Industry News

On December 27, 2020, President Donald Trump signed the Consolidated Appropriations Act of 2021. The massive bill includes the authorization for government funding for the 2021 fiscal year as well as long-awaited relief and economic stimulus legislation related to the ongoing COVID-19 pandemic. Among other provisions, the $2.3 trillion omnibus appropriations and COVID-19 relief package also includes a large surprise medical billing package, a health transparency and patients’ rights package, and additional consumer protections. In addition, the legislation includes tax extenders, disaster tax relief and a few miscellaneous provisions affecting retirement plans.

Further information is available in the January 2021 issue of GRS Insight available here.