Senators Rob Portman (R-OH) and Mark Warner (D-VA) have introduced legislation to streamline employer reporting requirements under the ACA. The bill establishes a voluntary prospective reporting system, users of which would not have to file Form 1094-C (offers of affordable coverage) with the IRS. Additionally, participants in the voluntary system would have to file Form 1095-C (statements to employees) only for employees who have purchased coverage through an exchange.
Companion legislation has been introduced in the House by Representatives Diane Black (R-TN) and Mike Thompson (D-CA), but text of the House bill is not yet available. The Portman-Warner bill is very similar to legislation introduced in the Senate last Congress, which The Council supported.
A memo describing the major features of the bill can be found here.