I 112th CONGRESS 1st Session H. R. 584 IN THE HOUSE OF REPRESENTATIVES February 9, 2011 Mr. Courtney (for himself, Ms. Berkley, Mrs. Capps, Mr. Carney, Mr. Cohen, Ms. Edwards, Ms. Hanabusa, Mr. Heinrich, Mr. Hinojosa, Mr. Keating, Mr. Larsen of Washington, Mr. Larson of Connecticut, Ms. McCollum, Ms. Moore, Mr. Peters, Mr. Reyes, Ms. Linda T. Sánchez of California, Mr. Schiff, Ms. Schakowsky, Ms. Slaughter, Mr. Welch, Ms. DeLauro, Mr. Michaud, Ms. Sutton, Mr. Rothman of New Jersey, and Mr. Cuellar) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Appropriations, 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 repeal the information reporting requirements added by the Patient Protection and Affordable Care Act.

1.

Repeal of expansion of information reporting requirements

(a)

In general

Section 9006 of the Patient Protection and Affordable Care Act, and the amendments made thereby, are hereby repealed; and the Internal Revenue Code of 1986 shall be applied as if such section, and amendments, had never been enacted. (b)

Rescission of unspent Federal funds To offset loss in revenues

(1)

In general

Notwithstanding any other provision of law, of all available unobligated funds, $44,000,000,000 in appropriated discretionary funds are hereby rescinded. (2)

Implementation

The Director of the Office of Management and Budget shall determine and identify from which appropriation accounts the rescission under paragraph (1) shall apply and the amount of such rescission that shall apply to each such account. Not later than 60 days after the date of the enactment of this Act, the Director of the Office of Management and Budget shall submit a report to the Secretary of the Treasury and Congress of the accounts and amounts determined and identified for rescission under the preceding sentence. (3)

Exception

This subsection shall not apply to the unobligated funds of the Department of Defense, the Department of Veterans Affairs, or the Social Security Administration.