Before the Senate left for its Thanksgiving recess on Friday, an amendment was offered to the FDA Modernization Act by Senator Max Baucus (D-MT). This amendment would repeal Sec. 9006, the expanded information requirements, of the Patient Protection and Affordable Care Act.
Although the Joint Committee on Taxation has estimate Sec. 9006 will raise $17.6 billion in revenue over ten years, it has remained an unpopular part of the healthcare reform act because of the expected costs to businesses. Senator Baucus previously introduced the Small Business Paperwork Relief Act into the Senate that also would repeal Sec. 9006. Neither that bill nor the amendment he offered Friday include an offset for the cost of repealing Sec. 9006.
A separate amendment has been offered by Senator Mike Johanns (R-NE) that also repeals Sec. 9006 but does offset the cost with spending cuts. The Senate is expected to move forward on the FDA Modernization Act on November 29th, when they return from their Thanksgiving recess.
For more information, or for help with other tax or legal issues, contact Horowitz & Weinstein.