Sec. 3. Repeal of sections 1341 and 1342 of PPACA
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Section 1341 of PPACA ( 42 U.S.C. 18061 ) is repealed. The repeal of such section shall apply to plan years beginning after the date of the enactment of this Act. In applying such section before the effective date of such repeal— any reference in such section to the 3-year period beginning January 1, 2014 or to the 36-month period beginning January 1, 2014 is deemed a reference to the period beginning January 1, 2014, and ending on the date of the enactment of this Act; with respect to the amounts specified in clauses
(iii)and
(iv)of subsection (b)(3)(B) of such section, the amounts for 2014 shall be reduced in a pro-rata manner to reflect only the portion of 2014 occurring before the date of the enactment of this Act and no amounts shall be provided for periods after such date; in applying subsection (b)(4)(A) of such section, amounts collected may only be used for 2014 and, notwithstanding subsection (b)(4)(B) of such section, amounts remaining unexpended as of December 2014 shall be returned, in a pro rata manner, to health insurance issuers making contributions under such section; and the reference in subsection (c)(1)(A) of such section to the first 3 years of operation shall be deemed a reference to the period of operation ending not later than December 31, 2014. Nothing in this subsection shall be construed as affecting the authority of a State, without regard to section 1341 of PPACA, to implement reinsurance programs with respect to health insurance coverage offered in the State. Section 1342 of PPACA ( 42 U.S.C. 18062 ) is repealed. The repeal made by paragraph
(1)shall apply to calendar years beginning after the date of the enactment of this Act.
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