7/29 @ 10:00 AM ET | GOP Leadership Press Conference - WATCH LIVE HERE

Delaying ObamaCare’s individual mandate for all Americans isn’t just the fair thing to do – it will also save a boatload of money for taxpayers struggling in this economy.

Analysis by the nonpartisan Congressional Budget Office (CBO) discovered that the Fairness for American Families Act (H.R. 2668), legislation by Rep. Todd Young (R-IN), “would reduce federal deficits by roughly $36 billion over the 2014-2018 period and by roughly $35 billion over the 2014-2023 period.”

A bipartisan majority of Republicans and Democrats approved H.R. 2668 in July after President Obama announced that he’d be delaying ObamaCare mandates for big businesses. This bill provides the same protection for families and individuals.

Despite the fact that he’s issued multiple waivers and delays, and has already signed seven other bills that repeal or defund provisions of his health care law – which is driving up costs, kicking Americans out of plans they like, and hurting our economy – the president threatened to veto H.R. 2668. But that isn’t stopping the House from taking action – we’ll vote again this week to protect taxpayers by closing a White House loophole that leaves ObamaCare “wide open to fraud.”

The No Subsidies Without Verification Act (H.R. 2775) by Rep. Diane Black (R-TN) stops the Obama administration from using the “honor system” to dole out ObamaCare subsidies. According to The Hill, it “would prohibit the government from offering these subsidies until a system is put into place to verify people's eligibility.”

Check back this week to learn more about Rep. Black’s bill and other ongoing efforts to dismantle ObamaCare and focus on patient-centered reforms. And click here to read the full report from the Congressional Budget Office.