Political Quotes

On the recordApril 5, 2011
I ask unanimous consent that the reading of the amendment be dispensed with. The ACTING PRESIDENT pro tempore. Without objection, it is so ordered. The amendment is as follows: (Purpose: To protect small businesses from health insurance premium increases or losses of health insurance coverage) On page 4, after line 3, insert the following: (c) Study of the Effects on Small Businesses of Increases in the Amounts of Health Care Credit Overpayments Required to Be Recaptured.-- (1) In general.--The Secretary of Health and Human Services shall conduct a study to determine if the amendments made by this section-- (A) will result in an increase in health insurance premiums within the Exchanges created by the Patient Protection and Affordable Care Act for employees or owners of small businesses; or (B) will result in an increase in the number of individuals who do not have health insurance coverage, a disproportionate share of which are employees and owners of small businesses. (2) Effect of increases.--If the Secretary determines under paragraph (1) that there will be an increase described in subparagraph (A) or (B), or both, then, notwithstanding subsection (b), the amendments made by this section shall not apply to taxable years ending after the date of such determination and the Internal Revenue Code of 1986 shall be applied and administered to such taxable years as if such amendments had never been enacted. The ACTING PRESIDENT pro tempore.…
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Bob Menendez
Democratic · New Jersey

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