporation" is a cooperative or a nonprofit corporation established pursuant to the laws of the state in which the property is located. The bill specifies membership and governance requirements for the communities owned by the cooperative or nonprofit corporation. The bill also imposes a tax on buyers who violate the covenant to use the property for manufactured housing.
Bill· SS. 2553 (116th)referred
United States · United States Congress · 26 September 2019
Eliminating Discrimination And Creating Corridors to Expand Student Success Act of 2019 or the ED ACCESS Act of 2019 This bill eliminates the ineligibility of students convicted of a felony drug offense for the American Opportunity Tax Credit.
Bill· SS. 2551 (116th)referred
United States · United States Congress · 26 September 2019
Tariff Rebate Act This bill establishes the Tariff Rebate Program, through which the Department of the Treasury shall, beginning with tax year 2018, make disbursements to eligible individuals from a fund comprised of duties collected on imported items. An eligible individual is any individual who has filed a yearly tax return no later than October 15 and whose taxable income is below a specified threshold.
Bill· SS. 2550 (116th)referred
United States · United States Congress · 26 September 2019
No Tax Subsidies for E-Cigarette and Tobacco Ads Act This bill denies a tax deduction for expenses relating to direct-to-consumer advertising of tobacco products, including electronic nicotine delivery systems.
Bill· SS. 2544 (116th)referred
United States · United States Congress · 25 September 2019
Hurricanes Florence and Michael and California Wildfire Tax Relief Act This bill provides for tax relief for individuals in areas affected by Hurricanes Florence and Michael and the California wildfires. Specifically, it allows tax-free distributions from tax-preferred pension plans for disaster-related expenses, increases the limit on allowable loans from pension plans, allows employers in disaster areas a tax credit to assist in retaining employees affected by disasters, suspends the limitation on the tax deduction for charitable contributions for disaster relief, allows nonitemizing taxpayers to claim personal casualty losses, and allows the use of earned income for the preceding year for claiming the earning income and child tax credits.
Resolution· SRESS.Res. 339 (116th)referred
United States · United States Congress · 25 September 2019
This resolution expresses support for the goals and ideals of National Retirement Security Week and acknowledges the need to raise public awareness of a variety of tax-preferred retirement vehicles.
Resolution· SRESS.Res. 336 (116th)passed
United States · United States Congress · 25 September 2019
This resolution instructs Senate conferees on the conference committee for S. 1790 (National Defense Authorization Act for Fiscal Year 2020) to insist that members of the conference consider potential commonsense solutions regarding family and medical leave, including voluntary compensatory time programs and incentives through the tax code.
Resolution· SRESS.Res. 335 (116th)passed
United States · United States Congress · 25 September 2019
This resolution instructs Senate conferees on the conference committee for S. 1790 (National Defense Authorization Act for Fiscal Year 2020) to insist upon provisions that make amounts available for replenishment of military construction funds that were used for certain projects along the southern border.
Resolution· SRESS.Res. 334 (116th)passed
United States · United States Congress · 25 September 2019
This resolution instructs Senate conferees on the conference committee for S. 1790 (National Defense Authorization Act for Fiscal Year 2020) to insist upon the provisions in the bill that relate to a prohibition on the use of perfluoroalkyl substances and polyfluoroalkyl substances for land-based applications of firefighting foam.
Resolution· SRESS.Res. 333 (116th)passed
United States · United States Congress · 25 September 2019
This resolution instructs Senate conferees on the conference committee for S. 1790 (National Defense Authorization Act for Fiscal Year 2020) to insist upon certain provisions in the House amendment that relate to paid family leave for federal personnel.
Resolution· SRESS.Res. 332 (116th)passed
United States · United States Congress · 25 September 2019
This resolution instructs Senate conferees on the conference committee for S. 1790 (National Defense Authorization Act for Fiscal Year 2020) to insist upon certain provisions contained in the House amendment that relate to the repeal of a requirement of reduction of Survivor Benefit Plan survivor annuities by amounts of dependency and indemnity compensation.
