July 5, 2006 – The HSA Improvement and Expansion Act of 2006 has been introduced in the Senate (S. 3585) by Sen. Orrin Hatch (R-Utah), and simultaneously as a companion bill in the House (H.R. 5743) by Rep. Paul Ryan (R-Wis.). The bills would allow a taxpayer to execute a one-time contribution (transfer) of assets to a health savings account (HSA) from an employer’s health flexible spending account (FSA), a health reimbursement arrangement (HRA), or a taxpayer’s Traditional or Roth IRA. The stated intent of the bills is to allow taxpayers with present high medical expenses to immediately infuse additional assets into an HSA. The bills have been referred to committee, but no details on scheduling of hearings have been released.