Emergency Medical Services for Children Program Reauthorization Act of 2019
Summary
The Emergency Medical Services for Children Program Reauthorization Act of 2019 became law on August 22, 2019, reauthorizing a grant program through FY2024 at $22.334 million per year. This is a small, targeted authorization for a specific HRSA grant program with no direct impact on publicly traded healthcare companies.
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Key Takeaways
- 1.The bill reauthorizes a small HRSA grant program at $22.334 million/year through FY2024
- 2.No publicly traded companies are directly impacted by this legislation
- 3.The bill is already signed into law with no remaining legislative steps
Market Implications
No market implications. The $22.334 million annual authorization is immaterial to any publicly traded company. The program funds state-level emergency medical services infrastructure for children, not commercial products or services. No tickers are affected.
Full Analysis
The Emergency Medical Services for Children Program Reauthorization Act of 2019 (H.R. 776) was signed into law on August 22, 2019, as Public Law 116-49. The bill reauthorizes the Emergency Medical Services for Children Program, a grant program administered by the Health Resources and Services Administration (HRSA), through fiscal year 2024. The funding authorization is $22.334 million per year for fiscal years 2020 through 2024, totaling approximately $111.67 million over five years.
This is an authorization bill, not an appropriation bill. The actual funding depends on separate annual appropriations bills. The program focuses on improving emergency healthcare for seriously ill or injured children through grants to states, hospitals, and other entities.
The bill was sponsored by Rep. Peter King (R-NY-2) with 19 bipartisan cosponsors. It passed the House on July 24, 2019, and the Senate on July 31, 2019, before being signed by the President.
For publicly traded companies, the impact is negligible. The $22.334 million annual authorization is a rounding error compared to the revenues of major healthcare companies. For example, $HCA had FY2025 revenue of $65.0 billion, making this program less than 0.03% of their revenue. No specific public company is named in the bill or directly benefits from this grant program. The program funds state-level emergency medical services for children infrastructure, not commercial products or services.
The bill is fully enacted with no remaining legislative steps. The authorization expired at the end of FY2024, and any future reauthorization would require new legislation.
Connected Signals
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