Resolution· SRESS.Res. 331 (116th)passed
United States · United States Congress · 25 September 2019
This resolution instructs Senate conferees on the conference committee for S. 1790 (National Defense Authorization Act for Fiscal Year 2020) to insist upon inclusion of the provisions of S. 2118 (Defending America's 5G Future Act), which relates to Huawei Technologies Co. Ltd. and technology from foreign adversaries.
Resolution· SRESS.Res. 330 (116th)passed
United States · United States Congress · 25 September 2019
This resolution instructs Senate conferees on the conference committee for S. 1790 (National Defense Authorization Act for Fiscal Year 2020) to require certain measures to address federal election interference by foreign governments. Specifically, the conferees must require (1) after each election, submission to Congress of a determination as to whether a foreign government has interfered in the election, including a detailed assessment of any interference that identifies the individuals responsible for it; and (2) imposition of sanctions on such foreign government and responsible individuals and entities within its territory.
Bill· HRH.R. 4482 (116th)referred
United States · United States Congress · 24 September 2019
Protecting America's Food and Agriculture Act of 2019 This bill authorizes U.S. Customs and Border Protection (CBP), every fiscal year, to hire, train, and assign 240 new agricultural specialists until the total number of specialists equals and sustains the requirements identified each year in the Agriculture Resource Allocation Model. The CBP may also hire, train, and assign support staff to assist the specialists and specified levels of agricultural canine teams. In calculating the number of specialists needed at each port of entry through the Agriculture Resource Allocation Model, the Office of Field Operations of the CBP must (1) rely on data collected regarding the inspections and other activities conducted at each such port of entry; and (2) consider volume from seasonal surges, other projected changes in commercial and passenger volumes, the most current commercial forecasts, and other relevant information.
Bill· HRH.R. 4469 (116th)open
United States · United States Congress · 24 September 2019
American Workforce Empowerment Act This bill allows tax preferred college savings plans (529 plans) to fund certain postsecondary certificate programs and apprenticeship programs.
Bill· HRH.R. 4478 (116th)referred
United States · United States Congress · 24 September 2019
Simple FAFSA Act of 2019 This bill revises the application process, eligibility requirements, and certain calculations related to the Free Application for Federal Student Aid (FAFSA). Specifically, the bill establishes three pathways for FAFSA applicants to submit income or asset information; establishes a certification process whereby a student who submits an initial FAFSA, and who certifies in the subsequent year that their dependency status has not changed, shall not be required to submit another FAFSA to maintain aid eligibility; requires the Department of Education (ED) to make the FAFSA form available in multiple languages and in formats that are accessible to individual with disabilities; repeals provisions that make ineligible for federal student aid any individual who fails to register with selective service or has committed drug-related offenses; prohibits ED from asking questions relating to whether an applicant for federal student aid has committed any drug-related offenses; expands eligibility for federal student aid to certain students who entered the United States prior to age 16; increases support for working students; requires ED to assign an applicant an expected family contribution of zero in certain situations (e.g., if the student received a federal means-tested benefit such as Medicaid during the previous twenty-four months); and requires ED to use data from the second preceding tax year to simplify the application process and determination of financial aid eligibility.
Bill· SS. 2542 (116th)referred
United States · United States Congress · 24 September 2019
Agriculture Environmental Stewardship Act of 2019 This bill allows energy tax credits through 2021 for investments in (1) qualified biogas property, or (2) qualified manure resource recovery property. "Qualified biogas property" comprises a system that (1) uses anaerobic digesters or other specified processes to convert biomass into a gas which is at least 52% methane, and (2) captures the gas for use as a fuel. The term includes property that cleans and conditions the gas for use as a fuel. "Qualified manure resource recovery property" comprises a system that uses specified processes to recover the nutrients nitrogen and phosphorus from a non-treated digestate or animal manure by reducing or separating at least 50% of the nutrients, excluding any reductions during the incineration, storage, composting, or field application of the non-treated digestate or animal manure. The term also includes certain processing equipment. The Department of the Treasury must enter into an agreement with the National Renewable Energy Laboratory for a study of biogas and report to Congress on the study.
Bill· SS. 2541 (116th)referred
United States · United States Congress · 24 September 2019
Indian Health Service Advance Appropriations Act of 201 9 This bill authorizes advance appropriations for the following Indian Health Service appropriations accounts: Indian Health Services, Indian Health Facilities, and Contract Support Costs. The advance appropriations provide new budget authority that first becomes available in the first fiscal year after the budget year. The bill requires the President's budget request to include information on estimates for the advance appropriations.
