Federal
Federal
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LegislationBelow find legislation currently before Congress being monitored by PFMA. PFMA's position is provided in red where applicable.
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March 2, 2022
State of the Union: Biden vows to halt Russia, hit inflation March 6, 2022 How War in Ukraine Drives Up Inflation at U.S. Farms, Supermarkets, Retailers February 26, 2022 Inside the scramble to help low-income infants during formula recall PFMA quoted |
H.R. 603 - The Raise the Wage Act of 2021 would increase the federal minimum wage to $15 by 2025.
PFMA opposes an increase of the minimum wage to $15 an hour, but is open to discussions on a reasonable compromise figure. H.R. 841 - The Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act of 2021 would make hemp, cannabidiol derived from hemp, and any other ingredient derived from hemp lawful for use under the Federal Food, Drug, and Cosmetic Act as a dietary ingredient in a dietary supplement, and for other purposes. PFMA supports the classification of these products as dietary supplements. H.R. 842 - The Protecting the Right to Work Act of 2021 expands various labor protections related to employees' rights to organize and collectively bargain in the workplace. PFMA opposes this legislation and the economic disruption it would present the food industry as it nears the end of the COVID-19 crisis and a return to normalcy. H.R. 1381 / S. 480 - The Main Street Tax Certainty Act would make permanent the Section 199A 20% deduction for qualified business income for S-corporations. PFMA supports efforts to streamline and improve the business tax climate in the United States. H.R. 4028 - The Information and Communication Technology Strategy Act requires the Secretary of Commerce to develop a whole-of-government strategy with respect to the economic competitiveness of the information and communication technology supply chain. PFMA supports strengthening the infrastructure and technological framework underpinning the nation's supply chains. S. 537 - The Healthy Workplaces Tax Credit Act of 2021 would provide tax credits for businesses to help cover expenses related to customer and employee safety, store renovations and other costs associated with operating through the pandemic. PFMA supports efforts to help businesses cover the costs of adapting to the unique circumstances of the COVID-19 pandemic. S. 313 / H.R. 1319 - The Expanding SNAP Options Act of 2021 would provide funding for the creation of a universal online and app-based portal to make access to nutritious foods from the full variety of SNAP retailers possible and easy to navigate for consumers. PFMA supports the expansion of SNAP availability and accessibility. S. 742 - The Open and Responsive Government Act of 2021 would nullify the Supreme Court’s decision in the Food Marketing Institute v. Argus Leader case, which clarified what constitutes confidential business information. PFMA opposes this legislation which would effectively reverse a unanimous decision of the US Supreme Court regarding the standard for confidential business information. S.910 / H.R. 1996 - The SAFE Banking Act of 2021 would allow financial institutions to provide financial services to cannabis-related legitimate businesses and service providers for such businesses. S.1388 - The Prescription Pricing for the People Act of 2021 would require the Federal Trade Commission (FTC) to examine the effects of consolidation on pricing and other potentially anticompetitive behaviors within the PBM industry, and provide policy recommendations to Congress to improve competition while protecting consumers and pharmacies. PFMA supports this bill, which would assess and target anticompetitive behavior in the marketplace, and help control consumer costs. The Clarifying Law Around Insurance of Marijuana (CLAIM) Act of 2021 would enable access to insurance coverage for cannabis businesses. |
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