summary
Introduced
07/30/2025
07/30/2025
In Committee
07/30/2025
07/30/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A bill to repeal the changes made by the health subtitle of the One Big Beautiful Bill Act, and for other purposes.
AI Summary
This bill, called the "Protecting Health Care and Lowering Costs Act," proposes three key provisions. First, it completely repeals Subtitle B of Title VII from a previous law (Public Law 119-21), effectively undoing any health-related changes made in that legislation as if they had never been enacted. Second, the bill permanently modifies the tax credit structure for health insurance under the Internal Revenue Code, removing the current 400% income cap and adjusting the applicable premium percentages for different income tiers. Specifically, it creates a sliding scale of premium percentages that increases linearly across income brackets, with the highest tier (400% of the poverty line and above) set at a consistent 8.5% premium percentage. These tax credit changes would take effect for taxable years beginning after December 31, 2025, potentially making health insurance subsidies more generous and accessible for a broader range of households. The bill appears aimed at expanding health insurance affordability by modifying existing tax credit mechanisms and reversing previous health care legislative changes.
Committee Categories
Budget and Finance
Sponsors (47)
Chuck Schumer (D)*,
Angela Alsobrooks (D),
Tammy Baldwin (D),
Michael Bennet (D),
Richard Blumenthal (D),
Lisa Blunt Rochester (D),
Cory Booker (D),
Maria Cantwell (D),
Chris Coons (D),
Catherine Cortez Masto (D),
Tammy Duckworth (D),
Dick Durbin (D),
John Fetterman (D),
Ruben Gallego (D),
Kirsten Gillibrand (D),
Maggie Hassan (D),
Martin Heinrich (D),
John Hickenlooper (D),
Mazie Hirono (D),
Tim Kaine (D),
Mark Kelly (D),
Andy Kim (D),
Angus King (I),
Amy Klobuchar (D),
Ben Ray Luján (D),
Ed Markey (D),
Jeff Merkley (D),
Chris Murphy (D),
Patty Murray (D),
Jon Ossoff (D),
Alex Padilla (D),
Gary Peters (D),
Jack Reed (D),
Jacky Rosen (D),
Bernie Sanders (I),
Brian Schatz (D),
Adam Schiff (D),
Jeanne Shaheen (D),
Elissa Slotkin (D),
Tina Smith (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. (text: CR S4908) (on 07/30/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/senate-bill/2556/all-info |
| BillText | https://www.congress.gov/119/bills/s2556/BILLS-119s2556is.pdf |
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