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H. Rept. 114-147 1 (2015-06-11)

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                    114TH CONGRESS                                       REPORT
                       1st Session   HOUSE OF REPRESENTATIVES            114-147







                           PROTECT MEDICAL INNOVATION ACT OF 2015



                     JUNE 11, 2015.-Committed to the Committee of the Whole House on the State of
                                      the Union and ordered to be printed



                     Mr. RYAN of Wisconsin, from the Committee on Ways and Means,
                                        submitted the following


                                            REPORT

                                              together with

                                           MINORITY VIEWS

                                           [To accompany H.R. 160]

                             [Including cost estimate of the Congressional Budget Office]

                      The Committee on Ways and Means, to whom was referred the
                    bill (H.R. 160) to amend the Internal Revenue Code of 1986 to re-
                    peal the excise tax on medical devices, having considered the same,
                    report favorably thereon with an amendment and recommend that
                    the bill as amended do pass.

                                                CONTENTS
                                                                                  Page
                      I. SUMMARY  AND BACKGROUND   ...............................................................  2
                            A. Purpose  and  Sum m ary  .....................................................................  2
                            B. Background  and  Need  for Legislation  ............................................  2
                            C. Legislative  H istory  ...........................................................................  2
                     II. EXPLANATION OF THE BILL ...................................................................  3
                            A. Repeal of Medical Device Excise Tax (sec. 2 of the bill, sec.
                               4191 of  the  Code)  ...........................................................................  3
                     III. VOTES  OF  THE  COMMITTEE    ....................................................................  5
                     IV. BUDGET EFFECTS OF THE  BILL ..........................................................  5
                            A. Committee Estimate of Budgetary Effects ......................................  5
                            B. Statement Regarding New Budget Authority and Tax Expendi-
                               tures Budget Authority  .................................................................  6
                            C. Cost Estimate Prepared by the Congressional Budget Office .......  6
                      V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF
                          TH E H O U SE  ..............................................................................................  7
                            A. Committee Oversight Findings and Recommendations .................  7
                            B. Statement of General Performance Goals and Objectives .............  7
                            C. Information Relating to Unfunded Mandates ...............................  7
                       49-006

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