Bills addressed by Finance Committee on May 19

Bills addressed by Finance Committee on May 19

The Finance Committee handled S.4264, S.4265, S.4267, S.4273 bills on May 19, according to the US Congress.

Bill S.4264 titled “A bill to amend title XIX of the Social Security Act to require States to develop a strategy to integrate and coordinate Medicaid and Medicare coverage for full-benefit dual eligible individuals” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Tim Scott with Bob Casey, Bill Cassidy as cosponsors.

Bill S.4265 titled “A bill to amend the Internal Revenue Code of 1986 to increase and provide an inflation adjustment for the limitation on distributions from qualified tuition programs that may be used for elementary and secondary tuition” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. John Kennedy.

Bill S.4267 titled “A bill to amend the Internal Revenue Code of 1986 to create a tax credit for qualified health insurance premiums of eligible retired public safety officers, and for other purposes” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Michael Bennet.

Bill S.4273 titled “A bill to amend title XIX of the Social Security Act to provide States with resources to support efforts to integrate or coordinate Medicare and Medicaid benefits for individuals that are eligible for both programs” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Robert Casey.

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 19
Bill NameSponsorAction
A bill to amend title XIX of the Social Security Act to require States to develop a strategy to integrate and coordinate Medicaid and Medicare coverage for full-benefit dual eligible individuals.Sen. Scott, TimSenate
A bill to amend the Internal Revenue Code of 1986 to increase and provide an inflation adjustment for the limitation on distributions from qualified tuition programs that may be used for elementary and secondary tuition.Sen. Kennedy, JohnSenate
A bill to amend the Internal Revenue Code of 1986 to create a tax credit for qualified health insurance premiums of eligible retired public safety officers, and for other purposes.Sen. Bennet, Michael F.Senate
A bill to amend title XIX of the Social Security Act to provide States with resources to support efforts to integrate or coordinate Medicare and Medicaid benefits for individuals that are eligible for both programs.Sen. Casey, Robert P.Senate