118 S3805 IS: No Fees for EFTs Act U.S. Senate 2024-02-27 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II118th CONGRESS2d SessionS. 3805IN THE SENATE OF THE UNITED STATESFebruary 27, 2024Mr. Cassidy (for himself and Ms. Cantwell) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo 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.

1.

Short title

This Act may be cited as the No Fees for EFTs Act.

2.

Prohibiting health plans from imposing fees on health care providers for electronic funds transfers and health care payment and remittance advice transactions

Section 1173(g)(4)(B)(ii) of the Social Security Act (42 U.S.C. 1320d–2(g)(4)(B)(ii)) is amended—(1)in subclause (I), by striking at the end and;(2)in subclause (II), by striking at the end the period and inserting ; and; and(3)by adding at the end the following new subclause:(III)prohibit the imposition of any charge, fee, or other payment (including through a withhold from payment) by a health plan or entity completing the transaction on the plan’s behalf, on a health care provider for electronic fund transfers and health care payment and remittance advice transactions made on or after January 1, 2025..