Competitive Bidding Relief Act of 2023

Hozzl · 2024-03-13T17:55:51Z

Explore the details of Senate Bill 1294 Competitive Bidding Relief Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Health. Stay informed on legislative developments.

3/13/2024, 5:55 PM

Summary of Bill S 1294

The Competitive Bidding Relief Act of 2023, also known as Bill 118 s 1294, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to provide relief to small businesses and contractors who are negatively impacted by competitive bidding processes for government contracts.

The bill aims to streamline the bidding process for government contracts, making it easier for small businesses to compete with larger corporations. It also seeks to reduce the administrative burden on contractors by simplifying the requirements for submitting bids and proposals.

Additionally, the Competitive Bidding Relief Act of 2023 includes provisions to increase transparency and accountability in the bidding process, ensuring that contracts are awarded fairly and in accordance with federal regulations. Overall, this bill is designed to level the playing field for small businesses and contractors, allowing them to compete more effectively for government contracts and ultimately stimulating economic growth and job creation.

Congressional Summary of S 1294

Competitive Bidding Relief Act of 2023

This bill extends until December 31, 2024, a higher payment rate (known as the 75/25 blended rate) for durable medical equipment in nonrural or noncontiguous areas under Medicare.

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Current Status of Bill S 1294

Bill S 1294 is currently in the status of Bill Introduced since April 26, 2023. Bill S 1294 was introduced during Congress 118 and was introduced to the Senate on April 26, 2023. Bill S 1294's most recent activity was Read twice and referred to the Committee on Finance. (text: CR S1385) as of April 26, 2023

Bipartisan Support of Bill S 1294

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 1294

Primary Policy Focus

Health

Alternate Title(s) of Bill S 1294

Competitive Bidding Relief Act of 2023Competitive Bidding Relief Act of 2023A bill to provide for payment rates for durable medical equipment under the Medicare program.

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