The Senate Public Health, Welfare and Labor Committee voted to concur with House amendments to Senate Bill 306 after a presentation explaining the changes and implementation considerations.
Senator Jonathan Dismang told the committee the bill had been "substantially altered" in the House and that the House version will keep current program provisions in place while allowing a participant to save for up to one year without being removed from the program. "This will all require waivers from the feds," Dismang said, cautioning that federal approval will be needed for the change to take effect.
The committee moved and seconded a motion to concur with the House amendments; the chair called for the ayes, and the motion carried by voice vote. The transcript does not include roll-call numbers or an implementation timeline. No additional debate or public comment on the bill appears in the provided excerpt.
The transcript does not specify fiscal impacts, the precise program affected by the savings rule, or the timing of any federal waiver requests.