The future of the Border Adjustment Tax (BAT) proposal, a critical element of the House Republican tax reform plan, is in doubt after signs of Republican opposition in the Senate emerged last week. Senator David Perdue (R-GA) became the most prominent Republican to overtly criticize the BAT, expressed in a Dear Colleague letter to his
January has already proven an eventful month for developers of small modular reactors (SMRs) and non-light water (i.e., advanced) reactors.
The tax and spending bill signed into law by President Obama last week included a two year suspension of the medical device excise tax. After years of effort by industry to abolish the tax, proponents of the suspension speculate that it may represent a window to full repeal. Read More: Congress Suspends Medical Device Tax for Two
On October 4, 2015, trade ministers from 12 Pacific Rim countries announced the conclusion of the Trans-Pacific Partnership agreement (TPP). TPP, a foreign policy legacy item for the president, represents nearly 40% of the world’s GDP. The agreement now requires congressional approval, using the “fast-track” process in the trade promotion authority bill (TPA) signed by President Obama in June.
With both houses of Congress coming under Republican leadership, it appears increasingly likely that reform of at least some of the laws governing the telecommunications sector could take place in 2015. Republicans on the House Committee on Energy and Commerce recently offered a preview of their telecom agenda with the release of a Compilation
The U.S. House and Senate have released their legislative calendars for the first session of the 114th Congress. Hogan Lovells Legislation and Political Law Compliance practice is happy to provide you with this congressional calendar for your 2015 planning purposes. This schedule may change at any time at the direction of House and Senate leadership.
Congress has once again taken up the idea of modernizing the Act to take into account “recent” innovations like the Internet, and is seeking public comment on some basic, critical issues about how the telecommunications industry is regulated. On January 8, 2014, Reps. Fred Upton and Greg Walden of the House Energy and Commerce Committee
A congressional conference committee on the U.S. federal budget on Tuesday released a two-year budget conference agreement, avoiding a looming government shutdown in January and passing a comprehensive budget for the first time in several years. The U.S. House of Representatives overwhelmingly approved the measure on Thursday night on a 332-94 vote; the Senate is
The U.S. House and Senate have released their legislative calenders for the second session of the 113th Congress. Hogan Lovells Legislation and Political Law Compliance practice is happy to provide you with this schedule for your 2014 planning purposes. This schedule may change at any time at the direction of House and Senate leadership. Calendar
A bill designed to crack down on patent assertion entities, sometimes called “patent trolls,” easily passed the U.S. House of Representatives yesterday. Sponsored by House Judiciary Committee Chairman Robert Goodlatte (R-VA), the Innovation Act targets oft-criticized patent assertion entities for conduct like sending large numbers of demand letters to small businesses without determining if they are
On December 18, 2012, the House and Senate released the Conference Report for the National Defense Authorization Act for Fiscal Year 2013 (“2013 NDAA”). In addition to authorizing the Department of Defense budget and expenditures, the 2013 NDAA will clarify requirements that limit subcontracting under small business subcontracts, provide small businesses the opportunity to limit
Earlier this week, the Senate-House Conference Committee Report on the National Defense Authorization Act for Fiscal Year 2013 (NDAA) was released. As we reported here, the Senate’s original version of the NDAA  would expressly permit access to contractor internal audit reports by the Defense Contract Audit Agency (DCAA). The House’s original version of the
President Obama and congressional Republican leaders continue to negotiate in an effort to pass legislation by year-end that would defer the “fiscal cliff” of higher tax rates and spending cuts scheduled to occur beginning January 1, 2013. To date, these negotiations have produced little if any progress. President Barack Obama remains insistent that any deal
Congressional leaders and the White House are currently working to come up with solutions to the fiscal train wreck set to take place at the end of this year. Democrats and Republicans are looking at options to develop a “grand bargain” — including raising taxes and cutting spending. If the “grand bargain” fails once again
Last week’s elections saw relatively minor changes to Republican and Democratic majorities in the House and Senate in their respective chambers. Democrats realized a net gain of two seats in the Senate, as Independent Senator-elect Angus King of Maine is expected to caucus with Democrats, giving them a 55 to 45 majority. Republicans maintained their majority
Congress has passed The Food and Drug Administration Safety and Innovation Act (FDASIA) reauthorizing existing FDA user fee programs and extending these programs to generic drugs and biosimilars, which is now headed to the President’s desk to be signed into law. In addition to authorizing user fee programs that are expected to cover 60% of the agency’s 2013‒2017
U.S. businesses and foreign multinationals with U.S. tax obligations should be on alert that the elements of a major U.S. tax reform legislative package are already in development within the U.S. Congress, the Obama Administration, and in interest groups and think tanks in Washington. The make-up of this tax reform package – to be debated