Today In Washington
July 11, 2018
Source: Jennifer White - Director, Government Relations
NDAA Watch – Last night, the Senate voted 91-8 to go to conference on the NDAA. Conferees for the FY19 defense authorization bill will formally meet today for the passing of the gavel. Each year, the chairmanship of the NDAA conference committee alternates between the two chambers. This year, the House Armed Services Committee will pass the gavel to the Senate Armed Services Committee.
Labor Policy Office Lead Announced – The White House announced yesterday that Bryan Jarrett, the acting head of the Department of Labor’s (DOL) federal wage and hour enforcement lead, will be the President’s nominee for DOL Assistant Secretary for Policy.
Financial Services Committee to Mark Up Small Business Bills – The House Financial Services Committee will hold a mark up today on 10 bills, including two small business bills: H.R. 6177, which would exempt an emerging growth company and its equity securities from registration for venture capital fund advisers, as well as revise the definitions of a qualifying portfolio company and qualifying investment, and H.R. 6021, which would ease a Dodd-Frank auditing requirement for small, privately-held brokers that don’t hold customer funds.
For a full list of bills being marked up and to watch the mark up, click here.
- Today, July 11 @ 10 AM: House Appropriations Committee, Full Committee Markup - FY19 Labor, Health and Human Services, Education, and Related Agencies, 2175 Rayburn House Office Building
- Today, July 11 @ 11 AM: House Small Business Committee, Innovation Nation: How Small Businesses in the Digital Technology Industry Use Intellectual Property, 2360 Rayburn House Office Building
- Today, July 11 @ 11 AM: House Ways and Means Committee, Markup of 11 Health Care Related Tax Bills, 1100 Longworth House Office Building
- Thursday, July 12 @ 10 AM: Senate Banking Committee, An Overview of the Credit Bureaus and the Fair Credit Reporting Act, 538 Dirksen Senate Office Building
October 22, 2018
Treasury Releases Proposed Regulations on Opportunity Zones Designed to Incentivize Investment in American Communities
The IRS's proposed regulations clarify that any person that recognizes capital gain for U.S. federal income tax purposes is eligible to defer all or a portion of such gain by investing in an Opportunity Fund.