July 28: bills handled by Ways and Means Committee

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July 28: bills handled by Ways and Means Committee

The Ways and Means Committee handled H.R.8555, H.R.8558, H.R.8559, H.R.8565, H.R.8566, H.R.8572, H.R.8579, H.R.8580, H.R.8581, H.R.8582, H.R.8588, H.Res.1294 bills on July 28, according to the US Congress.

Bill H.R.8555 titled “To amend the Internal Revenue Code of 1986 to stipulate that a parking benefit is not a qualified parking fringe benefit unless an employer offers employees the option to receive an equivalent cash benefit or alternative tax-exempt benefit in lieu of the parking benefit” was referred to the House Committee on Ways and Means by the House of Representatives. The bill is sponsored by Rep. Earl Blumenauer.

Bill H.R.8558 titled “To amend the Internal Revenue Code of 1986 to impose a minimum tax on certain wealthy taxpayers that takes into account unrealized gains” was referred to the House Committee on Ways and Means by the House of Representatives. The bill is sponsored by Rep. Steve Cohen with Nanette Barragan, Donald Beyer, Brendan Boyle, Andre Carson, Yvette Clarke, Danny Davis, Peter Defazio, Rosa Delauro, Mark Desaulnier, Dwight Evans, Bill Foster, John Garamendi, Jesus Garcia, Jimmy Gomez, Raúl Grijalva, Mondaire Jones, Barbara Lee, Carolyn Maloney, Betty Mccollum, James Mcgovern, Seth Moulton, Jerrold Nadler, Marie Newman, Eleanor Norton, Stacey Plaskett, Katie Porter, Janice Schakowsky, Mark Takano, Rashida Tlaib, Bonnie Watson Coleman, Peter Welch, John Yarmuth as cosponsors.

Bill H.R.8559 titled “To amend the Internal Revenue Code of 1986 to provide tax relief for certain small business owners, to impose a tax on the repurchase of corporate stock, and for other purposes” was referred to the House Committee on Ways and Means by the House of Representatives. The bill is sponsored by Rep. Angie Craig.

Bill H.R.8565 titled “To amend title XVIII of the Social Security Act to permanently extend the Medicare-dependent hospital and low-volume hospital programs under the Medicare program” was referred to the House Committee on Ways and Means by the House of Representatives. The bill is sponsored by Rep. Sam Graves.

Bill H.R.8566 titled “To impose a fee on certain remittance transfers to fund border security” was referred to the Committee on Ways and Means and in addition to the Committees on Homeland Security Foreign Affairs Financial Services and the Judiciary for a period to be subsequently determined by the Speaker in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned by the House of Representatives. The bill is sponsored by Rep. Kevin Hern.

Bill H.R.8572 titled “To amend the Internal Revenue Code of 1986 to impose an excise tax on fuel based on the carbon content of such fuel, and for other purposes” was referred to the House Committee on Ways and Means by the House of Representatives. The bill is sponsored by Rep. Patrick Maloney Sean.

Bill H.R.8579 titled “To increase retirement savings, simplify and clarify retirement plan rules, and for other purposes” was referred to the House Committee on Ways and Means by the House of Representatives. The bill is sponsored by Rep. David Schweikert with Byron Donalds as cosponsor.

Bill H.R.8580 titled “To amend the Coronavirus Aid, Relief, and Economic Security Act to provide for a 12-month extension of the Medicare long-term care hospital waiver of the site-neutral IPPS payment rate” was referred to the House Committee on Ways and Means by the House of Representatives. The bill is sponsored by Rep. Terri Sewell with Jason Smith as cosponsor.

Bill H.R.8581 titled “To amend title XVIII of the Social Security Act to ensure stability in payments to home health agencies under the Medicare program” was referred to the Committee on Ways and Means and in addition to the Committee on Energy and Commerce for a period to be subsequently determined by the Speaker in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned by the House of Representatives. The bill is sponsored by Rep. Terri Sewell with Vern Buchanan as cosponsor.

Bill H.R.8582 titled “To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family homes by certain large investors” was referred to the Committee on Ways and Means and in addition to the Committee on Financial Services for a period to be subsequently determined by the Speaker in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned by the House of Representatives. The bill is sponsored by Rep. Adam Smith.

Bill H.R.8588 titled “To address the high costs of health care services, prescription drugs, and health insurance coverage in the United States, and for other purposes” was referred to the Committee on Energy and Commerce and in addition to the Committees on Ways and Means Education and Labor the Judiciary Oversight and Reform Rules the Budget Armed Services and House Administration for a period to be subsequently determined by the Speaker in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned by the House of Representatives. The bill is sponsored by Rep. Bruce Westerman with Anthony Gonzalez as cosponsor.

Bill H.Res.1294 titled “Expressing the sense of the House of Representatives that the United States should negotiate strong, inclusive, and forward-looking rules on digital trade and the digital economy with like-minded countries as part of its broader trade and economic strategy in order to ensure American values of democracy, rule of law, freedom of speech, human and worker rights, privacy, and a free and open internet are at the very core of digital governance”. The bill is sponsored by Rep. Suzan DelBene with Ami Bera, Earl Blumenauer, Steve Chabot, Darin Lahood, Adrian Smith as cosponsors.

The Ways and Means 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 Ways and Means Committee on July 28
Bill NameSponsorAction
To amend the Internal Revenue Code of 1986 to stipulate that a parking benefit is not a qualified parking fringe benefit unless an employer offers employees the option to receive an equivalent cash benefit or alternative tax-exempt benefit in lieu of the parking benefit.Rep. Blumenauer, EarlHouse of Representatives
To amend the Internal Revenue Code of 1986 to impose a minimum tax on certain wealthy taxpayers that takes into account unrealized gains.Rep. Cohen, SteveHouse of Representatives
To amend the Internal Revenue Code of 1986 to provide tax relief for certain small business owners, to impose a tax on the repurchase of corporate stock, and for other purposes.Rep. Craig, AngieHouse of Representatives
To amend title XVIII of the Social Security Act to permanently extend the Medicare-dependent hospital and low-volume hospital programs under the Medicare program.Rep. Graves, SamHouse of Representatives
To impose a fee on certain remittance transfers to fund border security.Rep. Hern, KevinHouse of Representatives
To amend the Internal Revenue Code of 1986 to impose an excise tax on fuel based on the carbon content of such fuel, and for other purposes.Rep. Maloney, Sean PatrickHouse of Representatives
To increase retirement savings, simplify and clarify retirement plan rules, and for other purposes.Rep. Schweikert, DavidHouse of Representatives
To amend the Coronavirus Aid, Relief, and Economic Security Act to provide for a 12-month extension of the Medicare long-term care hospital waiver of the site-neutral IPPS payment rate.Rep. Sewell, Terri A.House of Representatives
To amend title XVIII of the Social Security Act to ensure stability in payments to home health agencies under the Medicare program.Rep. Sewell, Terri A.House of Representatives
To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family homes by certain large investors.Rep. Smith, AdamHouse of Representatives
To address the high costs of health care services, prescription drugs, and health insurance coverage in the United States, and for other purposes.Rep. Westerman, BruceHouse of Representatives
Expressing the sense of the House of Representatives that the United States should negotiate strong, inclusive, and forward-looking rules on digital trade and the digital economy with like-minded countries as part of its broader trade and economic strategy in order to ensure American values of democracy, rule of law, freedom of speech, human and worker rights, privacy, and a free and open internet are at the very core of digital governance.Rep. DelBene, Suzan K.