Search Results for keywords:"hope act of 2024"

Search Results: keywords:"hope act of 2024"

H. R. 9394 — To amend the Internal Revenue Code of 1986 to reform health provisions, and for other purposes.
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August 23, 2024
Status:Introduced in House
Congress:118
Words:4,280
H.R. 9394, known as the "Health Out-of-Pocket Expense Act of 2024" or the "HOPE Act of 2024," proposes changes to the Internal Revenue Code of 1986. It introduces HOPE Accounts, which are tax-exempt trusts designed to pay for an individual's medical expenses. The bill sets rules for how these...
Simple Explanation
The "HOPE Act of 2024" lets people put money into special savings accounts called HOPE Accounts to pay for doctor's visits and medicine without paying extra taxes, but if they use the money for other things, they get charged a big penalty.
S. 5171 — To authorize competitive grants for the establishment of HOPE Accounts Pilot Projects and HOPE Action Plans Pilot Projects, and for other purposes.
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September 25, 2024
Status:Introduced in Senate
Congress:118
Words:5,444
S. 5171, known as the "HOPE Act of 2024," aims to provide competitive grants for establishing pilot projects that assist low-income individuals in the U.S. through HOPE Accounts and HOPE Action Plans. These pilot projects focus on creating savings accounts with direct...
Simple Explanation
The HOPE Act of 2024 is a plan to help people with less money in the U.S. by giving them special savings accounts and making it easier for them to get help using technology, but there are some worries that the money might not be used the right way.
S. 4161 — To authorize the Attorney General to make grants to States, units of local government, and Indian Tribes to reduce the financial and administrative burden of expunging convictions for cannabis offenses, and for other purposes.
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April 18, 2024
Status:Introduced in Senate
Congress:118
Words:1,188
S. 4161, also known as the “Harnessing Opportunities by Pursuing Expungement Act of 2024” or the “HOPE Act of 2024,” aims to reduce the financial and administrative hurdles involved in expunging cannabis-related convictions. The bill proposes a program where the Attorney...
Simple Explanation
The HOPE Act of 2024 is a plan to help clear people's records of cannabis crimes by giving money to states and tribes so they can make the process easier and tell people about it. This money helps pay for things like computers and advice, so it's not so hard to fix these records.

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