Bill· HRH.R. 4438 (116th)referred
United States · United States Congress · 20 September 2019
Don't Tax Higher Education Act This bill amends the Internal Revenue Code to repeal the excise tax on the net investment income of certain private colleges and universities.
Bill· SS. 2524 (116th)open
United States · United States Congress · 19 September 2019
Financial Services and General Government Appropriations Act, 2020 This bill provides FY2020 appropriations for several federal departments and agencies, including the Department of the Treasury, the Executive Office of the President, the judiciary, the District of Columbia, and several independent agencies. The independent agencies funded in the bill include the Administrative Conference of the United States, the Commodity Futures Trading Commission, the Consumer Product Safety Commission, the Election Assistance Commission, the Federal Communications Commission, the Federal Deposit Insurance Corporation, the Federal Election Commission, the Federal Labor Relations Authority, Federal Permitting Improvement Steering Council, the Federal Trade Commission, the General Services Administration, the Harry S. Truman Scholarship Foundation, the Merit Systems Protection Board, the Morris K. Udall and Stewart L. Udall Foundation, the National Archives and Records Administration, the Office of Government Ethics, the Office of Personnel Management, the Office of Special Counsel, the Postal Regulatory Commission, the Privacy and Civil Liberties Oversight Board, the Securities and Exchange Commission, the Selective Service System, the Small Business Administration, the U.S. Postal Service, and the U.S. Tax Court. The bill also sets forth requirements and restrictions for using funds provided by this and other appropriations Acts.
Bill· HRH.R. 4425 (116th)referred
United States · United States Congress · 19 September 2019
Quell Underage Inhaling of Toxic Substances Act of 2019 or the QUITS Act of 2019 This bill increases the excise tax on various tobacco products and prohibits the flavoring of certain tobacco products.
Bill· HRH.R. 4419 (116th)referred
United States · United States Congress · 19 September 2019
Worker Dividend Act of 2019 This bill imposes a tax on certain publicly traded companies that have at least $250 million in U.S. earnings for the year, buy back securities during the year, and fail to pay employees a worker dividend. An employer covered by the bill must pay to U.S. employees a worker dividend that totals at least the lesser of: (1) the amount paid by the employer to repurchase securities of the employer on the open market during the taxable year; or (2) 50% of the amount by which the employer's U.S. earnings before interest, taxes, depreciation, and amortization exceed $250 million. Employers who fail to pay a required worker dividend are subject to a tax that is equal to the required dividend. The bill also specifies that the dividend must be distributed equally to employees and be paid in addition to compensation that the employer would ordinarily pay to employees.
Bill· HRH.R. 4417 (116th)referred
United States · United States Congress · 19 September 2019
Dependent Income Exclusion Act of 2019 This bill excludes the wages and net earnings from self-employment of a dependent of a taxpayer from the calculation of total household income for purposes of determining eligibility for and the amount of the refundable premium tax credit, subject to limitations. Under current law, eligible taxpayers may be able to claim the premium tax credit, which applies toward the cost of obtaining health insurance through health insurance exchanges. Taxpayers must have a household income that meets or exceeds 100% of the federal poverty level (FPL) but is less than 400% of the FPL to be eligible for the tax credit. Further, under current law, the calculation of the premium tax credit is based, in part, on taxpayers’ household income such that taxpayers with lower household incomes are eligible for a higher premium tax credit. The bill excludes from household income the wages and net earnings from self-employment of a dependent of the taxpayer who (1) is under 18 years old; or (2) is under 24 years old and is, during any five calendar months of the year, a full- or part-time student in an educational organization (excluding for-profit educational institutions), is in an apprentice program, or is participating in a job training program. The amount that may be excluded is limited to 15% of the taxpayer’s modified adjusted gross income.
Bill· HRH.R. 4415 (116th)referred
United States · United States Congress · 19 September 2019
This bill amends the Internal Revenue Code to allow an increase in the limitation on the charitable contribution tax deduction for cash contributions made after August 23, 2019, and before January 1, 2020, for relief efforts related to Hurricane Dorian.
