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.
On Tuesday, the U.S. Senate Banking Committee held a hearing to examine consumer data collection practices and their impact on a variety of products and services.
The draft legislation is aimed at reducing health care costs and includes five sections that would address surprise medical billing, reduce the prices of prescription drugs, increase transparency, boost public health and improve the exchange of health IT.
Earlier this week, the U.S. House of Representatives passed a disaster aid package that included an extension of the NFIP through Sept. 30, the end of the fiscal year.
At press time, the U.S. House of Representatives is expected to try to pass a two-week extension of the NFIP, which is currently scheduled to expire at midnight tomorrow, May 31.
