Sentences with phrase «omnibus budget reconciliation»
CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT (COBRA) An act that allows workers and their families to continue their employer - sponsored health insurance for a certain amount of time after terminating employment.
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In total, 20 bills have become law through reconciliation, including the 1990 Omnibus Budget Reconciliation Act, the Balanced Budget Act of 1997, the 2001 and 2003 tax cuts, and portions of the Affordable Care Act.
The proposal, part of omnibus budget - reconciliation legislation moving through the Congress, would save an estimated $ 10 million in fiscal year 1990 and $ 115 million in 1991.