Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. I rise in strong support of this legislation. I thank my colleague from Nebraska and my friend, Mr. Smith, for working with me on this important bill. This legislation before us today simplifies the ACA reporting process for employers and businesses across our country. The bill allows employers to submit required information electronically and improves privacy protections by eliminating the unnecessary requirement that employers collect dependents' Social Security numbers. In addition, the bill ensures that employers have a reasonable opportunity to respond to the IRS before being assessed penalties, while simultaneously ensuring the IRS has the time and tools it needs to assess penalties to bad actors. I share my colleagues' disappointment that prospective reporting provisions of the bill were removed. I understand the challenges facing the Treasury Department, and I look forward to working with my colleagues toward a resolution on that front. Mr. Speaker, I reserve the balance of my time.”