H.R. 4, The Small Business Paperwork Mandate Elimination Act of 2011, sponsored and introduced by Rep. Daniel E. Lungren (R-CA), would repeal the expansion of information reporting requirement for payment of $600 or more to corporations.
The requirement, located in the The Patient Protection and Affordable Healthcare Act, would effectively repeal Section 9006, and allow the Internal Revenue code of 1986 to be applied as if Section 9006 were never applied.
The bill would be a welcome relief to small business owners who would not have to worry about additional forms and files for their businesses.
H.R. 4 was introduced with 263 co-sponsers, and was referred to the House Committee on Ways and Means.
H. R. 269, the Leadership PAC Limitation Act, introduced by Rep. Micheal E. Capuano (D-MA), would amend the Federal Election Campaign Act of 1971 (2 U.S.C 439) to prohibit the conversion of leadership PAC funds, or Political Action Committees, to personal use.
The bill was referred to the Committee on House Administration, and is pending further action.
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