This Week’s Update

This week’s Washington Update covers: taxes; financial services; energy and environment; defense; transportation; and technology.

This Week in Congress

  • House – The House approved the “Budget Resolution for FY 2013” (H.Con.Res. 112), the “Federal Communications Commission Process Reform Act of 2012” (H.R. 3309) and a three-month extension of surface transportation programs (H.R. 4281). The House also concurred in the Senate amendment to the “Jumpstart Our Business Startups (JOBS) Act” (H.R. 3606), sending the bill to the President. The House approved three financial services bills under suspension of the rules, the “Swap Execution Facility Clarification Act’ (H.R. 2586), the “Business Risk Mitigation and Price Stabilization Act of 2011” (H.R. 2682) and a bill to “Exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act” (H.R. 2779).

 

  • Senate – The Senate approved the three-month extension of Surface Transportation Programs (H.R. 4281), which the President signed today. The Senate failed to invoke cloture on the “Repeal Big Oil Tax Subsidies Act” (S. 2204).

Next Week in Congress

  • House – The House is in recess until April 16, 2012.

 

  • Senate – The Senate is also in recess until April 16. When the Senate returns it is expected to consider the “Paying a Fair Share Act” (S. 2059) that would impose a minimum 30 percent tax on taxpayers who have annual income in excess of $1 million.

 

 

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