Section 1. Short title
This Act may be cited as the Healthcare Reinvestment Act.
(a) Repeal
Sections 100052, 100053, 100054, and 100055 of Public Law 119–21 are repealed, and all provisions of law classified to title 6 or 8 of the Untied States Code shall be applied as if such sections had not been enacted.
(b) Rescission
The amounts appropriated under sections 100052, 100053, 100054, and 100055 of Public Law 119–21 are hereby rescinded.
(c) Reallocation
Amounts rescinded under subsection (b) shall be transferred and made available, without fiscal year limitation, to the Secretary of the Treasury to extend the application of subsections (b)(3)(A)(iii) and (c)(1)(E) of section 36B of the Internal Revenue Code of 1986.
(a) Annual report
The Secretary of the Treasury shall make publicly available an annual written report on the use of funds made available under section 2(c), including the number of individuals who retained eligibility for tax credits under section 36B of the Internal Revenue Code of 1986.
(b) Inspector General oversight
The Treasury Inspector General for Tax Administration shall conduct annual audits of the use of funds made available under section 2(c).