Finance Committee and the bills it addressed on June 22

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Finance Committee and the bills it addressed on June 22

The Finance Committee handled S.4443, S.4445, S.4449, S.4450 bills on June 22, according to the US Congress.

Bill S.4443 titled “A bill to amend title IV of the Social Security Act to require States to provide information about available benefits and services to kinship caregivers” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Robert Casey with Mark Kelly, Tim Scott, Todd Young as cosponsors.

Bill S.4445 titled “A bill to amend the Internal Revenue Code of 1986 to expand housing investment with mortgage revenue bonds, and for other purposes” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Catherine Cortez Masto.

Bill S.4449 titled “A bill to amend title XVIII of the Social Security Act to improve the accuracy of market-based Medicare payment for clinical diagnostic laboratory services, to reduce administrative burdens in the collection of data, and for other purposes” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Richard Burr with Sherrod Brown as cosponsor.

Bill S.4450 titled “A bill to provide the President with authority to enter into a comprehensive trade agreement with the United Kingdom, and for other purposes” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Rob Portman with Christopher Coons as cosponsor.

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 June 22
Bill NameSponsorAction
A bill to amend title IV of the Social Security Act to require States to provide information about available benefits and services to kinship caregivers.Sen. Casey, Robert P.Senate
A bill to amend the Internal Revenue Code of 1986 to expand housing investment with mortgage revenue bonds, and for other purposes.Sen. Cortez Masto, CatherineSenate
A bill to amend title XVIII of the Social Security Act to improve the accuracy of market-based Medicare payment for clinical diagnostic laboratory services, to reduce administrative burdens in the collection of data, and for other purposes.Sen. Burr, RichardSenate
A bill to provide the President with authority to enter into a comprehensive trade agreement with the United Kingdom, and for other purposes.Sen. Portman, RobSenate