S.Amdt. 3214

SA 3214. Mrs. SHAHEEN submitted an amendment intended to be proposed
by her to the bill H.R. 7024, to make

[[Page S5713]]

improvements to the child tax credit, to provide tax incentives to
promote economic growth, to provide special rules for the taxation of
certain residents of Taiwan with income from sources within the United
States, to provide tax relief with respect to certain Federal
disasters, to make improvements to the low-income housing tax credit,
and for other purposes; which was ordered to lie on the table; as
follows:

At the end of title I, insert the following:

SEC. 106. INCREASE IN ELIGIBILITY FOR PREMIUM TAX CREDIT.

(a) Eligibility.--
(1) In general.--Subparagraph (A) of section 36B(c)(1) is
amended by striking ``but does not exceed 400 percent''.
(2) Conforming amendment.--Paragraph (1) of section 36B(c)
is amended by striking subparagraph (E).
(b) Applicable Percentages.--
(1) In general.--Subparagraph (A) of section 36B(b)(3) of
the Internal Revenue Code of 1986 is amended to read as
follows:
``(A) Applicable percentage.--The applicable percentage for
any taxable year shall be the percentage such that the
applicable percentage for any taxpayer whose household income
is within an income tier specified in the following table
shall increase, on a sliding scale in a linear manner, from
the initial premium percentage to the final premium
percentage specified in such table for such income tier:

------------------------------------------------------------------------
The initial      The final
``In the case of  household income         premium         premium
(expressed as a  percent of poverty    percentage is-- percentage is--
line) within the following income tier:
------------------------------------------------------------------------
Up to 150 percent.......................               0               0
150 percent up to 200 percent...........               0             2.0
200 percent up to 250 percent...........             2.0             4.0
250 percent up to 300 percent...........             4.0             6.0
300 percent up to 400 percent...........             6.0             8.5
400 percent and up......................             8.5         8.5.''.
------------------------------------------------------------------------

(2) Conforming amendments relating to affordability of
coverage.--
(A) Subparagraph (C) of section 36B(c)(2) of such Code is
amended by striking clause (iv).
(B) Paragraph (4) of section 36B(c) of such Code is amended
by striking subparagraph (F).
(c) Limitation on Recapture.--Clause (i) of section
36B(f)(2)(B) of the Internal Revenue Code of 1986 is
amended--
(1) by striking ``400 percent'' and inserting ``800
percent'';
(2) by striking the period at the end of the last row of
the table; and
(3) by adding at the end of the table the following new
rows:

------------------------------------------------------------------------
``At least 400 percent but less than 600 percent...........       $3,500
At least 600 percent but less than 800 percent............   $4,500.''.
------------------------------------------------------------------------

(d) Premium Cost Standard.--
(1) In general.--The following provisions of section 36B of
the Internal Revenue Code of 1986 are each amended by
striking ``silver'' each place it appears and inserting
``gold'':
(A) Paragraphs (2)(B)(i), (3)(B), and (3)(C) of subsection
(b).
(B) The heading of subparagraph (B) of subsection (b)(3).
(C) Subsection (c)(4)(C)(i)(I).
(2) Conforming amendments to reduced cost-sharing.--Section
1402(b)(1) of the Patient Protection and Affordable Care Act
(42 U.S.C. 18071(b)(1)) is amended by striking ``silver'' and
inserting ``gold''.
(e) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2024.

SEC. 107. ENHANCEMENTS FOR REDUCED COST-SHARING.

(a) Modification of Amount.--
(1) In general.--Section 1402(c)(2) of the Patient
Protection and Affordable Care Act (42 U.S.C. 18071(c)(2)) is
amended--
(A) by striking ``150 percent'' in subparagraph (A) and
inserting ``200 percent'',
(B) by striking ``94 percent'' in subparagraph (A) and
inserting ``95 percent'',
(C) by striking ``150 percent but not more than 200
percent'' in subparagraph (B) and inserting ``200 percent but
not more than 300 percent'',
(D) by striking ``87 percent'' in subparagraph (B) and
inserting ``90 percent'',
(E) by striking ``200 percent'' in subparagraph (C) and
inserting ``300 percent'',
(F) by striking ``250 percent'' in subparagraph (C) and
inserting ``400 percent'', and
(G) by striking ``73 percent'' in subparagraph (C) and
inserting ``85 percent''.
(2) Conforming amendment.--Clause (i) of section
1402(c)(1)(B) of such Act (42 U.S.C. 18071(c)(1)(B)) is
amended to read as follows:
``(i) In general.--The Secretary shall ensure the reduction
under this paragraph shall not result in an increase in the
plan's share of the total allowed costs of benefits provided
under the plan above--

``(I) 95 percent in the case of an eligible insured
described in paragraph (2)(A);
``(II) 90 percent in the case of an eligible insured
described in paragraph (2)(B); and
``(III) 85 percent in the case of an eligible insured
described in paragraph (2)(C).''.

(3) Effective date.--The amendments made by this subsection
shall apply to plan years beginning after December 31, 2024.
(b) Funding.--Section 1402 of the Patient Protection and
Affordable Care Act (42 U.S.C. 18071) is amended by adding at
the end the following new subsection:
``(g) Funding.--Out of any funds in the Treasury not
otherwise appropriated, there are appropriated to the
Secretary such sums as may be necessary for payments under
this section.''.
______