3.0.0 1908 2023-01-11T13:38:18Z 2023-01-11T13:38:18Z Senate S 2017-10-03 115 ssfi00 Finance Committee Senate Standing Referred to 2017-10-03T16:16:37Z Commonsense Reporting Act of 2017 115 3919 HR 2017-10-06 Referred to the Subcommittee on Health. Identical bill CRS 2017-10-03 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-10-03 Introduced in Senate IntroReferral 10000 9 Library of Congress W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. N P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2017-10-03 True Health Administrative law and regulatory procedures Congressional oversight Department of the Treasury Employee benefits and pensions Government Operations and Politics Government information and archives Government studies and investigations Health care costs and insurance Health care coverage and access Income tax credits Personnel records Right of privacy Tax administration and collection, taxpayers Health 00 2017-10-03 Introduced in Senate 2017-10-13T18:36:47Z Commonsense Reporting Act of 2017

This bill amends the Patient Protection and Affordable Care Act 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 carry out their missions and 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 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.

]]> Commonsense Reporting Act of 2017 Display Title Commonsense Reporting Act of 2017 Short Titles as Introduced Commonsense Reporting Act of 2017 Official Title as Introduced A bill to streamline the employer reporting process and strengthen the eligibility verification process for the premium assistance tax credit and cost-sharing subsidy. Introduced in Senate 2017-10-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1908is/xml/BILLS-115s1908is.xml 2017-10-03 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.