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2010 Key Vote Summary: Iowa

Senate Votes

 

Bill Number

H.R. 4872
H.R. 4173

AARP Position

Yes
Yes

Sen. Grassley

No
No

Sen. Harkin

Yes Yes
<h3><span>H.R. 4173 - Financial Reform</span></h3>

Restoring American Financial Security Act of 2010

This bill, which was sponsored by Senator Chris Dodd, will put in place new financial rules that will protect consumers from hidden fees, abusive terms, and deceptive practices; and ensure consumers have clear, accurate information they need to shop for mortgages, loans, and other financial products.  This bill will hold stockbrokers and insurance agents, who give investment advice, accountable for acting in the best interest of thier customers and require them to disclose conflicts of interest that may bias that advice.  Also, this bill will establish a watchdog that can crack down on fraud and abuse; and give regulators new tools to combat investment scams targeted at seniors and stregthen laws that hold scam artists accountable.  AARP recommended a "yes" vote on H.R. 4173.

<h3><span>H.R. 4872 – Doughnut Hole Closure</span></h3>

Health Care and Education Affordability Reconciliation Act of 2010

The bill, which was sponsored by Representative John Spratt, will make improvements to the underlying health care reform legislation, the Patient Protection and Affordable Care Act (HR 3590), originally passed by the Senate.  The bill will improve the Medicare drug benefit by closing the coverage gap or “doughnut hole” that forces millions of seniors to pay thousands of dollars out of their own pockets for their prescriptions.  The bill will also further strengthen Medicare for today’s seniors and future generations by cracking down on waste, fraud and abuse and make health care more affordable for Americans age 50+ and their families. AARP recommended a “yes” vote on HR 4872.

 

House Votes

 

Bill Number

 H.R. 4872
H.R. 4173

AARP Position

Yes
Yes

Rep. Boswell

Yes
Yes

Rep. Braley

Yes Yes

Rep. Latham

No
No

Rep. Loebsack

Yes
Yes
Rep. S. King
No No
<h3><span>H.R. 4872 – Doughnut Hole Closure</span></h3>

Health Care and Education Affordability Reconciliation Act of 2010

The bill, which was sponsored by Representative John Spratt, will make improvements to the underlying health care reform legislation, the Patient Protection and Affordable Care Act (HR 3590), originally passed by the Senate.  The bill will improve the Medicare drug benefit by closing the coverage gap or “doughnut hole” that forces millions of seniors to pay thousands of dollars out of their own pockets for their prescriptions.  The bill will also further strengthen Medicare for today’s seniors and future generations by cracking down on waste, fraud and abuse and make health care more affordable for Americans age 50+ and their families. AARP recommended a “yes” vote on HR 4872.

 

<h3><span>H.R. 4173 - Financial Reform</span></h3>

Restoring American Financial Security Act of 2010

The bill, which was sponsored by Representative Barney Frank, will put in place new financial rules that will protect consumers from hidden fees, abusive terms, and deceptive practices; and ensure consumers have clear, accurate information they need to shop for mortgages, loans and other financial products.  This bill will hold stockbrokers, who give investment advice, and insurance agents accountable for acting in the best interest of their customers and require them to disclose conflicts of interest that may bias that advice.  Also, this bill will establish a watchdog that can crack down on fraud and abuse; and give regulators new tools to combat investment scams targeted at seniors and strengthen laws that hold scam artists accountable.  AARP recommended a “yes” vote on HR 4173.

 

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