summary
Introduced
09/25/2024
09/25/2024
In Committee
09/25/2024
09/25/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
AI Summary
This bill, the Health Care Affordability Act of 2024, aims to amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan. Specifically, the bill removes the 400% of the federal poverty line cap on eligibility for this tax credit, allowing individuals and families with higher incomes to qualify. It also adjusts the applicable percentage of income that individuals and families must pay towards their health insurance premiums, reducing the burden for those with lower and middle incomes. These changes are intended to make health care coverage more affordable and accessible for a broader range of Americans.
Committee Categories
Budget and Finance
Sponsors (46)
Jeanne Shaheen (D)*,
Tammy Baldwin (D),
Michael Bennet (D),
Richard Blumenthal (D),
Cory Booker (D),
Sherrod Brown (D),
Laphonza Butler (D),
Ben Cardin (D),
Tom Carper (D),
Bob Casey (D),
Chris Coons (D),
Catherine Cortez Masto (D),
Tammy Duckworth (D),
Dick Durbin (D),
John Fetterman (D),
Kirsten Gillibrand (D),
Maggie Hassan (D),
Martin Heinrich (D),
George Helmy (D),
John Hickenlooper (D),
Mazie Hirono (D),
Tim Kaine (D),
Mark Kelly (D),
Angus King (I),
Amy Klobuchar (D),
Ben Ray Luján (D),
Ed Markey (D),
Jeff Merkley (D),
Chris Murphy (D),
Patty Murray (D),
Alex Padilla (D),
Gary Peters (D),
Jack Reed (D),
Jacky Rosen (D),
Brian Schatz (D),
Chuck Schumer (D),
Tina Smith (D),
Debbie Stabenow (D),
Jon Tester (D),
Chris Van Hollen (D),
Mark Warner (D),
Raphael Warnock (D),
Elizabeth Warren (D),
Peter Welch (D),
Sheldon Whitehouse (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Finance. (on 09/25/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/5194/all-info |
| BillText | https://www.congress.gov/118/bills/s5194/BILLS-118s5194is.pdf |
Loading...