Courtney Introduces Legislation to Repeal 1099 Reporting Requirement

Press Release

Congressman Joe Courtney today introduced legislation to repeal the 1099 reporting requirement established by the Affordable Care Act (ACA). Without repeal, this burdensome requirement would begin impacting small businesses in 2012. Courtney's legislation mirrors an amendment by Sen. Debbie Stabenow, which the Senate passed last week, 81-17. The measure repeals Sec. 9006 of the ACA, and, unlike other legislation to repeal the requirement, is fully paid for with a rescission of unspent discretionary funds.

"The 1099 requirement is deeply concerning to small businesses across eastern Connecticut and around the country," said Courtney. "Fortunately, we have an opportunity to remove the provision -- which was included in the Senate version of the health care reform legislation -- before it ever goes into effect. There is broad bipartisan consensus for repeal, but it is imperative that we find appropriate offsets and do so in a fiscally-responsible way. This approach to fixing the 1099 problem has already passed the Senate in a broad bipartisan vote, and I hope that it can receive the same support and quick action in the House."

The legislation calls on the Director of the Office of Management and Budget to submit a report to the Secretary of the Treasury and to Congress outlining unobligated appropriations funds that are available for rescission. Rescission would not affect unobligated funds of the Department of Defense, the Department of Veterans Affairs, or the Social Security Administration.

Courtney's bill has already earned an endorsement from the national small business advocacy group Small Business Majority (letter attached), and, in just two days, the support of 24 co-sponsors.

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