On The Hill

Health Update (July 27)

Senate GOP Poised to Unveil Next Relief Package Monday Senate Majority Leader Mitch McConnell (R-KY) is working to find agreement amongst his caucus and the administration over the contents of the next coronavirus relief package, ‘CARES 2.0.’ At a press conference Thursday (Jul. 23), McConnell indicated the package will focus on children, health care, and…
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Energy Update (July 20)

House News LWCF The House of Representatives will consider the Great American Outdoors Act on Wednesday (Jul. 22). President Trump has committed to signing the legislation. A group of Republican lawmakers have objected to House Democratic leaders bringing the package to the floor under an expedited procedure.[1] This week, House Minority Whip Steve Scalise (R-LA) said…
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Tax Update (July 20)

OECD Director of the Tax Policy and Administration Center at the Organization for Economic Cooperation and Development (OECD), Pascal Saint-Amans, said he plans to have blueprints for Pillar One and Pillar Two of a global tax agreement by this October. Additionally, Saint-Amans was hopeful for a potential deal on Pillar Two before the end of…
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Health Update (July 20)

House Appropriations Approves HHS FY2021 Spending Bill On Monday (Jul. 13), the House Appropriations Committee approved the FY 2021 Labor-HHS-Education Appropriations bill. The bill will increase the HHS’ budget by $1.5 billion. In addition, over $24 billion in emergency spending will be allocated to state and local public health departments and laboratories. Democrats argue these…
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Energy Update (July 13)

Interior-Environment Appropriations   On Friday (Jul. 10), the House Appropriations Committee approved their FY 2021 funding bill for the Department of Interior (DOI), the Environmental Protection Agency (EPA), and other agencies on a party line vote of 30-19.[1]   The committee voted down a handful of Republican amendments that would strip provisions to block the…
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Tax Update (July 13)

Regulations   On Thursday (Jul. 9), the Internal Revenue Service (IRS) and the Treasury Department issued final regulations on global intangible low-taxed income (GILTI) deductions and foreign-derived intangible income (FDII). The finalized regulations allow individuals to elect for corporate treatment and receive 50 percent deductions on income determined to be GILTI.   The regulations will go into…
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Health Update (July 13)

Appropriations On Thursday (Jul. 9), the House Appropriations Committee approved a funding increase for the Food and Drug Administration (FDA) in fiscal year 2021. The Agriculture, Rural Development, Food and Drug Administration bill would allocate $3.2 billion in discretionary funds to the FDA. In addition, the FDA would also acquire authority to recall prescription and…
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Energy Update (July 6)

House Select Committee on the Climate Crisis Releases Report   On Tuesday (Jun. 30), House Democrats unveiled the Select Committee on the Climate Crisis’s majority report. The document is over 500 pages long, and is the most ambitious Democratic climate plan to date. The policy recommendations would reduce emissions 88 percent below 2010 levels by…
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