Union Bailout Prevention Act of 2013

Bill: 113-s-1487
Sponsor: full_name: Sen. Thune, John [R-SD]
Introduced: 2013-09-09
Policy area: Taxation
Subjects: Employee benefits and pensions

Health care costs and insurance

Income tax credits

Labor-management relations
Latest action: action_date: 2013-09-09
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2013-09-09
action_desc: Introduced in Senate
text: <p>Union Bailout Prevention Act of 2013 - Declares that no refundable premium assistance tax credits (subsidies) for coverage under a qualified health plan under the Internal Revenue Code, or reductions in cost-sharing under the Patient Protection and Affordable Care Act (PPACA), shall be permitted with respect to an individual for health insurance coverage provided pursuant to a collective bargaining agreement involving one or more employers (Taft-Hartley plan).</p> <p>Amends PPACA to exclude Taft-Hartley plans from the meaning of &quot;qualified health plan.&quot;</p>

tv_txt: II 113th CONGRESS 1st Session S. 1487 IN THE SENATE OF THE UNITED STATES September 9, 2013 Mr. Thune (for himself, Mr. Enzi , Mr. Barrasso , Mr. Alexander , Mr. Rubio , Mr. Isakson , Mr. Scott , and Mr. McConnell ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To limit the availability of tax credits and reductions in cost-sharing under the Patient Protection and Affordable Care Act to individuals who receive health insurance coverage pursuant to the provisions of a Taft-Hartley plan.

1. Short title This Act may be cited as the Union Bailout Prevention Act of 2013 . 2. Limitation on subsidies for individuals in Taft-Hartley plans (a) In general Notwithstanding any other provision of law, no premium tax credits shall be permitted under section 36B of the Internal Revenue Code of 1986 and no reductions in cost-sharing shall be permitted under section 1402 of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18071 ) with respect to an individual for health insurance coverage provided pursuant to the terms of a collective bargaining agreement involving one or more employers. (b) Qualified plans Section 1301(a) of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18021(a) ) is amended by adding at the end the following: (5) Taft-Hartley plans The term qualified health plan shall not include health insurance coverage provided pursuant to the terms of a collective bargaining agreement involving one or more employers. .