Summary
On March 26, 2015, the House approved the Medicare Access and CHIP Reauthorization Act (H.R. 2). In addition to replacing the Medicare Sustainable Growth Rate (SGR) formula and extending funding for the Children’s Health Insurance Program (CHIP) and other health programs (see Issue Brief 15-07), the bill includes a reauthorization of the Secure Rural Schools (SRS) program for fiscal years (FY) 2014 and 2015. SRS provides assistance to states and counties affected by declining revenues from timber sales. The Senate is expected to consider the measure when it returns from its two-week recess
UPDATE (4/16/15): The president has signed this legislation.