Bill· HRH.R. 4409 (116th)referred
United States · United States Congress · 19 September 2019
People Empowerment Act This bill requires the government of Guam to obtain voter approval through a referendum for an issuance of municipal bonds in an amount greater than $25 million, an increase in a tax, or the imposition of a new tax.
Resolution· HRESH.Res. 564 (116th)passed
United States · United States Congress · 19 September 2019
Sets forth the rule for consideration of the bill (H.R. 4378) making continuing appropriations for fiscal year 2020.
Bill· SS. 2520 (116th)open
United States · United States Congress · 19 September 2019
Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2020 This bill provides FY2020 appropriations to the Department of Transportation (DOT), the Department of Housing and Urban Development (HUD), and several related agencies. The bill provides appropriations to DOT for the Office of the Secretary, the Federal Aviation Administration, the Federal Highway Administration, the Federal Motor Carrier Safety Administration, the National Highway Traffic Safety Administration, the Federal Railroad Administration, the Federal Transit Administration, the Saint Lawrence Seaway Development Corporation, the Maritime Administration, the Pipeline and Hazardous Materials Safety Administration, and the Office of Inspector General. The bill provides appropriations to HUD for Management and Administration, Public and Indian Housing, Community Planning and Development, Housing Programs, the Federal Housing Administration, the Government National Mortgage Association (Ginnie Mae), Policy Development and Research, Fair Housing and Equal Opportunity, the Office of Lead Hazard Control and Healthy Homes, the Information Technology Fund, and the Office of Inspector General. The bill also provides appropriations to several related agencies, including the Access Board, the Federal Maritime Commission, the National Railroad Passenger Corporation (Amtrak) Office of Inspector General, the National Transportation Safety Board, the Neighborhood Reinvestment Corporation, the Surface Transportation Board, and the U.S. Interagency Council on Homelessness. Additionally, the bill sets forth requirements and restrictions for using funds provided by this and other appropriations Acts.
Bill· SS. 2519 (116th)referred
United States · United States Congress · 19 September 2019
Ending New Nicotine Dependencies Act of 2019 or the ENND Act This bill revises requirements for electronic nicotine delivery systems (e.g., e-cigarettes, e-hookah, and vape pens). Specifically, the bill prohibits electronic nicotine delivery systems from containing flavors other than tobacco; sets forth standards on the permissible design of these systems; requires the Department of Health and Human Services (HHS) to report on the public health risks of tobacco use, including a focus on these systems and other alternative tobacco products; subjects these systems to excise tax requirements; and directs HHS to conduct a public awareness campaign to educate the public about the health implications of using these systems.
Bill· SS. 2517 (116th)referred
United States · United States Congress · 19 September 2019
Tobacco Tax Equity Act of 2019 This bill increases the excise tax on cigarettes and equalizes tax rates among all other tobacco products.
Bill· SS. 2514 (116th)referred
United States · United States Congress · 19 September 2019
Worker Dividend Act of 2019 This bill imposes a tax on certain publicly traded companies that have at least $250 million in U.S. earnings for the year, buy back securities during the year, and fail to pay employees a worker dividend. An employer covered by the bill must pay to U.S. employees a worker dividend that totals at least the lesser of: (1) the amount paid by the employer to repurchase securities of the employer on the open market during the taxable year; or (2) 50% of the amount by which the employer's U.S. earnings before interest, taxes, depreciation, and amortization exceed $250 million. Employers who fail to pay a required worker dividend are subject to a tax that is equal to the required dividend. The bill also specifies that the dividend must be distributed equally to employees and be paid in addition to compensation that the employer would ordinarily pay to employees.
Bill· SS. 2510 (116th)referred
United States · United States Congress · 19 September 2019
Respect, Advancement, and Increasing Support for Educators Act or the RAISE Act This bill allows a refundable tax credit for elementary or secondary school teachers or early childhood educators in schools with a certain poverty rate, increases the tax deduction for the expenses of elementary and secondary school teachers, and provides funding for local educational agencies that maintain or increase teacher salaries.
