The bill repeals the 2010 healthcare law's Independent Payment Advisory Board (IPAB), something many Democrats support because they fear the IPAB could recommend Medicare cuts without congressional input. But the bill also imposes medical tort reform, among other things limiting punitive damages in medical law suits nationwide.
The Senate returns at 9:30 a.m., and by 12:30 p.m. is expected to hold a series of votes that will likely result in passage of the House-passed Jumpstart Our Business Startups (JOBS) Act, and the House-passed Stop Trading On Congressional Knowledge (STOCK) Act.
The Senate also has scheduled a cloture motion to concur to the House version of the STOCK Act. Like the Senate version, the House bill clarifies that members of Congress cannot use non-public information to make stock trades, but it removes Senate language that would have required political intelligence advisers to register as lobbyists.
The Senate is also expected to approve three of President Obama's judicial nominees for New York, Utah and the District of Columbia.