S.Amdt. 5417

SA 5417. Mr. LEE submitted an amendment intended to be proposed to
amendment SA 5194 proposed by Mr. Schumer to the bill H.R. 5376, to
provide for reconciliation pursuant to title II of S. Con. Res. 14;
which was ordered to lie on the table; as follows:

At the end of part 9 of subtitle D of title I, insert the
following:

SEC. 1390_. INCOME LIMITATION FOR INCREASED PREMIUM TAX
CREDIT.

(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:
``(iv) Limitation for 2023 through 2025.--In the case of a
taxable year beginning in 2023, 2024, or 2025, the table
contained in clause (iii)(II) shall be applied by
substituting `up to 700 percent' for `and higher'.''.
(b) Conforming Amendment.--Subparagraph (E) of section
36B(c)(1) of the Internal Revenue Code of 1986, as amended by
this Act, is further amended by striking ``In the case of a
taxable year'' and all that follows and inserting ``In the
case of--
``(i) a taxable year beginning in 2021 or 2022,
subparagraph (A) shall be applied without regard to `but does
not exceed 400 percent', and
``(ii) a taxable year beginning in 2023, 2024, or 2025,
subparagraph (A) shall be applied by substituting `700
percent' for `400 percent'.''.
(c) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2022.

SEC. 1390_. TREATMENT OF DIETARY SUPPLEMENTS AS MEDICAL
EXPENSES.

(a) In General.--Subsection (d) of section 213 of the
Internal Revenue Code of 1986 is amended by adding at the end
the following new paragraph:
``(12) Dietary supplements.--In the case of taxable years
beginning before January 1, 2024, amounts paid for dietary
supplements shall be treated as paid for medical care. For
purposes of this paragraph, the term `dietary supplement' has
the meaning given such term by section 201(ff) of the Federal
Food, Drug, and Cosmetic Act.''.
(b) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2022.
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