A bill to amend title XI of the Social Security Act to prohibit health plans from imposing fees on health care providers for electronic funds transfers and health care payment and remittance advice transactions, and for other purposes.
3/21/2024, 3:09 PMSummary of Bill S 3805
Bill 118 s 3805, also known as the "Electronic Funds Transfer Fee Prohibition Act," aims to make changes to title XI of the Social Security Act in order to prevent health plans from charging fees to health care providers for electronic funds transfers and health care payment and remittance advice transactions. The bill seeks to promote efficiency and cost savings in the health care system by eliminating unnecessary fees that can be a burden on providers.If passed, this legislation would ensure that health plans are not able to impose fees on providers for electronic transactions, which are becoming increasingly common in the health care industry. By prohibiting these fees, the bill aims to encourage the use of electronic funds transfers and streamline the payment process for health care services.
Overall, the Electronic Funds Transfer Fee Prohibition Act is designed to protect health care providers from unnecessary financial burdens and promote the use of electronic transactions in the health care system. This bill is an important step towards improving efficiency and reducing costs in the delivery of health care services.
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Current Status of Bill S 3805
Bill S 3805 is currently in the status of Bill Introduced since February 27, 2024. Bill S 3805 was introduced during Congress 118 and was introduced to the Senate on February 27, 2024. Bill S 3805's most recent activity was Read twice and referred to the Committee on Finance. as of February 27, 2024Bipartisan Support of Bill S 3805
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
2Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3805
Primary Policy Focus
HealthAlternate Title(s) of Bill S 3805
A bill to amend title XI of the Social Security Act to prohibit health plans from imposing fees on health care providers for electronic funds transfers and health care payment and remittance advice transactions, and for other purposes.No Fees for EFTs ActNo Fees for EFTs ActA bill to amend title XI of the Social Security Act to prohibit health plans from imposing fees on health care providers for electronic funds transfers and health care payment and remittance advice transactions, and for other purposes.Comments
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Sponsors and Cosponsors of S 3805
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