Fully fund the health care tax credit for up to two years by redirecting up to $40 billion from the Argentina bailout.

On November 18, 2025, Rep. Horsford introduced the Helping Every American Lower Their Healthcare (HEALTH) Act, legislation that would codify his amendment from the week prior, redirecting the bailout of up to $40 billion that President Trump gave to Argentina, and instead use it to fully fund the health care tax credit for up to two years.

Horsford backed legislation to redirect funds from the Argentina bailout to extend and fully fund the health care tax credit for up to two years.

Horsford on Health Care Vote: One Step Closer to Restoring Critical Tax Credit for 85K Nevadans | Congressman Steven Horsford
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The bill text states it would extend the health insurance premium tax credit and rescind unobligated balances for assistance to Argentina. Congress.gov lists the latest action as referral to the Ways and Means and Appropriations Committees on 11/17/2025, with the bill status still "Introduced."

Horsford introduced the HEALTH Act, but it remained at introduction/referral with no enactment or committee movement shown.

unresolved same_term A for effort

All Information (Except Text) for H.R.6050 - HEALTH Act | Congress.gov | Library of Congress
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Horsford said Democrats had worked throughout 2025 to extend the health care tax credit through amendments and standalone legislation, including the HEALTH Act that would redirect up to $40 billion from the Argentina bailout to fully fund the credit for up to two years; the release says earlier efforts were blocked by party-line votes.

He made a concrete legislative push and framed prior attempts as blocked, but this does not show the Argentina-redirection proposal was enacted.

partial same_term A for effort

Horsford on Health Care Vote: One Step Closer to Restoring Critical Tax Credit for 85K Nevadans | Congressman Steven Horsford
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Horsford highlighted that Nevada families face "the looming expiration of Affordable Care Act tax credits" and rising health care costs, indicating the underlying policy problem the HEALTH Act sought to address remained unresolved as of April 2026.

The affordability issue remained active in April 2026, consistent with the Argentina-redirection proposal not yet having delivered the promised funding.

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Horsford to RFK Jr.: You Can't Make America Healthy Again While Cutting a Trillion Dollars from Health Care
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