Washington Watch - April 9, 2014

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Washington Watch - April 9, 2014

Contreras-Sweet Sworn-In as SBA Administrator

On Monday, April 7, 2014, Vice-President Biden formally sworn-in Maria Contreras-Sweet following her confirmation by the United States Senate on March 27, 2014. Of immediate importance is working to restore nearly $50 million of funding that House Republicans are recommending to be cut from the Small Business Administration’s FY2015 budget.

The NASE along with a diverse, bi-partisan group of small business associations and advocacy groups strongly support the nomination of Contreras-Sweet, read our letter of support and learn more about the new SBA Administrator.

NASE Pushes for Review of Health Care Reform Change to Health Reimbursement Arrangements (HRAs)

On September 13, 2013, the Departments of Treasury, Health and Human Services, and Labor, released Technical Release No. 2013-03, ”Application of Market Reform and other Provisions of the Affordable Care Act to HRAs, Health FSAs, and Certain other Employer Healthcare Arrangements.”

The guidance stipulates that an employer that offers an HRA to two or more employees, but does not offer a group health care plan, is not compliant with annual limit regulations and the business would be subject to penalty. However, a single employee business can still offer an HRA plan and would not run afoul of compliance issues under the ACA.

The NASE does not believe that an HRA should be viewed under any circumstance as a qualified group plan and we do not disagree with the following assessment within the technical guidance, “HRA 105 Plans, by definition, will not meet the requirements of an ACA compliant health insurance plan.

Read our Fact Sheet and learn more about how this change could impact you and your business!

House Small Business Committee Holds Hearing on Tax Hurdles Faced by Small Business

On Wednesday, April 9, 2014, at 1:00 P.M., the Committee on Small Business will hold a hearing titled, The Biggest Tax Problems for Small Businesses. The hearing will be held in Room 2360 of the Rayburn House Office Building. The hearing will be webstreamed live and you can watch it HERE.

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