Page:United States Statutes at Large Volume 117.djvu/2488

 PUBLIC LAW 108–173—DEC. 8, 2003

117 STAT. 2469

‘‘(iii)(I) compares in specific terms the detriment identified under clause (i) with the benefits identified under clause (ii); and ‘‘(II) determines that the benefits do not outweigh the detriment. ‘‘(m) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated such sums as are necessary to carry out this section.’’. (b) CONFORMING AMENDMENTS.—The Federal Food, Drug, and Cosmetic Act is amended— (1) in section 301(aa) (21 U.S.C. 331(aa)), by striking ‘‘covered product in violation of section 804’’ and inserting ‘‘prescription drug in violation of section 804’’; and (2) in section 303(a)(6) (21 U.S.C. 333(a)(6), by striking ‘‘covered product pursuant to section 804(a)’’ and inserting ‘‘prescription drug under section 804(b)’’. SEC. 1122. STUDY AND REPORT ON IMPORTATION OF DRUGS.

21 USC 384 note.

The Secretary, in consultation with appropriate government agencies, shall conduct a study on the importation of drugs into the United States pursuant to section 804 of the Federal Food, Drug, and Cosmetic Act (as added by section 1121 of this Act). Not later than 12 months after the date of the enactment of this Act, the Secretary shall submit to the appropriate committees of the Congress a report providing the findings of such study. SEC. 1123. STUDY AND REPORT ON TRADE IN PHARMACEUTICALS.

21 USC 381 note.

The President’s designees shall conduct a study and report on issues related to trade and pharmaceuticals.

TITLE XII—TAX INCENTIVES FOR HEALTH AND RETIREMENT SECURITY SEC. 1201. HEALTH SAVINGS ACCOUNTS.

(a) IN GENERAL.—Part VII of subchapter B of chapter 1 of the Internal Revenue Code of 1986 (relating to additional itemized deductions for individuals) is amended by redesignating section 223 as section 224 and by inserting after section 222 the following new section: ‘‘SEC. 223. HEALTH SAVINGS ACCOUNTS.

26 USC 223, 224. 26 USC 223.

‘‘(a) DEDUCTION ALLOWED.—In the case of an individual who is an eligible individual for any month during the taxable year, there shall be allowed as a deduction for the taxable year an amount equal to the aggregate amount paid in cash during such taxable year by or on behalf of such individual to a health savings account of such individual. ‘‘(b) LIMITATIONS.— ‘‘(1) IN GENERAL.—The amount allowable as a deduction under subsection (a) to an individual for the taxable year shall not exceed the sum of the monthly limitations for months during such taxable year that the individual is an eligible individual. ‘‘(2) MONTHLY LIMITATION.—The monthly limitation for any 1⁄12 of— month is

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