[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 359 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                 S. 359

 To amend title I of the Patient Protection and Affordable Care Act to 
    impose restrictions on the risk corridor program, and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            February 4, 2015

Mr. Cassidy (for himself and Mr. Rubio) introduced the following bill; 
     which was read twice and referred to the Committee on Health, 
                     Education, Labor, and Pensions

_______________________________________________________________________

                                 A BILL


 
 To amend title I of the Patient Protection and Affordable Care Act to 
    impose restrictions on the risk corridor program, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Taxpayer Bailout Protection Act''.

SEC. 2. RESTRICTIONS ON PPACA RISK CORRIDOR PROGRAM.

    Section 1342(b) of the Patient Protection and Affordable Care Act 
(42 U.S.C. 18062(b)) is amended--
            (1) in paragraph (1), by striking ``The Secretary'' and 
        inserting ``Subject to paragraph (3), the Secretary''; and
            (2) by adding at the end the following new paragraph:
            ``(3) Safeguard to protect taxpayers.--
                    ``(A) In general.--The Secretary shall ensure that 
                the amount of payments to plans under paragraph (1) for 
                a plan year beginning during calendar year 2014, 2015, 
                or 2016 does not exceed the amount of payments to the 
                Secretary under paragraph (2) for such plan year.
                    ``(B) Adjustment to protect taxpayers.--The 
                Secretary shall proportionately decrease the amount of 
                payments to plans under paragraph (1) in order to 
                ensure that the requirement of subparagraph (A) is 
                satisfied each year.''.
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