1. Short title
This Act may be cited as the “No Bailouts for Insurance Industry Act of 2014”.
No Bailouts for Insurance Industry Act of 2014
A BILL
To repeal sections 1341 and 1342 of the Patient Protection and Affordable Care Act.
2. Repeal of sections 1341 and 1342 of the Patient Protection and Affordable Care Act
In general— Sections 1341 and 1342 of the Patient Protection and Affordable Care Act (42 U.S.C. 18061, 18062) are each repealed.
Effective date— The repeals made by subsection (a) shall take effect on the date of the enactment of this Act, but the repeal of sections 1341 and 1342 shall not apply to plan years and calendar years, respectively, beginning before such date of enactment.