Bill · S. 2625· Senate(119-S-2625)
Independent BROKERS TIME Act of 2025
- Introduced
- 7/31/2025
- Last activity
- 7/31/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Mike Rounds
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the "Independent BROKERS TIME Act of 2025," directs the Secretary of Health and Human Services to conduct several rulemaking proceedings. These proceedings aim to update the definition of a third-party marketing organization to better distinguish them from independent agents and brokers. The Act also seeks to establish oversight for call centers engaged in Medicare marketing scams through a monetary reward system. Additionally, it calls for a standardized registration process for independent agents and brokers to reduce regulatory burdens. Finally, the bill nullifies the 48-hour waiting period requirement for independent agents and brokers meeting with Medicare beneficiaries.
Yes· 3 of 7
Would people over 65 be better off under this?+5
The bill provides better protections against Medicare marketing scams through increased oversight and whistleblower rewards.
Would business owners be better off under this?+5
The bill aims to reduce the regulatory burden on independent agents and brokers.
Would retired people be better off under this?+5
The bill protects retirees from predatory call centers targeting their Medicare enrollment.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Oversight of Scams: The Secretary is directed to create a process providing a monetary reward for individuals who report call centers engaging in Medicare marketing scams (Section 2(b)).
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Reduced Regulatory Burden for Independent Professionals: The bill requires rulemaking to reduce the regulatory burdens currently facing independent agents and brokers regarding existing customers versus new business (Section 2(c)(3)).
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Improved Transparency in Registration: The Act seeks a standardized registration process that includes a transparent mechanism to distinguish independent agents and brokers from third-party marketing organizations (Section 2(c)(2)).
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Streamlined Enrollment Process: The bill nullifies the requirement for an extended waiting period, such as the 48-hour period, between a Scope of Appointment agreement and an agent meeting with a Medicare beneficiary (Section 3).
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Investigation of Fraudulent Practices: The Inspector General is required to conduct a review of potentially fraudulent or misleading marketing practices by predatory call centers and submit a report with recommendations (Section 4).
Potential Negative Impacts for People
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Potential for Misleading Marketing: While the bill seeks to regulate third-party marketing organizations, it notes that these include companies that generate the majority of their revenue by generating leads (Section 2(a)(1)(B)(i)).
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Regulatory Changes via Rulemaking: The Secretary will be conducting new rulemaking proceedings regarding how to distinguish between different types of agent and broker entities (Section 2(a)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5Good For Retirees+5Good For Seniors+5
- Economy And Finance
- Improves Small Business Support+5
- Governance And Ideology
- Improves Government Transparency+3
- Healthcare
- Increases Medicare Funding+1
- Social Issues And Justice
- Improves Social Security+1
- 7/31/2025
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
Catherine Cortez MastoDemocrat · Nevada