Treasury Rejects GOP Subpoena Threat Over Exchange Credits

Law360, New York (October 29, 2012, 3:13 PM EDT) -- The U.S. Department of the Treasury on Thursday rejected a subpoena threat from the House Oversight Committee, saying the release of internal documents detailing Treasury's legal interpretation of the health law's exchange subsidies would jeopardize “confidentiality interests.”

House Republicans including Oversight chairman Rep. Darrell Issa, R-Calif., have been hammering the administration over the subsidies for months. They argue that the Patient Protection and Affordable Care Act only made the federal subsidies, paid in the form of a tax credit, available for people buying insurance on a...
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