CNN reports that the Senate today passed legislation known as the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 (that’s a mouth-full) to reform the burdensome changes implemented in the Small Business Jobs Act of 2010 (aka SBJA) and the 2010 Patient Protection and Affordable Care Act.
The law now finds its way to the President’s desk. Hopefully he will see fit to sign the bill into law.