# 115-hr-7203: Long-Term Care Account Act

115-hr-7203, Long-Term Care Account Act, is a 115th Congress bill sponsored by Rep. Marchant, Kenny [R-TX-24] (R-TX); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-7203
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-7203
- Congress: 115
- Title: Long-Term Care Account Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2018-11-30
- Sponsor: Rep. Marchant, Kenny [R-TX-24] (R-TX)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Long-Term Care Account Act This bill allows tax-exempt long-term care accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. The bill excludes from gross income (1) the gains that are contributed to the accounts, and (2) distributions from the accounts that are used exclusively for the long-term care expenses of the account beneficiary or the account beneficiary's spouse.

## Cosponsors (1)

- Rep. Higgins, Brian [D-NY-26] (D-NY), 2018-11-30T00:00:00.000Z

## Related bills

- 115-hr-5985: To amend title XVIII of the Social Security Act to permit review of certain Medicare payment determinations for disproportionate share hospitals, and for other…
- 115-hr-5499: Stephen Michael Gleason Congressional Gold Medal Act
- 115-hr-5141: United States-Israel Security Assistance Authorization Act of 2018
- 115-hr-5132: Iranian Revolutionary Guard Corps Economic Exclusion Act
- 115-hr-4547: Strengthening Protections for Social Security Beneficiaries Act of 2018
- 115-hr-4107: USS Indianapolis Congressional Gold Medal Act

## Sources
- [115-hr-7203 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/7203)

## Related
- [115-hr-5985: To amend title XVIII of the Social Security Act to permit review of certain Med…](https://policyrisk.com/legislation/115-hr-5985)
- [115-hr-5499: Stephen Michael Gleason Congressional Gold Medal Act](https://policyrisk.com/legislation/115-hr-5499)
- [115-hr-5141: United States-Israel Security Assistance Authorization Act of 2018](https://policyrisk.com/legislation/115-hr-5141)
- [115-hr-5132: Iranian Revolutionary Guard Corps Economic Exclusion Act](https://policyrisk.com/legislation/115-hr-5132)
- [115-hr-4547: Strengthening Protections for Social Security Beneficiaries Act of 2018](https://policyrisk.com/legislation/115-hr-4547)
- [115-hr-4107: USS Indianapolis Congressional Gold Medal Act](https://policyrisk.com/legislation/115-hr-4107)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-7203 (as of 2025-11-18).