PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Health.
Congressional Research Service
Version 00 · Introduced in House · Feb 1, 2005
Medicare Corporate Accountability Act of 2004 (sic) - Amends the Internal Revenue Code to impose upon employers an excise tax on the termination of prescription drug benefits to retirees who attained age 65 before the termination of benefits and whose employment terminated before the enactment of this Act. Requires the Secretary of the Treasury to transfer tax revenues raised by this Act to the Medicare Prescription Drug Account.
People & committees
Rep. Engel, Eliot L. [D-NY-17] · D–NY
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Referred to the Subcommittee on Health.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 15, 2025. Consult Congress.gov for the current record.
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Analyze H.R.462 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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