Bill· HRH.R. 3 (116th)open
United States · United States Congress · 19 September 2019
Lower Drug Costs Now Act of 2019 This bill establishes several programs and requirements relating to the prices of prescription drugs. In particular, the bill requires the Department of Health and Human Services (HHS) to negotiate prices for certain drugs (current law prohibits HHS from doing so). Specifically, HHS must negotiate maximum prices for (1) insulin products; and (2) at least 25 single source, brand-name drugs that do not have generic competition and that are among the 125 drugs that account for the greatest national spending or the 125 drugs that account for the greatest spending under the Medicare prescription drug benefit and Medicare Advantage (MA). The negotiated prices must be offered under Medicare and MA, and may also be offered under private health insurance unless the insurer opts out. The negotiated maximum price may not exceed (1) 120% of the average price in Australia, Canada, France, Germany, Japan, and the United Kingdom; or (2) if such information is not available, 85% of the U.S. average manufacturer price. Drug manufacturers that fail to comply with the bill's negotiation requirements are subject to civil and tax penalties. The bill also makes a series of additional changes to Medicare prescription drug coverage and pricing. Among other things, the bill (1) requires drug manufacturers to issue rebates to the Centers for Medicare & Medicaid Services for covered drugs that cost $100 or more and for which the average manufacturer price increases faster than inflation; and (2) reduces the annual out-of-pocket spending threshold, and eliminates beneficiary cost-sharing above this threshold, under the Medicare prescription drug benefit.
Bill· SS. 2497 (116th)referred
United States · United States Congress · 18 September 2019
Dependent Income Exclusion Act of 2019 This bill excludes the wages and net earnings from self-employment of a dependent of a taxpayer from the calculation of total household income for purposes of determining eligibility for and the amount of the refundable premium tax credit, subject to limitations. Under current law, eligible taxpayers may be able to claim the premium tax credit, which applies toward the cost of obtaining health insurance through health insurance exchanges. Taxpayers must have a household income that meets or exceeds 100% of the federal poverty level (FPL) but is less than 400% of the FPL to be eligible for the tax credit. Further, under current law, the calculation of the premium tax credit is based, in part, on taxpayers’ household income such that taxpayers with lower household incomes are eligible for a higher premium tax credit. The bill excludes from household income the wages and net earnings from self-employment of a dependent of the taxpayer who (1) is under 18 years old; or (2) is under 24 years old and is, during any five calendar months of the year, a full- or part-time student in an educational organization (excluding for-profit educational institutions), is in an apprentice program, or is participating in a job training program. The amount that may be excluded is limited to 15% of the taxpayer’s modified adjusted gross income.
Bill· SS. 2495 (116th)referred
United States · United States Congress · 18 September 2019
Kathryn Manginelli Act of 2019 or the Compassionate Retirement Act of 2019 This bill permits early distributions, without penalty, from tax-preferred pension plans to individuals diagnosed with a terminal illness (i.e., an illness or physical condition that can be reasonably expected to result in death seven years after diagnosis).
Bill· HRH.R. 4362 (116th)referred
United States · United States Congress · 17 September 2019
Overseas Americans Financial Access Act This bill amends the Internal Revenue Code, with respect to reporting requirements that apply to foreign financial institutions and individuals with foreign financial assets, to create exceptions for the foreign accounts of certain U.S. residents or citizens living abroad.
Bill· HRH.R. 4349 (116th)referred
United States · United States Congress · 17 September 2019
Travel Trailer and Camper Tax Parity Act This bill modifies the limit on the tax deduction for business interest to include the financing of certain trailers and campers in the definition of "floor plan financing indebtedness." (Interest on floor plan financing indebtedness is exempt from the limit.) Under current law, floor plan financing indebtedness is (1) used to finance the acquisition of motor vehicles held for sale or lease, and (2) secured by the acquired inventory. The bill specifies that, for the purpose of this definition, a motor vehicle includes any trailer or camper that is designed to (1) provide temporary living quarters for recreational, camping, or seasonal use; and (2) be towed by, or affixed to, a motor vehicle.
Bill· SS. 2490 (116th)referred
United States · United States Congress · 17 September 2019
Child Tax Credit Extension Act This bill makes permanent changes to the child tax credit enacted by the Tax Cuts and Jobs Act (P.L. 115-97), including increasing the amount of such credit from $1,000 to $2,000.