The enhanced 1099 mandate was part of 2010's health care overhaul law. It is the first provision of the law to be repealed.

"Today, I was pleased to take another step to relieve unnecessary burdens on small businesses by signing H.R. 4 into law," the President said in his signing statement. "Small business owners are the engine of our economy and because Democrats and Republicans worked together, we can ensure they spend their time and resources creating jobs and growing their business, not filling out more paperwork."

An NRA member was among the business owners who testified in favor of repeal at the House's first hearing on the issue this year. Mark Eagleton, an Egg and I franchisee from Arvada, Colo., described for a House committee how expanded 1099 reporting requirements would force him to submit additional paperwork to the IRS for even minor transactions.

He would have to submit 1099 forms for his daily $1.79 purchase of romaine lettuce from the local grocer, seasonal trips to the nursery and occasional trips to the hardware store for incidentals.

Not long after Eagleton's testimony, the House voted 314-112 March 5 in favor of repeal. The Senate followed on April 5 with an 87-12 vote to repeal the mandate.

In a letter to the Senate April 4, the NRA urged Congress to act swiftly. "Our industry is comprised of 960,000 restaurant and foodservice outlets, and is the second-largest private-sector employer. Yet, the vast majority of these businesses do not have a large administrative staff to handle the dramatically increased recordkeeping and reporting responsibilities under the expanded 1099 reporting provisions" of the health care law.