Vote Smart's Synopsis:

Vote to adopt an amendment to S Amdt 927 to HR 674 that repeals the Patient Protection and Affordable Care Act, requires Congress to pass a resolution to adopt a balanced budget amendment to the U.S. Constitution, establishes new individual and corporate income tax rates, repeals $39 billion in unspent discretionary funds, and limits the authority of certain government agencies to establish certain regulations.

Highlights:

• Repeals the Patient Protection and Affordable Care Act (Sec. 3101).

• Repeals the Dodd-Frank Wall Street Reform and Consumer Protection Act (Sec. 3301).

• Requires Congress to pass a resolution to add a "balanced budget" amendment to the U.S. Constitution, and that such resolution must be submitted to the states for ratification within 90 days of the date of this act (Sec. 1101).

• Requires the Senate Committee on Finance and the House Committee on Ways and Means to report legislation that establishes no more than 3 individual income tax rates, the highest of which is no more than 25 percent (Sec. 2101).

• Requires the Senate Committee on Finance and the House Committee on Ways and Means to report legislation that establishes no more than 2 corporate income tax rates, the highest of which is no more than 25 percent (Sec. 2101).

• Repeals $39 billion of all unspent appropriated discretionary funds, and requires the Director of the Office of Management and Budget to identify from which appropriation accounts the funds will be drawn (Sec. 2303).

• Exempts the Department of Defense and the Department of Veterans Affairs from the requirement to rescind $39 billion in appropriated discretionary funds (Sec. 2303).

• Prohibits any government agency from taking any significant regulatory action unless the average monthly unemployment rate, as determined by the Bureau of Labor Statistics, is equal to or less than 7.7 percent (Sec. 3503).

• Defines "significant regulatory action" as any regulatory action that is likely to result in a rule or guidance that may (Sec. 3502):
• Have an annual effect on the economy of $100 million or more or "adversely affect" certain entities including, but not limited to, the economy, productivity, competition, jobs, the environment, public health or safety, or State, local or tribal governments or communities;
• Create a "serious inconsistency" with an action taken or planned by another agency;
• Materially alter the budgetary impact of grants, user fees, or loan programs or the rights or obligations of recipients; or
• Raise novel legal or policy issues.

• Limits the commencement of health care lawsuits to no more than 3 years after the date of injury (Sec. 3204).

• Limits the amount of noneconomic damages that can be recovered from a health care provider in a health care lawsuit to $250,000 (Sec. 3204).

• Prohibits the National Labor Relations Board from requiring an employer to do any of the following (Sec. 3952):
• To restore or reinstate any work, product, production line, or equipment;
• To rescind any relocation, transfer, or outsourcing of work; or
• To make an initial or additional investment at a particular plant, facility, or location.

• Prohibits the regulation of greenhouse gas emissions to address climate change (Sec. 4502).

• Specifies that the definition of "air pollutant" does not include a greenhouse gas but may include a greenhouse gas for the purposes of addressing concerns other than climate change (Sec. 4502).

Full Bill Text

Full Bill Text