119th Congress Taxation
S. 46: Health Care Affordability Act of 2025
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill makes permanent temporary changes enacted by the American Rescue Plan Act of 2021 (ARPA) and the Inflation Reduction Act of 2022 (IRA) that generally expand eligibility for and increase the amount of the premium tax credit.
Currently, eligible taxpayers may be able to claim the premium tax credit, which applies toward the cost of obtaining health insurance through health insurance exchanges. To be eligible for the premium tax credit, a taxpayer’s household income must meet or exceed 100% of the federal poverty level (FPL) and, after 2025, may not exceed 400% of the FPL (maximum income limit). For 2021-2025, the ARPA and IRA eliminated the maximum income limit, which generally expands eligibility for the premium tax credit.
Further, under current law, the amount of the premium tax credit is (1) generally the plan premium (conditions apply), minus (2) the taxpayer’s household income multiplied by the applicable percentage. The applicable percentage is a specific percentage that varies depending on which of six income ranges (adjusted for inflation after 2025) the taxpayer’s household income falls within. For 2021-2025, the ARPA and IRA lowered the applicable percentages and eliminated the adjustment of the applicable percentages for inflation, which generally increases the amount of the premium tax credit.
Read the full summary
The bill makes permanent the elimination of the 400% maximum income limit, the lower applicable percentages, and the elimination of the inflation adjustment for the applicable percentages.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Tammy Baldwin D-WIOriginal
- Michael Bennet D-COOriginal
- Richard Blumenthal D-CTOriginal
- Cory Booker D-NJOriginal
- Christopher Coons D-DEOriginal
- Catherine Cortez Masto D-NVOriginal
- Richard Durbin D-ILOriginal
- Tammy Duckworth D-ILOriginal
- John Fetterman D-PAOriginal
- Kirsten Gillibrand D-NYOriginal
- John Hickenlooper D-COOriginal
- Mazie Hirono D-HIOriginal
- Martin Heinrich D-NMOriginal
- Margaret Hassan D-NHOriginal
- Amy Klobuchar D-MNOriginal
- Mark Kelly D-AZOriginal
- Angus King I-MEOriginal
- Timothy Kaine D-VAOriginal
- Andy Kim D-NJOriginal
- Ben Luján D-NMOriginal
- Edward Markey D-MAOriginal
- Patty Murray D-WAOriginal
- Jeff Merkley D-OROriginal
- Alejandro Padilla D-CAOriginal
- Gary Peters D-MIOriginal
- John Reed D-RIOriginal
- Jacky Rosen D-NVOriginal
- Charles Schumer D-NYOriginal
- Adam Schiff D-CAOriginal
- Brian Schatz D-HIOriginal
- Tina Smith D-MNOriginal
- Elissa Slotkin D-MIOriginal
- Chris Van Hollen D-MDOriginal
- Ron Wyden D-OROriginal
- Raphael Warnock D-GAOriginal
- Peter Welch D-VTOriginal
- Sheldon Whitehouse D-RIOriginal
- Mark Warner D-VAOriginal
- Elizabeth Warren D-MAOriginal
- Christopher Murphy D-CT
- Lisa Blunt Rochester D-DE
- Ruben Gallego D-AZ
- Angela Alsobrooks D-MD
- Jon Ossoff D-GA
Who scored on this bill
- 1Jeanne Shaheen SponsorDrew cross-party cosponsors, reached a cosponsor milestone, introduced3 events+12
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Jeanne Shaheen
History
- Introduced in the Senate by Jeanne Shaheen.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.