HR 9394
HOPE Act of 2024
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The HOPE Act of 2024 aims to create ‘HOPE Accounts,’ which are trust accounts designed to help individuals save for and pay qualified medical expenses. These accounts have specific requirements regarding contributions, trustee oversight, and investment restrictions. The bill also modifies existing tax rules to accommodate these accounts, including allowing employer contributions and addressing potential issues related to excess contributions and reporting. It seeks to provide a tax-advantaged way for individuals to manage healthcare costs.
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Primary sponsor
Cosponsors
Anthony D'Esposito
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