Finance Committee and the bills it addressed on May 11

Finance Committee and the bills it addressed on May 11

The Finance Committee handled S.4181 bill on May 11, according to the US Congress.

Bill S.4181 titled “A bill to amend title VI of the Social Security Act to allow coronavirus State and local fiscal recovery funds to be used for low-income housing credit projects” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Patrick Leahy with Michael Bennet, Susan Collins, Catherine Cortez Masto, Maggie Hassan, Angus King, Alex Padilla, John Reed, Bernard Sanders, Sheldon Whitehouse, Ron Wyden as cosponsors.

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 11
Bill NameSponsorAction
A bill to amend title VI of the Social Security Act to allow coronavirus State and local fiscal recovery funds to be used for low-income housing credit projects.Sen. Leahy, Patrick J.Senate