Sec. 2. Deposit of certain reinsurance program funds into the Treasury
180 words·~1 min read·
/bill/114/s/2803/is/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the Secretary of Health and Human Services fails to make deposits into the general fund of the Treasury of the United States— in an amount equal to $2,000,000,000 for each of calendar years 2014 and 2015, within 45 days of the date of enactment of this Act, there shall be rescinded from amounts appropriated for the general departmental management of the Office of the Secretary of Health and Human Services for fiscal year 2016, an amount equal to 50 percent of the unexpended balance of such amounts; and in an amount equal to $1,000,000,000 for calendar year 2016, by March 1, 2017, there shall be rescinded from amounts appropriated for the general departmental management of the Office of the Secretary of Health and Human Services for fiscal year 2017, an amount equal to 50 percent of the unexpended balance of such amounts.
The amounts to be deposited in accordance with subsection
(a)shall be derived from contributions collected under the transitional reinsurance program under section 1341 of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18061 ).
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 2
Deposit of certain reinsurance program funds into the Treasury
Cites 1Cited by 0 across 0 sources