Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Regulation and Compliance > Federal Regulation > IRS

Funding bill hits IRS PPACA implementation

X
Your article was successfully shared with the contacts you provided.

House Republicans are trying to draw attention to the role of the Internal Revenue Service (IRS) in implementing the Patient Protection and Affordable Care Act (PPACA). Members of the House Appropriations Committee today voted 28-21 to approve the fiscal year 2015 Financial Services and General Government Appropriations bill.

The federal government’s fiscal year 2015 starts Oct. 1.

See also: Lawmaker: Sebelius should justify PPACA changes

The bill, which does not yet have a bill number, would provide funding for the U.S. Treasury Department, the Judiciary, the U.S. Securities and Exchange Commission (SEC), and several other agencies. In the bill, one section would forbid the White House from using any funding from the bill to pay the salary or expenses for “director, White House Office of Health Reform, or any substantially similar position.”

In another section, drafters forbid the IRS — an arm of the Treasury Department — from using any appropriations act funds to “pay the salaries or expenses of any individual to carry out any transfer of funds to the Internal Revenue Service” under PPACA or a sister law, the Health Care and Education Reconciliation Act.

Another section forbids the IRS from using money from the act to implement the PPACA individual coverage or employer coverage mandates. In a report on the bill, the committee says it’s concerned about the role of the IRS in PPACA implementation.

The committee has accused the IRS of breaking the law by using the laws governing tax-exempt status to harass political opponents. ”At a time when the IRS has demonstrated little ability to either self-police or self-correct, the IRS has even more authority over Americans’ health coverage,” the committee says in an explanation of the provision prohibiting the IRS from using bill funding to implement PPACA.

See also: House wants weekly exchange reports

Still another section would require the Treasury to report monthly on a much-discussed question: The number of people who have selected PPACA private exchange plan coverage but have not yet paid any premiums.

See also: Lawmaker seeks exchange plan cancellation data


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.