Historically only 9% of laid-off workers have opted for Cobra (named for the Consolidated Omnibus Budget Reconciliation Act of 1986).

FORBES: Magazine Article

The infamous Pease limitation was first incorporated into the Omnibus Budget Reconciliation Act of 1990 and it is named after former Congressman Donald Pease.

FORBES: Pease Limitation Puts A Lid On Itemized Deductions For Wealthy Folks

The following year the Omnibus Budget Reconciliation Act of 1987 would create requirements that forced most S corporations and professional service corporation on to a December year end.

FORBES: I Grew Up With The Internal Revenue Code of 1986 - Will We Retire Together ?