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US S692

US S692
Protect Medical Innovation Act of 2019


summary

Introduced
03/07/2019
In Committee
03/07/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill to amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices. This bill repeals the excise tax on the sale of a medical device by the manufacturer, producer, or importer.

AI Summary

This bill repeals the excise tax on the sale of medical devices by the manufacturer, producer, or importer. It amends the Internal Revenue Code of 1986 to strike the subchapter related to the medical device excise tax and makes conforming changes to related sections. The amendments made by this bill would apply to sales after December 31, 2019.

Committee Categories

Budget and Finance

Sponsors (38)

Pat Toomey (R)* Lamar Alexander (R),  John Barrasso (R),  Marsha Blackburn (R),  Richard Blumenthal (D),  Roy Blunt (R),  Mike Braun (R),  Richard Burr (R),  Shelley Moore Capito (R),  Bob Casey (D),  Kevin Cramer (R),  Mike Crapo (R),  Steve Daines (R),  Tammy Duckworth (D),  Joni Ernst (R),  Deb Fischer (R),  Cory Gardner (R),  Chuck Grassley (R),  Maggie Hassan (D),  Cindy Hyde-Smith (R),  James Inhofe (R),  Johnny Isakson (R),  Doug Jones (D),  Amy Klobuchar (D),  Ed Markey (D),  Martha McSally (R),  Rob Portman (R),  Mitt Romney (R),  Jacky Rosen (D),  Marco Rubio (R),  Rick Scott (R),  Tim Scott (R),  Jeanne Shaheen (D),  Kyrsten Sinema (I),  Tina Smith (D),  Thom Tillis (R),  Roger Wicker (R),  Todd Young (R), 

Last Action

Read twice and referred to the Committee on Finance. (on 03/07/2019)

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