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Senate Amends Bill to Repeal Health Reform’s Business Reporting Requirement, Rejects Full Repeal

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From SAMHSA's Weekly Financing News Pulse: National Edition - February 4, 2011: On February 2, the U.S. Senate considered two amendments to U.S. Federal Aviation AdministrationS. 223) that would affect the national health care reform law.  The Senate approved Sen. Debbie Stabenow’s (D-MI) amendment (S. Amdt. 9) that would repeal health reform’s requirement that businesses provide the Internal Revenue Service (IRS) with documentation of goods purchases totaling over $600.  To offset the revenue reduction, the amendment requires $44 billion in spending reductions from appropriated but unspent funds.  The Senate rejected a similar amendment (S. Amdt. 28) that would have repealed the reporting requirement but paid for it through new taxes on oil companies. Additionally, the Senate rejected Sen. Mitch McConnell’s (R-KY) amendment (S. Amdt. 13) that would repeal the entire Patient Protection and Affordable Care Act and all health care related provisions in the Health Care and Education Reconciliation Act of 2010.  The FAA reauthorization bill is still under consideration in the Senate. (FAA) reauthorization legislation (

View the February 4 Financing News Pulse: National Edition here (PDF | 238.76 KB)

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