Commonsense Reporting Act of 2015

Summary

Commonsense Reporting Act of 2015 This bill amends the Patient Protection and Affordable Care Act (PPACA) and the Internal Revenue Code to modify the requirements for employers to report health insurance coverage information to the Internal Revenue Service (IRS) by the end of the tax year. The bill changes the information that is required and permits employers to voluntarily report the information prior to the beginning of open enrollment. The Department of the Treasury must develop a prospective reporting system to permit: employers to voluntarily report specified health insurance coverage information before the annual open enrollment period; the exchanges, the Federal Marketplace Data Services Hub, and the IRS to access the information to provide the Department of Health and Human Services with information related to eligibility for advance payment of premium tax credits and cost-sharing subsidies; the exchanges to communicate with employers and employees regarding eligibility for the tax credits or cost-sharing subsidies; and employers to provide updates to the Federal Marketplace Data Services Hub regarding changes in coverage for employees. At the time of enrollment, exchanges must provide employers the names of employees and dependents that enroll in a qualified health plan for a year. If a health insurance issuer or employer is unable to obtain the Taxpayer Identification Number of a dependent, Treasury may permit the individual's full name and date of birth to be used instead. Employers participating in the reporting system established by this bill are exempt from the requirement to report health insurance coverage information to the IRS by the end of the tax year.

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Timeline

1. 5 August 2015

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 5 August 2015

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

3. 18 May 2016

   Committee

   Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 114-675.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 5 August 2015 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 5 August 2015

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 5 August 2015

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 5 August 2015

  Open at official source

Sponsors

• Mark Warner · D · Sponsor
• Sen. Portman, Rob [R-OH] · R · Sponsor
• Sen. Heitkamp, Heidi [D-ND] · D · Cosponsor
• Timothy Kaine · D · Cosponsor
• Jeanne Shaheen · D · Cosponsor
• Christopher Coons · D · Cosponsor
• Michael Bennet · D · Cosponsor
• Sen. Kirk, Mark Steven [R-IL] · R · Cosponsor
• · sssb00 · Standing
• · ssfi00 · Standing

Related records

• related to → Commonsense Reporting and Verification Act of 2015
• related to → Commonsense Reporting Act of 2017