NOTE: INVOKING CLOTURE REQUIRES A 3/5 MAJORITY OF THE SENATE. IT IS NOT A VOTE ON THE PASSAGE OF THE PIECE OF LEGISLATION, BUT LIMITS FURTHER DEBATE TO 30 HOURS. CLOTURE IS TYPICALLY USED TO END A FILIBUSTER. A FAILED CLOTURE VOTE OFTEN PREVENTS THE LEGISLATION FROM EVER COMING TO A VOTE.
Title: Repealing Business Transaction Reporting Requirements
Vote Smart's Synopsis:
Vote on a motion to invoke cloture on an amendment to S Amdt 4595 to S Amdt 4594 to HR 5297 that repeals the requirement for businesses to report purchases of $600 or more made in the course of trade or business to the Secretary of the Treasury, and reduces appropriations to the Prevention and Public Health Fund (reporting requirement and Prevention and Public Health Fund established by the Patient Protection and Affordable Care Act).
Reduces appropriations to the Prevention and Public Health Fund for the purpose of expanding and sustaining national investment in prevention and public health programs and restraining the growth of private and public sector health care costs as follows (Sec. 4273):
$500 million for fiscal year 2009-2010;
$750 million for fiscal year 2010-2011;
$1 billion for fiscal year 2011-2012;
$1.25 billion for fiscal year 2012-2013;
$1.5 billion for fiscal year 2013-2014; and
$2 billion for fiscal year 2014-2015 and each fiscal year thereafter; and
New law: $2 billion for fiscal year 2017-2018 and each fiscal year thereafter.
Reduces the required contribution threshold for the exemption from the individual health insurance mandate (26 USC 5000A(e)) from 8 percent to 5 percent of an individual's household income (Sec. 4272).