S.Amdt. 1004

SA 1004. Mr. TOOMEY (for himself and Mr. Daines) submitted an
amendment intended to be proposed to amendment SA 891 proposed by Mr.
Schumer (for himself, Mr. Wyden, Mrs. Murray, Mr. Brown, Mr. Peters,
Mr. Cardin, Ms. Cantwell, Ms. Stabenow, Mr. Tester, Mr. Menendez, Mr.
Schatz, Mr. Carper, Mr. Leahy, and Mr. Sanders) to the bill H.R. 1319,
to provide for reconciliation pursuant to title II of S. Con. Res. 5;
which was ordered to lie on the table; as follows:

Strike section 9661 and insert the following:

SEC. 9661. IMPROVING AFFORDABILITY BY EXPANDING PREMIUM
ASSISTANCE FOR CONSUMERS.

(a) In General.--Section 36B(b)(3)(A) of the Internal
Revenue Code of 1986 is amended by adding at the end the
following new clause:
``(iii) Temporary percentages for 2021 and 2022.--In the
case of a taxable year beginning in 2021 or 2022--

``(I) clause (ii) shall not apply for purposes of adjusting
premium percentages under this subparagraph, and
``(II) the following table shall be applied in lieu of the
table contained in clause (i):

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``In the case of household  income
(expressed as  a percent of poverty     The initial        The final
line)  within the following income       premium           premium
tier:                  percentage is--   percentage is--
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Up to 150.0 percent..................              0.0              0.0
150.0 percent up to 200.0 percent....              0.0              2.0
200.0 percent up to 250.0 percent....              2.0              4.0
250.0 percent up to 300.0 percent....              4.0              6.0
300.0 percent up to 400.0 percent....              6.0              8.5
400.0 percent up to 750.0 percent....              8.5           8.5''.
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(b) Conforming Amendment.--Section 36B(c)(1) of the
Internal Revenue Code of 1986 is amended by adding at the end
the following new subparagraph:
``(E) Temporary rule for 2021 and 2022.--In the case of a
taxable year beginning in 2021 or 2022, subparagraph (A)
shall be applied by substituting `750 percent' for `400
percent'.''.
(c) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2020.
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