Small Business Paperwork Mandate Elimination Act
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Small Business Paperwork Mandate Elimination Act - Amends the Internal Revenue Code to repeal a provision (added by the Patient Protection and Affordable Care Act) that extends to corporations that are not tax-exempt the requirement to report payments of $600 or more.
Rescinds $39 billion of appropriated but unobligated discretionary funds. Exempts unobligated funds of the Department of Defense (DOD) or the Department of Veterans Affairs (VA). Requires the Director of the Office of Management and Budget (OMB) to determine and identify from which appropriation accounts such rescissions shall apply and report to the Secretary of the Treasury and Congress on such rescissions.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 18: Small Business Paperwork Mandate Elimination Act. 112th Congress. Open America. https://openamerica.io/bill/112-S-18/
"S. 18: Small Business Paperwork Mandate Elimination Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-18/.
S. 18, 112th Cong. (2026), https://openamerica.io/bill/112-S-18/.
[S. 18: Small Business Paperwork Mandate Elimination Act](https://openamerica.io/bill/112-S-18/)