WASHINGTON, Nov. 15 -- Rep. Don Bacon, R-Neb., introduced the "Hostage Private Debt Tax Freedom Act" on Aug. 30, 2024. The text of the bill was released on Nov. 14. H.R. 9431. A bill to amend the Internal Revenue Code of 1986 to exclude from gross income the discharge of indebtedness of certain individuals who are unlawfully or wrongfully detained abroad; to the Committee on Ways and Means. The bill is cosponsored by Rep. Josh Gottheimer, D-N.J. * * * SECTION 1. Short title. This Act may be  more

WASHINGTON, Nov. 14 -- Rep. Blake D. Moore, R-Utah, introduced the "Health Out-of-Pocket Expense Act" on Aug. 23, 2024. The text of the bill was released on Nov. 11. H.R. 9394. A bill to amend the Internal Revenue Code of 1986 to reform health provisions, and for other purposes; to the Committee on Ways and Means. The bill is cosponsored by Reps. Jimmy Panetta, D-Calif., Brian Fitzpatrick, R-Pa., Bradley Schneider, D-Ill., Adrian Smith, R-Neb., and Raul Ruiz, D-Calif. * * * SECTION 1. Short   more