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H. Rept. 114-627 1 (2016-06-17)

handle is hein.congrecreports/crptxrqi0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 114TH CONGRESS REPORT 2d Session HOUSE OF REPRESENTATIVES 114-627 HEALTH CARE SECURITY ACT OF 2016 JUNE 17, 2016.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. BRADY of Texas, from the Committee on Ways and Means, submitted the following REPORT together with DISSENTING VIEWS [To accompany H.R. 5445] [Including cost estimate of the Congressional Budget Office] The Committee on Ways and Means, to whom was referred the bill (H.R. 5445) to amend the Internal Revenue Code of 1986 to im- prove the rules with respect to health savings accounts, having con- sidered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. CONTENTS Page I. SUMMARY AND BACKGROUND ............................................................. 3 II. EXPLANATION OF THE BILL .................................................................. . 4 A. Allow Both Spouses to Make Catch-Up Contributions to the Same Health Savings Account (sec. 2 of the bill and sec. 223 of the C ode) ..................................................................................... 4 B. Special Rule for Certain Medical Expenses Incurred Before Es- tablishment of Health Savings Account (sec. 3 of the bill and sec. 223 of the Code) ....................................................................... 5 C. Maximum Contribution Limit to HSA Increased to Amount of Deductible and Out-of-Pocket Limitation (sec. 4 of the bill and sec. 223 of the Code) ....................................................................... 6 III. VOTES OF THE COMMITTEE .................................................................... 8 IV. BUDGET EFFECTS OF THE BILL ........................................................... 8 A. Committee Estimate of Budgetary Effects ..................................... 8 B. Statement Regarding New Budget Authority and Tax Expendi- tures Budget Authority .................................................................. 10 C. Cost Estimate Prepared by the Congressional Budget Office ....... 10 59-006

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