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Commercial Card News Brought to You by the NAPCP: Industry Regulation

President Obama expected to sign bill that repeals 1099 provisions in healthcare law

Wednesday, April 6, 2011   (1 Comments)

On Tuesday, April 5, 2011, the Senate passed the House bill (H.R. 4) that repeals the 1099 provisions in the 2010 healthcare law. The bill is now pending President Obama's signature; he is expected to sign it.

This will be a victory for businesses, which opposed the additional 1099 reporting requirements that would have taken effect in 2012.

For more background, refer to previous NAPCP news items:

  1. February 1 post: Support for repeal of 1099 provision in health care bill
  2. February 22 post: Senate passes legislation that would repeal 1099 provision from health care law
  3. March 15 post: House passes a bill to repeal 1099 provision from health care law

 

Comments...

Lynn Larson says...
Posted Friday, April 15, 2011
On 4/14/11, President Obama did, indeed, sign this.

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