H.R. 4723 — Introduced in House

I 114th CONGRESS 2d Session H. R. 4723 IN THE HOUSE OF REPRESENTATIVES March 10, 2016 Ms. Jenkins of Kansas (for herself, Mr. Tiberi, Mr. Roskam, Mrs. Black, and Mr. Sam Johnson of Texas) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide for the recovery of improper overpayments resulting from certain Federally subsidized health insurance. 1. Short title This Act may be cited as the Protecting Taxpayers by Recovering Improper Obamacare Subsidy Overpayments Act. 2. Recovery of improper overpayments resulting from certain Federally subsidized health insurance (a) In general Section 36B(f)(2) of the Internal Revenue Code of 1986 is amended by striking subparagraph (B). (b) Conforming amendments (1) Clause (ii) of section 35(g)(12)(B) of such Code is amended by striking , except that and all that follows and inserting a period. (2) So much of paragraph (2) of section 36B(f) of such Code as precedes advance payments is amended to read as follows: (2) Excess advance payments If the . (c) Effective date The amendments made by this subsection shall apply to taxable years beginning after December 31, 2016.