On Tuesday, July 2nd, 2013, the Obama Administration announced a one-year delay in applications of penalties associated with the employer shared responsibility requirements established under the Patient Protection and Affordable Care Act, Pub. L. No. 111-148, and the Health Care and Education Reconciliation Act, Pub. L. No. 111-152 (collectively, the ACA). As a result, applicable large employers will not be subject to a penalty if any of their full-time employees (and their dependents) receive a tax credit to obtain health insurance through an Affordable Insurance Exchange (or Marketplace) in 2014.