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1 H.R. 1922, the Restoring Access to Medication Act of 2019, as Ordered Reported by the House Committee on Ways and Means on October 23, 2019 [1] (October 31, 2019)

handle is hein.congrec/cborstac0001 and id is 1 raw text is: 




October 31, 2019


A   Congressional Budget Office
        Cost Estimate


by I-iscai Year, nIflions oT uoniars    2020                2020=2024               2020-2029
Direct Spending (Outlays)                   0                     0                        0


Revenues

Increase or Decrease (-)
in the Deficit


-497

497


-3,619

3,619


-8,458

8,458


The bill would
* H.R. 1922 would amend the Internal Revenue Code to expand the definition of qualified medical expenses for
    Health Savings Accounts (HSAs), Health Flexible Spending Arrangements (FSAs), and other saving
    arrangements to include amounts paid for over-the-counter medicines or drugs and menstrual care products.





Estimated budgetary effects would primarily stem from
  * An increase in contributions excluded from income and employment taxes due to newly eligible qualified
     medical expenses




The Congressional Budget Act of 1974, as amended, stipulates that revenue estimates provided by the staff of the
Joint Committee on Taxation (JCT) will be the official estimates for all tax legislation considered by Congress. As
such, CBO incorporates those estimates into its cost estimates of the effects of legislation. All of the estimates for
the provisions of H.R. 1922 were provided by JCT.

                               Detailed estimate begins on the next page.






                  See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437;
  How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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