The 1099 nightmare could be one step closer to being over today.
The Senate is scheduled to consider HR 4 today and hold two votes on that bill. HR 4 would repeal both the expanded 1099 reporting contained in the PPACA and the small business bills, with the offset coming from changes to the new Exchange subsidy reporting. The two votes will be to pass HR 4 as is, and on an amendment offered by Senator Menendez (D-NJ) to add a requirement that the Department of Health and Human Services (HHS) study the pay-for and ensure that it is not harming peoples’ ability to acquire affordable health insurance. This amendment is expected to fail, and HR 4 is expected to pass unaltered.
If HR 4 passes the Senate, it would go to the President for his signature. The White House issued a Statement of Administration Policy earlier this year expressing concern with HR 4’s pay-for, but did not issue a veto threat. The President is expected to sign HR 4 into law if it passes the Senate.