Bill Sponsor
Senate Bill 3673
117th Congress(2021-2022)
Commonsense Reporting Act of 2022
Introduced
Introduced
Introduced in Senate on Feb 17, 2022
Overview
Text
Introduced
Feb 17, 2022
Latest Action
Feb 17, 2022
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3673
Congress
117
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Democrat
Virginia
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Commonsense Reporting Act of 2022

This bill addresses the eligibility verification process for the premium assistance tax credit and cost-sharing subsidy under the Patient Protection and Affordable Care Act (PPACA). It requires the Department of the Treasury to develop and implement a reporting system that allows employers to voluntarily report information about their health plans for the current plan year prior to the beginning of open enrollment. The bill also allows electronic transmission of employee and enrollee statements and permits Treasury to accept full names and dates of birth in lieu of dependents' and spouses' Social Security account numbers.

The bill also allows certain large employers who do not offer their employees minimum health care coverage 90 days to appeal an assessment for not providing such coverage.

The Government Accountability Office must evaluate (1) for the period beginning on January 1, 2015, and ending on December 31, 2020, the notification of employers by PPACA exchanges of the eligibility of employees for advance payments of the premium assistance tax credit or cost-sharing subsidies; and (2) for calendar year 2023, the functionality of the prospective reporting system established by this bill, including the accuracy of information collected.

Text (1)
February 17, 2022
Actions (2)
02/17/2022
Read twice and referred to the Committee on Finance.
02/17/2022
Introduced in Senate
Public Record
Record Updated
Dec 29, 2022 9:33:30 PM