A bill to repeal the excise tax on medical device manufacturers.

Summary

Repeals the provision of the Internal Revenue Code, added by the Health Care and Education Reconciliation Act of 2010, that imposes an excise tax on medical devices. Rescinds $39 billion of appropriated but unobligated discretionary funds. Exempts unobligated funds of the Department of Defense (DOD) or the Department of Veterans Affairs (VA). Requires the Director of the Office of Management and Budget (OMB) to determine and identify from which appropriation accounts such recissions shall apply and report to the Secretary of the Treasury and Congress on such recissions.

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Timeline

1. 3 February 2011

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 3 February 2011

   Introduced

   Sponsor introductory remarks on measure. (CR S545-546)

   Source: IntroReferral

3. 3 February 2011

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 3 February 2011 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 3 February 2011

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 3 February 2011

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 3 February 2011

  Open at official source

Sponsors

• Sen. Brown, Scott P. [R-MA] · R · Sponsor
• Sen. Toomey, Patrick [R-PA] · R · Cosponsor
• Sen. Lugar, Richard G. [R-IN] · R · Cosponsor
• Sen. Johanns, Mike [R-NE] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Health Care Cost Reduction Act of 2012
• related to → Save Our Medical Devices Act of 2011
• related to → To amend the Internal Revenue Code of 1986 to repeal the medical device tax, and for other purposes.
• related to → To amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices.
• related to → Medical Device Access and Innovation Protection Act
• related to ← Responsible Unemployment Extension Act