Finance Committee and the bills it addressed on May 3

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Finance Committee and the bills it addressed on May 3

The Finance Committee handled S.4125, S.4130, S.4131 bills on May 3, according to the US Congress.

Bill S.4125 titled “RAISE Act of 2022 Respect, Advancement, and Increasing Support for Educators Act of 2022” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Cory Booker with Richard Blumenthal, Sherrod Brown, Tammy Duckworth, Martin Heinrich, Robert Menendez, Alex Padilla, Chris Van Hollen as cosponsors.

Bill S.4130 titled “Patient Access to Higher Quality Health Care Act of 2022” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. James Lankford with John Barrasso, John Boozman, Bill Cassidy, John Cornyn, Tom Cotton, Ted Cruz, Jim Inhofe, Roger Marshall, Rand Paul, Thomas Tillis, Todd Young as cosponsors.

Bill S.4131 titled “No Tax Breaks for Radical Corporate Activism Act” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Marco Rubio.

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 May 3
Bill NameSponsorAction
RAISE Act of 2022 Respect, Advancement, and Increasing Support for Educators Act of 2022Sen. Booker, Cory A.Senate
Patient Access to Higher Quality Health Care Act of 2022Sen. Lankford, JamesSenate
No Tax Breaks for Radical Corporate Activism ActSen. Rubio, MarcoSenate