Latest Senate ACA Repeal Effort Falls Short

September 27, 2017 Gerry Nelligan

The Senate announced that the Graham-Cassidy bill to repeal the Affordable Care Act would not be brought forward to a vote. The bill was announced approximately two weeks ago and seemed to have some momentum. However, Senators McCain (R-AZ) and Paul (R-KY) quickly came out against the bill. On Monday, Senator Collins (R-ME) announced that she would vote no, leading to the bill's collapse.

Under the budget reconciliation process, the Senate could pass the bill with 50 votes, with Vice President Mike Pence casting a tie-breaking vote. As there are 52 Republicans in the Senate, the GOP could only afford to lose 2 votes. With Sen. Collins announcement, Republicans became officially 1 vote shy. The ability to pass a repeal of the ACA under the reconciliation process ends September 30. After that, any repeal effort would require a minimum of 60 votes. As it currently stands, the ACA is the law of the land.  All mandates and reporting requirements must continue to be met or penalties will be assessed.

About the Author

Gerry  Nelligan

www.sovos.com

More Content by Gerry Nelligan
Previous Article
IRS Notice Addresses Narrowing in Circumstances in Which a Foreign TIN is Required

The IRS released a notice detailing forthcoming changes to Chapter 3 of the Internal Revenue Code ("Code") ...

Next Article
Puerto Rico Extends Sales Tax Holiday for Prepared Food

As posted to the Twitter Feed for the Treasury Department of Puerto Rico (Hacienda), the sales tax exemptio...

×

Regulatory Analysis News - Delivered Weekly

Company
Thank you for subscribing!
Error - something went wrong!