INDIANAPOLIS -- Lawmakers have introduced a bill that looks to hold nonprofit hospitals accountable for overcharging patients. House Bill 1004, which was authored by State Rep. Martin Carbaugh (R-Fort Wayne), would give lawmakers the ability to revoke the nonprofit status of certain hospitals if they are found to have charged Hoosier families with rates that are "in excess of 200% of the Medicare reimbursement rate at the time of the charge." The bill was co-authored by Reps. Ben Smaltz (R-Auburn) and Julie McGuire (R-Indianapolis). Under the current language of the proposed bill, hospitals would be required to provide the Indiana Department of Health with a report outlining all expenses alongside a comparison of what Medicare pays for the same services. The legislation also seeks to crack down on what nonprofit hospitals can claim as community benefits. HB 1004 also stipulates that nonprofit hospitals would be subjected to an audit every year by the Indiana Secretary of State to confirm compliance and would be obligated to provide the state with the previous fiscal year's Schedule H portion of the federal Form 990. This form would be available for the public to view on the general assembly's website. The only redactions for this form would be related to personal information that would be confidential under the Health Insurance Portability and Accountability Act (HIPAA). The bill is scheduled to receive its first reading in the House Committee on Public Health on Jan. 21. The entire bill can be read here. Ascension St. Vincent, Franciscan Health, Indiana University Health and Community Health Network did not respond to FOX59/CBS4's request for comment Thursday night.