News

On Wednesday, the full U.S. House of Representatives passed H.R. 748, the “Middle Class Health Benefits Tax Repeal Act,” in an overwhelmingly bipartisan vote of 419-6.

Earlier this week, FEMA published proposed rulemaking which follows the Biggert-Waters mandate to modify the way FEMA pays private insurance companies participating in the WYO program for the NFIP.

Earlier this week, the U.S. Senate Committee on Health, Education, Labor, and Pensions marked up the “Lower Health Care Costs Act,” which passed out of the committee by a vote of 20-3.

On Tuesday, the U.S. Senate Committee on Banking, Housing and Urban Development held a hearing on reauthorizing the Terrorism Risk Insurance Program, which is currently scheduled to expire on Dec. 31, 2020.

The U.S. Senate Banking Committee held a hearing to follow up on recent draft legislation designed to improve corporate transparency, strengthen national security and help law enforcement combat illicit financial activity.

The legislation under discussion includes five sections that would address surprise medical billing, reduce the prices of prescription drugs, create more transparency, boost public health and improve the exchange of health IT.

Late last week, the Trump Administration released its final rule on expanding health reimbursement arrangements. The rule would make it easier for employers to use HRAs to help their employees purchase health plans.

In a moment of bipartisanship, the U.S. House Financial Services Committee passed the legislation by a unanimous vote of 59-0.

On Tuesday, the U.S. House Financial Services Committee passed legislation that would require small businesses to file new reports on their beneficial ownership with the Treasury Department’s Financial Crimes Enforcement Network.

On Wednesday, the U.S. House of Representatives held two hearings with potential implications for the health insurance marketplace.