Efforts to Repeal Form 1099 Rules to Move to Senate Floor on Nov. 29

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The Senate is set to vote Nov. 29 on two versions of legislation that would fully repeal a new law requiring businesses to file Form 1099 information reports to the government whenever they spend more than $600 on a single vendor. The new Form 1099 requirements—created as a $17 billion revenue raiser for the Patient Protection and Affordable Care Act and expanded to include spending by landlords in the Small Business Jobs Act—have been broadly criticized by business groups and Republicans, who see them as an overly burdensome paperwork mandate. The legislation to repeal the provisions will come in the form of two amendments that Senate Majority Leader Reid and Minority Leader McConnell say they would bring to the floor as part of a unanimous consent agreement governing voting on the FDA Food Safety Modernization Act (S. 510).