Senate Halts Work on Form 1099 Repeal as Democrats Seek Agreement

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Senate Majority Leader Reid says he has postponed plans to bring a House-passed bill (H.R. 4) to repeal new Form 1099 rules to the Senate floor after Democrats are unable to reach agreement on the measure. The bill was expected to come to the floor as soon as yesterday, but Reid says the Senate will instead move to a small business innovation bill (S. 493) that was approved Wednesday by the Senate Small Business and Entrepreneurship Committee. A Democratic leadership aide says it is still possible that a repeal of the new Form 1099 rules could be added to the small business bill through the amendment process, just as it was added recently to an aviation reauthorization bill (S. 223).