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PIA National Praises House Committee Vote to Repeal Expanded 1099 Reporting Requirement

WASHINGTON, February 17, 2011 - The National Association of Professional Insurance Agents (PIA) praised the House Ways and Means Committee for passing legislation...
February 17, 2011

WASHINGTON, February 17, 2011  - The National Association of Professional Insurance Agents (PIA) praised the House Ways and Means Committee for passing legislation today 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."

PIA conducted a nationwide public education and grassroots political action campaign among its members in support of the push to repeal the expanded 1099 reporting requirement. A broad coalition of groups has also advocated repeal, including the National Federation of Independent Business (NFIB).

Founded in 1931, PIA is a national trade association that represents member insurance agents and their employees who sell and service all kinds of insurance, but specialize in coverage of automobiles, homes and businesses. PIA members are Local Agents Serving Main Street America SM. PIA's web address is www.pianet.com.

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