Bill > HR5318

This bill, the Commonsense Reporting Act of 2021, aims to streamline the employer reporting process and strengthen the eligibility verification process for the premium assistance tax credit and cost-sharing subsidy under the Affordable Care Act. The key provisions include establishing a voluntary prospective reporting system for employers to provide certain information to the government, allowing the use of an individual's full name and date of birth instead of their taxpayer identification number in certain cases, enabling electronic delivery of healthcare coverage statements, providing employers with more time to appeal assessable payments, and limiting the statute of limitations for penalty assessments. The bill also requires studies by the Government Accountability Office on the employer notification and appeals process, as well as the functionality of the new prospective reporting system.

Budget and Finance, Health and Social Services

https://www.congress.gov/bill/117th-congress/house-bill/5318/all-info