Finance Committee and the bills it addressed on June 23

Finance Committee and the bills it addressed on June 23

The Finance Committee handled S.4459, S.4475, S.4486, S.4489, S.4498 bills on June 23, according to the US Congress.

Bill S.4459 titled “A bill to provide targeted relief for student borrowers, improve the affordability of higher education, provide reforms to the student loan system, 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.4475 titled “A bill to amend the Internal Revenue Code of 1986 to allow a business credit for gain from the sale of real property for use as a manufactured home community, and for other purposes” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Jeanne Shaheen.

Bill S.4486 titled “A bill to improve the health of minority individuals, and for other purposes” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Cory Booker with Sherrod Brown, Ben Cardin, Tammy Duckworth, Kirsten Gillibrand, Mazie Hirono, Timothy Kaine, Jeff Merkley, Bernard Sanders, Raphael Warnock, Elizabeth Warren as cosponsors.

Bill S.4489 titled “A bill to provide greater support for grandfamilies and older caretaker relatives” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Robert Casey with Tammy Baldwin, Sherrod Brown, Kirsten Gillibrand as cosponsors.

Bill S.4498 titled “A bill to expand the availability of mental, emotional, and behavioral health services under the Medicaid program, and for other purposes” 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 June 23
Bill NameSponsorAction
A bill to provide targeted relief for student borrowers, improve the affordability of higher education, provide reforms to the student loan system, and for other purposes.Sen. Cortez Masto, CatherineSenate
A bill to amend the Internal Revenue Code of 1986 to allow a business credit for gain from the sale of real property for use as a manufactured home community, and for other purposes.Sen. Shaheen, JeanneSenate
A bill to improve the health of minority individuals, and for other purposes.Sen. Booker, Cory A.Senate
A bill to provide greater support for grandfamilies and older caretaker relatives.Sen. Casey, Robert P.Senate
A bill to expand the availability of mental, emotional, and behavioral health services under the Medicaid program, and for other purposes.Sen. Casey, Robert P.Senate