Finance Committee and the bills it addressed on April 7

Webp 11edited

Finance Committee and the bills it addressed on April 7

The Finance Committee handled S.4023, S.4024, S.4039, S.4042, S.4046, S.4050, S.4060, S.4063, S.4065, S.4067, S.4069 bills on April 7, according to the US Congress.

Bill S.4023 titled “Lifelong Learning and Training Account Act of 2021” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Mark Sen. Warner with Christopher Coons as cosponsor.

Bill S.4024 titled “State and Local Corrections Officer Retirement Fairness Act of 2022” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Patrick Sen. Toomey with Michael Bennet as cosponsor. State and Local Corrections Officer Retirement Fairness Act of 2022This bill extends the exemption from the penalty for early withdrawals from tax-exempt retirement plans currently allowed to federal public safety officers to certain state and local government corrections officers.

Bill S.4039 titled “MENTAL Health for Kids and Underserved Act Medicaid Ensuring Necessary Telehealth is Available Long-term Health for Kids and Underserved Act” was read twice and referred to the Committee on Finance (text: CR S2095) by the Senate. The bill is sponsored by John Sen. Thune with Sherrod Brown, Ben Cardin as cosponsors.

Bill S.4042 titled “Chiropractic Medicare Coverage Modernization Act of 2022” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Richard Sen. Blumenthal with Tammy Baldwin, Kevin Cramer, Roger Wicker as cosponsors.

Bill S.4046 titled “Simplify, Don’t Amplify the IRS Act” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Mike Sen. Braun.

Bill S.4050 titled “Medicare Advantage Quality Payment Relief Act of 2022” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Steve Sen. Daines with Angus King, Tim Scott, Tina Smith as cosponsors.

Bill S.4060 titled “Food and Fuel Family Savings Act” was read twice and referred to the Committee on Finance (Sponsor introductory remarks on measure: CR S2096) by the Senate. The bill is sponsored by Jack Sen. Reed with Dianne Feinstein, Jeff Merkley, Sheldon Whitehouse as cosponsors.

Bill S.4063 titled “No Free TRIPS Act” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Marsha Sen. Blackburn with Kevin Cramer, Bill Hagerty, Mike Lee, Cynthia Lummis, Marco Rubio, Thomas Tillis, Tommy Tuberville as cosponsors.

Bill S.4065 titled “Opportunity Zones Transparency, Extension, and Improvement Act” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Cory Sen. Booker with Tim Scott, Chris Van Hollen, Mark Warner, Todd Young as cosponsors.

Bill S.4067 titled “John Lewis Equality in Medicare and Medicaid Treatment Act of 2022” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Cory Sen. Booker with Sherrod Brown, Alex Padilla as cosponsors.

Bill S.4069 titled “Pistol Brace Protection Act” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by James Sen. Lankford.

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 7
Bill NameSponsorAction
Lifelong Learning and Training Account Act of 2021Sen. Warner, Mark R.Senate
State and Local Corrections Officer Retirement Fairness Act of 2022Sen. Toomey, PatrickSenate
MENTAL Health for Kids and Underserved Act Medicaid Ensuring Necessary Telehealth is Available Long-term Health for Kids and Underserved ActSen. Thune, JohnSenate
Chiropractic Medicare Coverage Modernization Act of 2022Sen. Blumenthal, RichardSenate
Simplify, Don’t Amplify the IRS ActSen. Braun, MikeSenate
Medicare Advantage Quality Payment Relief Act of 2022Sen. Daines, SteveSenate
Food and Fuel Family Savings ActSen. Reed, JackSenate
No Free TRIPS ActSen. Blackburn, MarshaSenate
Opportunity Zones Transparency, Extension, and Improvement ActSen. Booker, Cory A.Senate
John Lewis Equality in Medicare and Medicaid Treatment Act of 2022Sen. Booker, Cory A.Senate
Pistol Brace Protection ActSen. Lankford, JamesSenate