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PIA National Praises House Committee Vote to Repeal Expanded 1099

PIA National praised the House Ways and Means Committee for passing legislation on February 17 to repeal a health care reform law requirement that employers...
February 22, 2011

PIA National praised the House Ways and Means Committee for passing legislation on February 17 to repeal a health care reform law requirement that employers furnish 1099 statements whenever they do more than $600 in business with a corporate vendor beginning next year.

"The House Ways and Means Committee took the correct action in voting to repeal this burden on America's small businesses," said PIA National Director of Federal Affairs Mike Becker. "This expansive requirement would have placed an overwhelming, onerous reporting and paperwork burden on small businesses, state and local governments and nonprofits. We urge the full House to approve repeal legislation expeditiously and the Senate to quickly follow suit."

The U.S. Senate has approved legislation that would repeal the health care reform law requirement as part of a broader bill that passed 87-8 on February 17.

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