US Federal 2023-2024 Regular Session

US Federal House Bill HB1170

Introduced
2/24/23  

Caption

Access to Future Cures Act

Impact

If enacted, HB 1170 could have significant implications for patients who require blood storage. By formally recognizing these expenses under medical care, individuals could potentially deduct such costs from their taxable income. This change could lead to increased access to blood storage services as patients would be more inclined to invest in these services knowing they may receive tax benefits. Additionally, it may encourage further advancements in medical practices related to blood management and storage.

Summary

House Bill 1170, titled the 'Access to Future Cures Act', aims to amend the Internal Revenue Code to clarify that expenses associated with the storage of blood and biomaterials derived from blood qualify as medical care expenses. This amendment is intended to expand the definition of medical expenses and provide individuals with better financial options related to blood storage, which might be particularly beneficial for patients with certain medical conditions requiring regular blood products or those considering future medical procedures that necessitate blood storage.

Contention

While the bill is largely focused on increasing medical expense deductions, there could be points of contention among lawmakers regarding the fiscal implications of allowing such deductions. Some legislators may argue that the expanded definition could lead to increased costs for the government if more individuals begin claiming these deductions. Moreover, as discussions around healthcare costs remain a pressing issue, the bill's implementation and its effects on insurance or healthcare affordability could spark debate among stakeholders. The balance between facilitating access to necessary medical care and managing public spending will likely be a pivotal discussion point.

Companion Bills

No companion bills found.

Previously Filed As

US HB5887

Saving for the Future Act

US HB2547

Secure Family Futures Act of 2025

US HB1170

Congressional Access to Military Posts Act of 2025

US HB73

No Pro-Abortion Task Force Act This bill prohibits federal funding of the Reproductive Healthcare Access Task Force. The Department of Health and Human Services launched the task force on January 21, 2022, to identify and coordinate departmental activities related to accessing sexual and reproductive health care.

US HB2545

Financing Our Energy Future Act

US HB186

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Native American Education Opportunity Act This bill addresses education savings account programs and charter schools for tribal students. Specifically, the bill requires the Department of Education and the Department of the Interior, at the request of federally recognized Indian tribes, to provide funds to tribes for tribal-based education savings account programs. Tribes must use these funds to award grants to education savings accounts for students who (1) attended or will be eligible to attend a school operated by the Bureau of Indian Education (BIE); or (2) will not be attending a school operated by the BIE, receiving an education savings account from another tribe, or attending public elementary or secondary school while participating in the program. Funds may be used for items and activities such as costs of attendance at private schools, private tutoring and online learning programs, textbooks, educational software, or examination fees. The Government Accountability Office must review the implementation of these education savings account programs, including any factors impacting increased participation in such programs. Additionally, the bill authorizes the BIE to approve and fund charter schools at any school that it operates or funds.

US HB45

Small Business Tax Fairness and Compliance Simplification Act This bill expands the tax credit for a portion of the employer-paid Social Security taxes for employee cash tips to include beauty service establishments. (Under current law, the credit is limited to tips received for providing, serving, or delivering food or beverages.) The credit applies to tips received in connection with providing beauty services to a customer or client if tipping employees who provide the service is customary. Beauty services include barbering and hair care, nail care, esthetics, and body and spa treatments. The bill also (1) establishes an employer tip reporting safe harbor for beauty service establishments, and (2) specifies reporting requirements for income received from renting space to individuals who provide beauty services. The employer tip reporting safe harbor for beauty service establishments provides an exemption from certain Internal Revenue Service tip examinations for employers who meet certain requirements for educational programs, reporting procedures, compliance with tax law, and recordkeeping.

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US HB62

Safeguard Healthcare Industry Employees from Litigation and Distress Act or the SHIELD Act This bill establishes a framework to limit interference with persons seeking to provide or access reproductive health services at the state level. For the purposes of this summary, interference with persons seeking to provide or access reproductive health services includes acts to prevent, restrict, impede, or retaliate against a health care provider who provides reproductive health care services, any person or entity who helps health care providers to provide such services, any person who seeks to access such services, or any person or entity who helps another person to access such services. First, the bill reduces the allocation of funds under certain law enforcement grant programs for a state that has in effect a law authorizing state or local officers or employees to interfere with persons seeking to provide or access reproductive health services. Second, the bill prohibits interference with persons seeking to provide or access reproductive health care services by state or local officers or employees acting under color of law in any manner that would have a discriminatory effect on a woman, and by persons who are not state or local officers or employees and are attempting to implement or enforce a state law in circumstances affecting interstate commerce. The bill authorizes civil remedies for a violation, including damages and injunctive relief. Additionally, it authorizes criminal penalties for a violation involving the use of a deadly or dangerous weapon or the infliction of bodily injury.

Similar Bills

No similar bills found.