II
Calendar No. 284
119th CONGRESS
1st Session
S. 3385
IN THE SENATE OF THE UNITED STATES
December 8 (legislative day, December 4), 2025
Mr. Schumer introduced the following bill; which was read the first time
December 8. 2025
Read the second time and placed on the calendar
A BILL
To amend the Internal Revenue Code of 1986 to extend the enhancement of the health care premium tax credit.
Short title
This Act may be cited as the Lower Health Care Costs Act
.
Extension of enhancement of health care premium tax credit
Extension of rules to increase premium assistance amounts
Clause (iii) of section 36B(b)(3)(A) of the Internal Revenue Code of 1986 is amended—
in the heading, by striking through 2025
and inserting through 2028
, and
in the matter preceding subclause (I), by striking before January 1, 2026
and inserting before January 1, 2029
.
Extension of rule to allow credit to taxpayers whose household income exceeds 400 percent of poverty line
Subparagraph (E) of section 36B(c)(1) of the Internal Revenue Code of 1986 is amended—
in the heading, by striking through 2025
and inserting through 2028
, and
by striking before January 1, 2026
and inserting before January 1, 2029
.
Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2025.
December 8. 2025
Read the second time and placed on the calendar