Addressing SILO Act of 2023

Hozzl · 2023-12-27T14:36:21Z

Explore the details of Senate Bill 3437 Addressing SILO Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

12/27/2023, 2:36 PM

Summary of Bill S 3437

Bill 118 s 3437, also known as the Addressing SILO Act of 2023, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address the issue of State and Local Government Leasing Arrangements, also known as SILOs.

SILOs are financial transactions in which state and local governments lease out public assets, such as transportation infrastructure or public buildings, to private entities in exchange for upfront cash payments. These arrangements have come under scrutiny in recent years due to concerns about their impact on government finances and the potential for abuse.

The Addressing SILO Act of 2023 aims to increase transparency and oversight of these leasing arrangements. The bill requires state and local governments to disclose detailed information about any SILO transactions they enter into, including the terms of the lease, the amount of the upfront payment, and the expected financial impact on the government entity. Additionally, the bill establishes a process for the federal government to review and approve SILO transactions to ensure they are in the best interest of the public. This oversight is intended to prevent abuse and ensure that state and local governments are not entering into these arrangements solely for short-term financial gain. Overall, the Addressing SILO Act of 2023 seeks to protect the financial interests of state and local governments and promote transparency in their dealings with private entities. It is currently under consideration in Congress and may undergo further revisions before being voted on.

Congressional Summary of S 3437

Addressing Social Isolation and Loneliness in Older Adults Act of 2023 or the Addressing SILO Act of 2023

This bill provides funding through FY2028 for grants to prevent and address social isolation or loneliness among older adults and individuals with disabilities through education, outreach, and community-based interventions. The Department of Health and Human Services must award these grants to area agencies on aging and community-based organizations.

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Current Status of Bill S 3437

Bill S 3437 is currently in the status of Bill Introduced since December 7, 2023. Bill S 3437 was introduced during Congress 118 and was introduced to the Senate on December 7, 2023. Bill S 3437's most recent activity was Read twice and referred to the Committee on Finance. as of December 7, 2023

Bipartisan Support of Bill S 3437

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Policy Area and Potential Impact of Bill S 3437

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Alternate Title(s) of Bill S 3437

Addressing SILO Act of 2023Addressing SILO Act of 2023Addressing Social Isolation and Loneliness in Older Adults Act of 2023A bill to amend the Social Security Act to authorize grants and training to support area agencies on aging and other community-based organizations in addressing social isolation among older individuals and adults with disabilities.

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