S. 3385 — Placed on Calendar (Senate)

II Calendar No. 284 119th CONGRESS 1st Session S. 3385 IN THE SENATE OF THE UNITED STATES December 8 (legislative day, December 4), 2025Mr. Schumer introduced the following bill; which was read the first time December 8. 2025Read 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. 1. Short title This Act may be cited as the Lower Health Care Costs Act. 2. Extension of enhancement of health care premium tax credit (a) 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— (1) in the heading, by striking through 2025 and inserting through 2028, and (2) in the matter preceding subclause (I), by striking before January 1, 2026 and inserting before January 1, 2029. (b) 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— (1) in the heading, by striking through 2025 and inserting through 2028, and (2) by striking before January 1, 2026 and inserting before January 1, 2029. (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2025. December 8. 2025Read the second time and placed on the calendar