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![handle is hein.congrecreports/crptxafkw0001 and id is 1 raw text is: AUTHENTICATED
U.GOVERNMENT
INFORMATION .
118TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 118-111
EMPLOYER REPORTING IMPROVEMENT ACT
JUNE 13, 2023.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. SMITH of Missouri, from the Committee on Ways and Means,
submitted the following
R E P O R T
[To accompany H.R. 3801]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 3801) to amend the Internal Revenue Code of 1986 to
streamline and improve the employer reporting process relating to
health insurance coverage and to protect dependent privacy, having
considered the same, reports favorably thereon with an amendment
and recommends that the bill as amended do pass.
CONTENTS
Page
I. SUMMARY AND BACKGROUND ............................................................. 3
A. Purpose and Sum m ary ..................................................................... 3
B. Background and Need for Legislation ............................................. 3
C. Legislative History ........................................................................... 3
D. Legislative History ............................................................................ 3
II. EXPLANATION OF THE BILL..................................................... 4
A. TIN Reporting Flexibility (sec. 2 of the bill and sec. 6055 of
the Code) ......................................................................................... 4
B. Electronic Statements (sec. 3 of the bill and secs. 6055 and
6056 of the Code) ........................................................................... 5
C. Time For Response (sec. 4 of the bill and sec. 4980H of the
Code) ................................................................................................ 8
D. Statute of Limitations on Penalty Assessment (sec. 5 of the
bill and 6501 of the Code) .............................................................. 10
III. VOTE OF THE COM M ITTEE ...................................................................... 10
IV. BUDGET EFFECTS OF THE BILL ........................................................... 11
A. Committee Estimate of Budgetary Effects ...................................... 11
B. Statement Regarding New Budget Authority and Tax Expendi-
tures Budget Authority .................................................................. 11
C. Cost Estimate Prepared by the Congressional Budget Office ....... 11
V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF
THE HOUSE .............................................................................................. 11
A. Committee Oversight Findings and Recommendations ................. 11
B. Statement of General Performance Goals and Objectives ............. 11
C. Information Relating to Unfunded Mandates ................................ 11
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