summary
Introduced
09/04/2025
09/04/2025
In Committee
09/04/2025
09/04/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to extend the enhanced premium tax credit, and for other purposes.
AI Summary
This bill extends two key provisions related to premium tax credits under the Affordable Care Act (ACA) for an additional year. Specifically, the bill amends the Internal Revenue Code to extend enhanced premium assistance amounts and the eligibility for tax credits to households with income above 400% of the poverty line through the end of 2026 (previously set to expire at the end of 2025). A premium tax credit is a type of financial assistance that helps lower-income individuals and families purchase health insurance through the ACA marketplace by reducing their monthly insurance premiums. The bill ensures that more Americans can continue to receive these financial supports for health insurance, maintaining the expanded coverage options that were originally implemented to make healthcare more affordable. The changes will take effect for taxable years beginning after December 31, 2025, which means the extended provisions will apply to the 2026 tax year and health insurance coverage.
Committee Categories
Budget and Finance
Sponsors (28)
Jen Kiggans (R)*,
Robert Bresnahan (R),
Salud Carbajal (D),
Juan Ciscomani (R),
Jim Costa (D),
Don Davis (D),
Monica De La Cruz (R),
Brian Fitzpatrick (R),
Carlos Giménez (R),
Marie Gluesenkamp Pérez (D),
Jared Golden (D),
Josh Gottheimer (D),
Josh Harder (D),
Jeff Hurd (R),
Marcy Kaptur (D),
Tom Kean (R),
Young Kim (R),
Nick LaLota (R),
Mike Lawler (R),
Susie Lee (D),
Cory Mills (R),
Chris Pappas (D),
María Salazar (R),
Hillary Scholten (D),
Tom Suozzi (D),
David Valadao (R),
Jeff Van Drew (R),
Gabe Vasquez (D),
Last Action
Referred to the House Committee on Ways and Means. (on 09/04/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/5145/all-info |
| BillText | https://www.congress.gov/119/bills/hr5145/BILLS-119hr5145ih.pdf |
Loading...