To repeal the expansion of information reporting requirements for payments of $600 or more to corporations, and for other purposes.

SA 9. Ms. STABENOW (for herself, Mr. Brown of Ohio, Mr. Cardin, Mrs.
McCaskill, Ms. Cantwell, Ms. Klobuchar, Mr. Menendez, Mr. Tester, Mr.
Udall of Colorado, and Mr. Webb) proposed an amendment to the bill S.
223, to modernize the air traffic control system, improve the safety,
reliability, and availability of transportation by air in the United
States, provide modernization of the air traffic control system,
reauthorize the Federal Aviation Administration, and for other
purposes; as follows:

On page 335, after line 20, insert the following:

TITLE XI--REPEAL OF EXPANSION OF INFORMATION REPORTING REQUIREMENTS

SEC. 1101. REPEAL OF EXPANSION OF INFORMATION REPORTING
REQUIREMENTS.

(a) In General.--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hereby repealed; and the Internal Revenue Code of 1986 shall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 section, and amendments, had never been
enacted.
(b) Rescission of Unspent Federal Funds to Offset Loss in
Revenues.--
(1) In general.--Notwithstanding any other provision of
law, of all available unobligated funds, $44,000,000,000 in
appropriated discretionary funds are hereby rescinded.
(2) Implementation.--The Director of the Office of
Management and Budget shall determine and identify from which
appropriation accounts the rescission under paragraph (1)
shall apply and the amount of such rescission that shall
apply to each such account. Not later than 60 days after the
date of the enactment of this Act, the Director of the Office
of Management and Budget shall submit a report to the
Secretary of the Treasury and Congress of the accounts and
amounts determined and identified for rescission under the
preceding sentence.
(3) Exception.--This subsection shall not apply to the
unobligated funds of the Department of Defense, the
Department of Veterans Affairs, or the Social Security
Administration.
______