Pulling Section 1501 virtually eviscerates it. From Fox News article:
But Section 1501 is the portion of the law that collects most of the money that is supposed to flow into the system from millions of additional participants. Without it, the laws execution could be severely compromised and could rock the foundation of other provisions in the legislation.
I will certainly grant that if the 4th circuit and the SC let stand the strike of Section 1501 it sure makes the issue of “de-funding” by the House a simple solution — they simply refuse to grant other funding and then deal with cutting funding to alternate enforcement and execution methods.