Bills addressed by Finance Committee on April 5

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Bills addressed by Finance Committee on April 5

The Finance Committee handled S.3991, S.3992, S.3993, S.3995 bills on April 5, according to the US Congress.

Bill S.3991 titled “American Made Pharmaceuticals Act of 2022” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Tina Sen. Smith with Tom Cotton as cosponsor.

Bill S.3992 titled “Educators Expense Deduction Modernization Act of 2022” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sherrod Sen. Brown with Cory Booker, Bob Casey, Amy Klobuchar, Robert Menendez, Christopher Murphy, Tina Smith, Chris Van Hollen as cosponsors.

Bill S.3993 titled “SAFER Act Savings Access For Escaping and Rebuilding Act of 2022” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by with John Cornyn as cosponsor.

Bill S.3995 titled “A bill to amend the Harmonized Tariff Schedule of the United States to provide for permanent duty-free treatment on imports of basketballs” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Rand Sen. Paul.

The Finance Committee moves forward in some way on one bill per day.

Most bills have a hearing where those involved explain why they are for or against the bill. Roughly 8,000 bills are addressed by committees each year but only about 800 make it to the floor of Congress, according to ushistory.org.

A 2019 report from the Brookings Institute argued committees aren’t capable of delving fully into the issues they address and are forced to rely on lobbyists.

Bills Addressed by Finance Committee on April 5
Bill NameSponsorAction
American Made Pharmaceuticals Act of 2022Sen. Smith, TinaSenate
Educators Expense Deduction Modernization Act of 2022Sen. Brown, SherrodSenate
SAFER Act Savings Access For Escaping and Rebuilding Act of 2022Sen. Cortez Masto, CatherineSenate
A bill to amend the Harmonized Tariff Schedule of the United States to provide for permanent duty-free treatment on imports of basketballs.Sen. Paul, RandSenate