S. 1996 · 114th Congress
Commonsense Reporting Act of 2015
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WarnerSponsor7 cosponsors · 5 D, 2 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Patient Protection and Affordable Care Act (PPACA) and the Internal Revenue Code to modify the requirements for employers to report health insurance coverage information to the Internal Revenue Service (IRS) by the end of the tax year.
What it does: CRS summary · Introduced in Senate · Aug 5, 2015
Commonsense Reporting Act of 2015
This bill amends the Patient Protection and Affordable Care Act (PPACA) and the Internal Revenue Code to modify the requirements for employers to report health insurance coverage information to the Internal Revenue Service (IRS) by the end of the tax year.
The bill changes the information that is required and permits employers to voluntarily report the information prior to the beginning of open enrollment.
The Department of the Treasury must develop a prospective reporting system to permit:
- employers to voluntarily report specified health insurance coverage information before the annual open enrollment period;
- the exchanges, the Federal Marketplace Data Services Hub, and the IRS to access the information to provide the Department of Health and Human Services with information related to eligibility for advance payment of premium tax credits and cost-sharing subsidies;
- the exchanges to communicate with employers and employees regarding eligibility for the tax credits or cost-sharing subsidies; and
- employers to provide updates to the Federal Marketplace Data Services Hub regarding changes in coverage for employees.
At the time of enrollment, exchanges must provide employers the names of employees and dependents that enroll in a qualified health plan for a year.
If a health insurance issuer or employer is unable to obtain the Taxpayer Identification Number of a dependent, Treasury may permit the individual's full name and date of birth to be used instead.
Employers participating in the reporting system established by this bill are exempt from the requirement to report health insurance coverage information to the IRS by the end of the tax year.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Commonsense Reporting Act of 2015
Latest action (May 18, 2016): Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 114-675.
Policy area: Health · Origin: Senate · Introduced: Aug 5, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.