President Trump has issued an Executive Order intended to minimize the economic and regulatory burdens of the Affordable Care Act (“ACA”).

Please note the order has NO immediate effect on employers, many of whom are in the process of complying with the ACA’s annual reporting requirements (Forms 1094 and 1095), which are NOT rescinded by the order. Until further regulatory guidance is released, the final regulations implementing the employer mandate and its reporting requirements remain in effect and are subject to enforcement by the IRS.