S.1487 - Union Bailout Prevention Act of 2013113th Congress (2013-2014)
|Sponsor:||Sen. Thune, John [R-SD] (Introduced 09/09/2013)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 09/09/2013 Read twice and referred to the Committee on Finance. (All Actions)|
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Summary: S.1487 — 113th Congress (2013-2014)All Information (Except Text)
Introduced in Senate (09/09/2013)
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).
Amends PPACA to exclude Taft-Hartley plans from the meaning of "qualified health plan."