February 9, 2011
Buried in Paperwork: A 1099 Update
On Wednesday, February 9, 2011 at 1:00 pm, the House Small Business Committee held its first full committee hearing entitled, Buried in Paperwork: A 1099 Update.
During the hearing, the Committee examined the expanded 1099 information reporting requirements in Section 9006 of the Patient Protection and Affordable Care Act. The Committee heard testimony from small business owners about the mandate's administrative burdens and its potential negative impact on job creation, growth and business investment. The Committee also heard testimony from Representative Daniel E. Lungren (R-CA), the sponsor of legislation to repeal Section 9006 of the Act.
Chairman Sam Graves (R-MO)
Witnesses and Testimony:
The Honorable Daniel E. Lungren (R-CA), sponsor of the Small Business Paperwork Mandate Elimination Act (H.R. 4)
R. Jerol Kivett, President of Kivett’s Inc
John “Mark” Eagleton, Managing Member of Eagleton Ventures, LLC
Seth Shipley, Owner of Shipley’s Fine Jewelry
Mike Kegley, President of B.O.L.D. Homes, Inc.
Submitted for the Record: