Today, Congressman Mike Michaud announced that he and a bipartisan group of his colleagues have introduced H.R. 4, a bill that will repeal a provision of the new health care law that would require businesses to submit a 1099 form for services or purchases they make over $600. Michaud, who introduced a similar bill in the House last year, praised the bill's introduction and announced that House leadership has indicated that it could be voted on as early as next week.
"A lot of political hay has been made over the repeal of the new health care law," said Michaud. "But this bill represents the beginning of a more realistic and bipartisan way forward. This approach will improve the new law and make it more workable by ensuring that our small businesses are not overly burdened by unnecessary reporting requirements. This is especially important given the tough economic times we are experiencing. Small businesses are our nation's job creators, and passing this bill would be an important step forward for our economy. I am hopeful that once the House passes this bill that the Senate takes it up as soon as they return."
Last fall, Michaud took the lead during the lame duck session to push for action on the repeal of the new 1099 requirement before Congress adjourned for the year. Unfortunately, no bill was passed into law. The bill that the House is expected to take up next week repeals Section 9006 of the Patient Protection and Affordable Care Act, reversing the expanded 1099 expense reporting requirement, which is scheduled to take effect next year.