Bills addressed by Finance Committee on Aug. 2

Bills addressed by Finance Committee on Aug. 2

The Finance Committee handled S.4708, S.4712, S.4722, S.4725, S.4726, S.4728, S.4735, S.4747 bills on Aug. 2, according to the US Congress.

Bill S.4708 titled “A bill to amend title XVIII of the Social Security Act to provide coverage for wigs as durable medical equipment under the Medicare program, and for other purposes” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Richard Blumenthal.

Bill S.4712 titled “A bill to clarify coverage of occupational therapy under the Medicare and Medicaid programs” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Wood Hassan Margaret with Tim Scott as cosponsor.

Bill S.4722 titled “A bill to amend the Internal Revenue Code of 1986 to establish qualified down payment savings programs” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Raphael Warnock.

Bill S.4725 titled “A bill to amend parts B and E of title IV of the Social Security Act to improve foster and adoptive parent recruitment and retention, and for other purposes” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Chuck Grassley with Maggie Hassan as cosponsor.

Bill S.4726 titled “A bill to alleviate pandemic learning loss” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Ted Cruz.

Bill S.4728 titled “A bill to amend the Internal Revenue Code of 1986 to allow for a credit against tax for rent paid on the personal residence of the taxpayer” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Raphael Warnock.

Bill S.4735 titled “A bill to ensure equal treatment for religious organizations in the Federal provision of social services programs, grantmaking, and contracting, and for other purposes” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Marco Rubio with Josh Hawley, Cindy Hyde-Smith, Jim Inhofe, James Lankford, Rick Scott, Tim Scott as cosponsors.

Bill S.4747 titled “A bill to amend title XIX of the Social Security Act 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 with Bob Casey 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 Aug. 2
Bill NameSponsorAction
A bill to amend title XVIII of the Social Security Act to provide coverage for wigs as durable medical equipment under the Medicare program, and for other purposes.Sen. Blumenthal, RichardSenate
A bill to clarify coverage of occupational therapy under the Medicare and Medicaid programs.Sen. Hassan, Margaret WoodSenate
A bill to amend the Internal Revenue Code of 1986 to establish qualified down payment savings programs.Sen. Warnock, Raphael G.Senate
A bill to amend parts B and E of title IV of the Social Security Act to improve foster and adoptive parent recruitment and retention, and for other purposes.Sen. Grassley, ChuckSenate
A bill to alleviate pandemic learning loss.Sen. Cruz, TedSenate
A bill to amend the Internal Revenue Code of 1986 to allow for a credit against tax for rent paid on the personal residence of the taxpayer.Sen. Warnock, Raphael G.Senate
A bill to ensure equal treatment for religious organizations in the Federal provision of social services programs, grantmaking, and contracting, and for other purposes.Sen. Rubio, MarcoSenate
A bill to amend title XIX of the Social Security Act to expand the availability of mental, emotional, and behavioral health services under the Medicaid program, and for other purposes.Sen. Portman, RobSenate