HB 346 · 2023-2024 · Senate
Reorganization & Economic Development Act.
What It Actually Does
The bill creates a specific procedure for hospital service corporations (like Blue Cross Blue Shield) to reorganize by creating nonprofit holding companies, allowing them to move assets and subsidiaries out of regulated insurance entities.
This legislation establishes detailed rules for hospital service corporations to restructure themselves under nonprofit holding companies, permitting transfers of up to 25% of assets including cash, investments, and subsidiaries to these less-regulated entities. The bill includes specific provisions about executive compensation reporting, governance requirements, and exemptions from certain insurance conversion laws.
Why the name is misleading
The generic title 'Reorganization & Economic Development Act' completely obscures that this is highly specific legislation for hospital service corporations (insurance companies) and makes no mention of the healthcare/insurance industry focus, making it sound like broad economic policy.
Status
Signed into law
Votes
4/27/2023 12:38 PM · Reorganization & Economic Development Act. Second Reading · House
House Vote · Failed 86–26
✓ 86 votes, crossed 72-vote threshold
Party Breakdown
5/30/2023 4:35 PM · Reorganization and Economic Development Act. Second Reading · Senate
Senate Vote · Failed 41–5
✓ 41 votes, crossed 30-vote threshold
Party Breakdown
Roll Call
How They Voted
House · Reorganization & Economic Development Act. Second Reading · 4/27/2023 12:38 PM
| Name ↕ | Party ↑ | District ↕ | Vote ↕ |
|---|---|---|---|
| Adams | R | - | Yea |
| Arp | R | - | Yea |
| B. Jones | R | - | Yea |
| Balkcom | R | - | Yea |
| Bell | R | - | Yea |
| Biggs | R | - | Nay |
| Blackwell | R | - | Yea |
| Bradford | R | - | Yea |
| Brisson | R | - | Nay |
| Brody | R | - | Yea |
| Cairns | R | - | Yea |
| Carson Smith | R | - | Yea |
| Chesser | R | - | Yea |
| Clampitt | R | - | Nay |
| Cleveland | R | - | Nay |
| Cotham | R | - | Yea |
| Crutchfield | R | - | Yea |
| D. Hall | R | - | Yea |
| Davis | R | - | Yea |
| Dixon | R | - | Excused Absence |
| Elmore | R | - | Yea |
| Faircloth | R | - | Yea |
| Fontenot | R | - | Yea |
| Gillespie | R | - | Yea |
| Goodwin | R | - | Yea |
| Greene | R | - | Yea |
| Hardister | R | - | Yea |
| Hastings | R | - | Yea |
| Howard | R | - | Nay |
| Humphrey | R | - | Yea |
| Iler | R | - | Yea |
| Johnson | R | - | Yea |
| K. Baker | R | - | Yea |
| K. Hall | R | - | Yea |
| Kidwell | R | - | Nay |
| Lambeth | R | - | Yea |
| Loftis | R | - | Nay |
| Lowery | R | - | Yea |
| McNeely | R | - | Yea |
| Miller | R | - | Yea |
| Mills | R | - | Yea |
| Moore (Speaker) | R | - | Yea |
| Moss | R | - | Excused Absence |
| N. Jackson | R | - | Yea |
| Paré | R | - | Yea |
| Penny | R | - | Yea |
| Pickett | R | - | Yea |
| Pike | R | - | Yea |
| Pless | R | - | Nay |
| Potts | R | - | Yea |
| Pyrtle | R | - | Yea |
| Reeder | R | - | Excused Absence |
| Riddell | R | - | Yea |
| Ross | R | - | Yea |
| Saine | R | - | Yea |
| Sasser | R | - | Yea |
| Sauls | R | - | Yea |
| Setzer | R | - | Yea |
| Shepard | R | - | Nay |
