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- H.R.7107
H.R.7107: Long-Term Care Affordability Act
About This Bill
- Introduced March 16, 2022
- Latest Major Action March 16, 2022
Bill Sponsor
Bill Cosponsors
6 (All Republicans)
Bill Version
- Introduced in House - March 16, 2022
Bill Summary
Long-Term Care Affordability Act This bill allows the use of tax-exempt retirement plan distributions to pay for long-term health care insurance. Specifically, it excludes such distributions from the gross income of an insured individual up to $2,500 for per individual in a taxable year. It also imposes reporting requirements on plans and insured individuals and requires a description of long-term care insurance arrangements and facts sheets...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 16, 2022 |
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
|
| March 16, 2022 |
Introduced in the House by Ann Wagner (R-Mo.) |