On The Hill

Trade Update (October 19)

New Trade Deals   At the direction of President Trump, U.S. Trade Representative (USTR) Robert Lighthizer notified Congress that the Trump administration plans to negotiate three separate trade agreements with Japan, The European Union, and the United Kingdom. The notification follows the procedures outlined in the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, which…
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Health Update (October 19)

Opioid Legislation   It is widely expected that President Trump will sign H.R. 6, the sweeping opioids package recently passed by Congress, at a White House ceremony next Wednesday. While no administration officials have confirmed the plans, an invitation from the White House says the event will “focus on a year of historic action to combat…
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Trade Update (October 5)

US, Mexico, Canada Agreement (USMCA) Canada and the US reached an agreement on NAFTA 2.0, despite reports the two countries were unlikely to meet the US-imposed September 30th deadline.  USTR Lighthizer and Canadian Foreign Affairs Minister Freeland announced, “Today, Canada and the United States reached an agreement, alongside Mexico, on a new, modernized trade agreement…
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Tax Update (October 5)

  965 Regulations: Earlier this week, the Treasury Department and the IRS released Notice 2018-78[i], which provides guidance on basis elections for purposes of the transition tax under section 965. The notice states that basis elections will not be required to be made until 90 days after the publication of final regulations providing guidance on…
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Health Update (October 5)

Opioids Package The largest legislative response to the opioid crisis is one step closer to becoming law. This week, the Senate passed the comprehensive package, sending it to President Trump’s desk for signature. Last week, the House voted 393-8 to pass the legislation, which represents the culmination of several months of bipartisan work in the House and…
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Health Update (September 28)

  Today (September 28th), President Trump signed the Labor-HHS-Education/Defense spending package, avoiding a government shutdown at the end of this month. As reported last week, the bill contains a continuing resolution to fund any government expenditures not appropriated by September 30th, setting a new funding deadline of December 7th. The bill was signed in a small ceremony…
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Chairman Brady on Tax Reform 2.0, “Technicals” and TCJA Refinements

House Ways and Means Chairman Kevin Brady (R-TX-08) addressed a lobbyist group on Wednesday, September 26, after meeting with the House Republican conference to discuss the bills that comprise Tax Reform 2.0.   H.R. 6756 — American Innovation Act of 2018   H.R. 6757 — Family Savings Act of 2018   H.R. 6760 – Protecting…
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Trade Update (September 21)

Section 232 The Department of Commerce Bureau of Industry and Security (BIS) published an interim final rule regarding the Section 232 steel and aluminum exclusion process.  The announcement requested that interested parties submit their comments by November 13, 2018.  The new rule would modify the interim final rule published on March 19, 2018 by adding…
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Tax Update (September 21)

OECD Ambassador CHCG actively worked with Senator Scott’s office on his letter[i] calling for President Trump calling to nominate an Organisation to the Economic Cooperation and Development (OECD) Ambassador to push back on the EU’s proposed digital tax[ii]. A few weeks later, The White House selected a nominee, Pamela Bates[iii]. Bates served for 24 years as a…
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Health Update (September 21)

Labor-HHS-Education/Defense Package On Tuesday, the Senate passed the dual Labor-HHS-Education/Defense spending bill, paving the way for final passage in the House next week.  Senate Appropriations Chairman Richard Shelby (R-AL) called the bill “the most significant step we have taken yet,” noting the large pay increase provided for service members and increased resources to combat the…
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The Week Ahead

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