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H. Rept. 118-549,Part 1 1 (2024-06-11)

handle is hein.congrecreports/crptxaghj0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GPO 118TH CONGRESS REPT. 118-549 2d Session HOUSE OF REPRESENTATIVES Part 1 REAL-TIME BENEFIT TOOL IMPLEMENTATION ACT JUNE 11, 2024.-Ordered to be printed Mr. SMITH of Missouri, from the Committee on Ways and Means, submitted the following REPORT [To accompany H.R. 7512] The Committee on Ways and Means, to whom was referred the bill (H.R. 7512) to amend title XVIII of the Social Security Act to ensure implementation of real-time benefit tools under part D of the Medicare program, having considered the same, reports favor- ably thereon with an amendment and recommends that the bill as amended do pass. CONTENTS Page I. SUMMARY AND BACKGROUND ............................................................... 2 A. Purpose and Sum m ary ..................................................................... 2 B. Background and Need for Legislation .................... 2 C. Legislative H istory ........................................................................... . 2 B ackground ......................................................................................... 2 Com m ittee H earings .......................................................................... 2 Com m ittee A ction .............................................................................. . 2 D . Designated H earing .......................................................................... 2 II. EXPLANATION OF THE BILL .................................................................. 3 A . Reasons for Change .......................................................................... 3 B. Explanation of Provisions ................................................................. 3 C . E ffective D ate ................................................................................... . 3 III. VOTES OF THE COM M ITTEE ................................................................... 3 IV. BUDGET EFFECTS OF THE BILL ............................................................ 4 A. Committee Estimate of Budgetary Effects .................. 4 B. Statement Regarding New Budget Authority and Tax Expendi- tures Budget Authority .................................................................. 4 V. COST ESTIMATE PREPARED BY THE CONGRESSIONAL BUDGET O F F IC E ...................................................................................................... 4 VI. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF TH E H O U SE ............................................................................................. 4 A. Committee Oversight Findings and Recommendations ................. 4 B. Statement of General Performance Goals and Objectives ............. 4 C. Information Relating to Unfunded Mandates ................ 4 D. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff B enefits ................................................................................. 5 E. Duplication of Federal Program s ..................................................... 5 VII. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED 5 49-006