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U.S. Senator Mike Enzi, R-Wyo., Ranking Member on the Senate Health, Education, Labor and Pensions (HELP) Committee, today praised Senate action to eliminate burdensome IRS reporting requirements for small businesses.  The repeal passed today is identical to a bill sponsored by Senator Mike Johanns, R-Neb., and cosponsored by Senator Enzi, that would repeal the 1099 mandate approved as part of the new health care law, the Affordable Care Act.

“I am pleased to see that my colleagues in the majority have finally embraced the need to repeal this burdensome provision,” said Senator Enzi.  “I have long understood that the 1099 requirements kill jobs and hurt small businesses and I commend Senator Johanns for his leadership on this issue.” 

Business groups across the country have called on Congress to make the changes to the 1099 reporting requirements. 

“It is my hope that today’s vote to repeal onerous requirements from the health care law passed last year is the first of many,” Enzi said.  “This health care spending law is bad for Americans, bad for small businesses, and bad for our economy.”

A provision in the Affordable Care Act would force 40 million businesses to submit a separate 1099 form to the IRS for every business-to-business transaction that totals more than $600 in a year. The bill, H.R. 4, passed today rescinds that provision. The bill is now headed to the President’s desk for his signature.