A state that expands later comes under the lower cap
What the document says“the limitation described in such paragraph shall apply to such State with respect to a payment described in section 438.6(c)(2)(iii) of title 42, Code of Federal Regulations (or a successor regulation) for a service furnished during a rating period beginning on or after the date of enactment of this Act.”
The section provides that a State which starts giving the expansion coverage on or after enactment comes under the lower cap for a payment for a service in a rating period beginning on or after enactment.
What the document actually says“the limitation described in such paragraph shall apply to such State with respect to a payment described in section 438.6(c)(2)(iii) of title 42, Code of Federal Regulations (or a successor regulation) for a service furnished during a rating period beginning on or after the date of enactment of this Act.”
The lower cap applies to that state as well. It covers payments for care in a rating period from this law on.
So a state cannot escape it by expanding late. The cap follows the coverage. It bites from the same date.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.