I 111th CONGRESS 2d Session H. R. 6213 IN THE HOUSE OF REPRESENTATIVES September 23, 2010 Mr. Michaud introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Appropriations and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To address the reporting requirement burden on small businesses, and for other purposes.

1.

Repeal of expansion of certain information reporting requirements to corporations and to payments for property

Section 9006 of the Patient Protection and Affordable Care Act is repealed. Each provision of law amended by such section is amended to read as such provision would read if such section had never been enacted.

2.

Rescission of unobligated stimulus funds

(a)

In general

Effective 30 days after the date of the enactment of this Act, of the unobligated balance of the discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009 (Public Law 111–5), there is rescinded the amount determined by the Director of the Office of Management and Budget to be required to offset the reduction in Federal revenues resulting from the repeal and amendments made under section 1. (b)

Application

The rescission made by subsection (a) shall be applied proportionately— (1)to each discretionary account; and (2)within each such account, to each program, project, and activity (with programs, projects, and activities as delineated in the appropriation Act or accompanying reports for the relevant fiscal year covering such account, or for accounts not included in an appropriation Act, as delineated in the most recently submitted President's budget). (c)

OMB report

Not later than 90 days after the date of the enactment of this Act, the Director of the Office of Management and Budget shall submit to the House of Representatives and the Senate a report specifying the reductions made to each account, program, project, and activity pursuant to this section.

3.

Paygo compliance

The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.