S.Amdt. 4773

SA 4773. Ms. STABENOW (for herself, Mr. Begich, Mrs. Shaheen, and Mr.
Brown of Ohio) submitted an amendment intended to be proposed to
amendment SA 4753 proposed by Mr. Reid (for himself and Mr. McConnell)
to the bill H.R. 4853, to amend the Internal Revenue Code of 1986 to
extend the funding and expenditure authority of the Airport and Airway
Trust Fund, to amend title 49, United States Code, to extend
authorizations for the airport improvement program, and for other
purposes; which was ordered to lie on the table; as follows:

On page 72, after line 26, add the following:

[[Page S8873]]

TITLE _--REPEAL OF EXPANSION OF INFORMATION REPORTING REQUIREMENTS

SEC. _01. REPEAL OF EXPANSION OF INFORMATION REPORTING
REQUIREMENTS.

(a) Repeal of Payments for Property and Other Gross
Proceeds.--Subsection (b) of 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thereby, are hereby repealed; and the Internal Revenue Code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 subsection, and
amendments, had never been enacted.
(b) Repeal of Application to Corporations; Application of
Regulatory Authority.--
(1) In general.--Section 6041, as amended by section
9006(a) of the Patient Protection and Affordable Care Act and
section 2101 of the Small Business Jobs Act of 2010, is
amended by striking subsections (i) and (j) and inserting the
following new subsection:
``(i) Regulations.--The Secretary may prescribe such
regulations and other guidance as may be appropriate or
necessary to carry out the purposes of this section,
including rules to prevent duplicative reporting of
transactions.''.
(2) Effective date.--The amendments made by this subsection
shall apply to payments made after December 31, 2010.
______