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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.