S. 262Senate112th Congress (2011-2013)In Committee

A bill to repeal the excise tax on medical device manufacturers.

Introduced February 3, 2011

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

February 3, 2011

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SenateIntro Referral

Introduced in Senate

February 3, 2011

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S545-546)

February 3, 2011

SenateIntro Referral

Read twice and referred to the Committee on Finance.

February 3, 2011

Floor Debate

8 members

What members said about S. 262 on the floor

4 Republicans4 Democrats
Mark Udall
Sen. Mark UdallD-CO · Feb 3, 2011

Mr. President, fighting fires is very serious business in my home State of Colorado. Just a few months ago, we experienced the most expensive fire in our history--the Fourmile Fire, near Boulder.…

Susan M. Collins
Sen. Susan M. CollinsR-ME · Feb 3, 2011

Mr. President, I rise today to introduce the No Child Left Behind Flexibility and Improvements Act. I am pleased to be joined in this effort by my colleague from Maine, Senator Snowe. Our legislation…

Ron Wyden
Sen. Ron WydenD-OR · Feb 3, 2011

Mr. President, today I am pleased to introduce two bills that will provide two important communities in rural Oregon with the means to promote their cultural history and their economic development…

Kay  R. Hagan
Sen. Kay R. HaganD-NC · Feb 3, 2011

Mr. President, today, I am proud to reintroduce the Medication Therapy Management, MTM, Empowerment Act of 2011, with my colleagues from Minnesota, Senator Franken, from Ohio, Senator Brown, and from…

Scott P. Brown
Sen. Scott P. Brown R-MA · Feb 3, 2011

Mr. President, I rise today to introduce legislation to repeal the tax imposed on medical device manufacturers. As my colleagues know, this 2.3 percent sales tax imposed on medical device…

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Scott P. Brown
Sen. Scott P. Brown R-MA · Feb 3, 2011

Mr. President, I rise today to introduce legislation to repeal the tax imposed on medical device manufacturers. As my colleagues know, this 2.3 percent sales tax imposed on medical device…

Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Feb 3, 2011

Mr. President, on January 25, I introduced S. 149, the FISA Sunsets Extension Act of 2011 to extend the three expiring provisions of the Foreign Intelligence Surveillance Act--the authority to…

Mike Lee
Sen. Mike LeeR-UT · Feb 3, 2011

Mr. President, I ask unanimous consent that the text of the joint resolution be printed in the Record.

Mitch McConnell
Sen. Mitch McConnellR-KY · Feb 3, 2011

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

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Introduced in SenateIssued February 3, 2011

II

112th CONGRESS

1st Session

S. 262

IN THE SENATE OF THE UNITED STATES

February 3, 2011

Mr. Brown of Massachusetts introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To repeal the excise tax on medical device manufacturers.

1.

Repeal of medical device excise tax

Subsections (a), (b), and (c) of section 1405 of the Health Care and Education Reconciliation Act of 2010, and the amendments made thereby, are hereby repealed; and the Internal Revenue Code of 1986 shall be applied as if such section and amendments had never been enacted.

2.

Rescission of unspent Federal funds to offset loss in revenues

(a)

In general

Notwithstanding any other provision of law, of all available unobligated funds, $39,000,000,000 in appropriated discretionary funds are hereby rescinded.

(b)

Implementation

The Director of the Office of Management and Budget shall determine and identify from which appropriation accounts the rescission under subsection (a) shall apply and the amount of such rescission that shall apply to each such account. Not later than 60 days after the date of the enactment of this Act, the Director of the Office of Management and Budget shall submit a report to the Secretary of the Treasury and Congress of the accounts and amounts determined and identified for rescission under the preceding sentence.

(c)

Exception

This section shall not apply to the unobligated funds of the Department of Defense or the Department of Veterans Affairs.