| Sossamon | R | - | Yea |
| Stevens | R | - | Yea |
| Strickland | R | - | Yea |
| Torbett | R | - | Yea |
| Tyson | R | - | Yea |
| Ward | R | - | Nay |
| Warren | R | - | Yea |
| Watford | R | - | Yea |
| Wheatley | R | - | Nay |
| White | R | - | Yea |
| Willis | R | - | Yea |
| Winslow | R | - | Yea |
| Zenger | R | - | Yea |
| A. Baker | D | - | Yea |
| A. Jones | D | - | Nay |
| Ager | D | - | Nay |
| Alexander | D | - | Excused Absence |
| Alston | D | - | Yea |
| Autry | D | - | Nay |
| Ball | D | - | Nay |
| Belk | D | - | Nay |
| Brockman | D | - | Excused Absence |
| Buansi | D | - | Nay |
| Budd | D | - | Yea |
| Butler | D | - | Nay |
| Carney | D | - | Yea |
| Cervania | D | - | Nay |
| Charles Smith | D | - | Yea |
| Clemmons | D | - | Yea |
| Crawford | D | - | Yea |
| Cunningham | D | - | Yea |
| Dahle | D | - | Yea |
| Everitt | D | - | Yea |
| F. Jackson | D | - | Yea |
| G. Brown | D | - | Yea |
| Gill | D | - | Yea |
| Harris | D | - | Yea |
| Harrison | D | - | Nay |
| Hawkins | D | - | Yea |
| Jeffers | D | - | Yea |
| John | D | - | Yea |
| K. Brown | D | - | Yea |
| Liu | D | - | Yea |
| Lofton | D | - | Excused Vote |
| Logan | D | - | Yea |
| Longest | D | - | Nay |
| Lucas | D | - | Excused Absence |
| Majeed | D | - | Yea |
| Morey | D | - | Nay |
| Pierce | D | - | Yea |
| Prather | D | - | Nay |
| Price | D | - | Nay |
| Quick | D | - | Yea |
| Reives | D | - | Yea |
| Roberson | D | - | Yea |
| Rudow | D | - | Nay |
| Staton-Williams | D | - | Not Voting |
| T. Brown | D | - | Yea |
| von Haefen | D | - | Nay |
| Willingham | D | - | Yea |
| Wray | D | - | Yea |
Highlighted rows indicate crossover votes.
Senate · Reorganization and Economic Development Act. Second Reading · 5/30/2023 4:35 PM
| Name ↕ | Party ↑ | District ↕ | Vote ↕ |
|---|---|---|---|
| Alexander | R | - | Yea |
| B. Newton | R | - | Yea |
| Barnes | R | - | Yea |
| Berger (Chair) | R | - | Yea |
| Britt | R | - | Excused Absence |
| Burgin | R | - | Excused Vote |
| Corbin | R | - | Excused Vote |
| Craven | R | - | Yea |
| Daniel | R | - | Yea |
| Ford | R | - | Yea |
| Galey | R | - | Yea |
| Hanig | R | - | Yea |
| Hise | R | - | Yea |
| Jackson | R | - | Yea |
| Jarvis | R | - | Yea |
| Johnson | R | - | Yea |
| Krawiec | R | - | Yea |
| Lazzara | R | - | Yea |
| Lee | R | - | Yea |
| McInnis | R | - | Yea |
| Moffitt | R | - | Yea |
| Overcash | R | - | Yea |
| P. Newton | R | - | Yea |
| Perry | R | - | Yea |
| Proctor | R | - | Yea |
| Rabon | R | - | Yea |
| Sanderson | R | - | Yea |
| Sawrey | R | - | Yea |
| Sawyer | R | - | Yea |
| Settle | R | - | Yea |
| Adcock | D | - | Yea |
| Applewhite | D | - | Yea |
| Batch | D | - | Yea |
| Blue | D | - | Yea |
| Bode | D | - | Yea |
| Chaudhuri | D | - | Excused Absence |
| Garrett | D | - | Yea |
| Grafstein | D | - | Nay |
| Hunt | D | - | Yea |
| Lowe | D | - | Yea |
| Marcus | D | - | Nay |
| Mayfield | D | - | Nay |
| Meyer | D | - | Nay |
| Mohammed | D | - | Nay |
| Murdock | D | - | Yea |
| Robinson | D | - | Yea |
| Salvador | D | - | Yea |
| Smith | D | - | Yea |
| Waddell | D | - | Yea |
| Woodard | D | - | Yea |
Highlighted rows indicate crossover votes.
Sources