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Tax & Financial Services Week Ahead, April 25, 2022

The House and Senate will reconvene Tuesday at 2:00 p.m. and Monday at 3:00 p.m., respectively....more

House and Senate Pass $1.5 Trillion Omnibus

House and Senate leaders announced the release of a $1.5 trillion bipartisan omnibus package for fiscal year (FY) 2022 on March 9. The agreement also encompasses an emergency supplemental for Ukraine security and humanitarian...more

Key Takeaways from President Biden’s State of the Union Address

President Joe Biden delivered his first State of the Union (SOTU) address last night against the backdrop of war in Europe, persistently high inflation, a waning global pandemic and a deeply divided Congress. The scene was a...more

Building Back Better, April 20, 2021

WHAT TO WATCH THIS WEEK - - Republican Counterproposal. Senate Republicans are crafting a counter-proposal as an alternative to President Joe Biden’s American Jobs Plan (AJP). The package is expected to cost around $600 to...more

Building Back Better

Congress recently voted on a $1.9 trillion COVID-19 stimulus package—the American Rescue Plan Act (ARPA, P.L.117-2). It includes stimulus checks for individuals, expanded unemployment benefits, and funding for vaccines, state...more

Building Back Better, April 13, 2021

WHAT TO WATCH THIS WEEK - - White House Selling AJP. As the administration seeks to gain bipartisan support for its American Jobs Plan (AJP), President Joe Biden will be holding a series of meetings with lawmakers to discuss...more

President Biden Unveils American Families Plan in First Address to Congress

On April 28, President Joe Biden delivered his first address to Congress, touting the passage of the $1.9 trillion American Rescue Act Plan, highlighting progress on vaccinations and outlining a path forward on rebuilding the...more

Building Back Better, March 23, 2021

Note: Congress recently voted on a $1.9 trillion COVID-19 stimulus package—the American Rescue Plan Act (ARPA, P.L.117-2). It includes stimulus checks for individuals, expanded unemployment benefits, and funding for vaccines,...more

Treasury Secretary Janet Yellen’s Tax and Financial Services Responses to Senate Finance Committee

On Jan. 25, the Senate voted overwhelmingly to confirm President Joe Biden’s nomination of Janet Yellen to be the 78th treasury secretary. Yellen is the first woman to hold the position and she will be responsible for...more

Congress Passes Omnibus, COVID-19 Relief

On Dec. 20, the House and Senate passed H.R. 133, The Consolidated Appropriations Act of 2021. The bill includes a $900 comprehensive package to provide COVID-19 relief to businesses and individuals, including a second round...more

House Passes Government Funding Extensions

Earlier this evening, the House passed the Continuing Appropriations Act, 2021 and Other Extensions Act (H.R.8337) with broad bipartisan support 359-57, extending current federal funding levels through Dec. 11, 2020. ...more

Coronavirus Economic Response Update: COVID-19 Negotiations Still Stalled

This weekly newsletter outlines the latest developments in Washington, including major tax, small business and financial services developments in the negotiations on Phase Four legislation and regulatory guidance from various...more

Coronavirus Economic Response Update: White House Acts as Negotiations Stall

What to Expect—the Next Economic Recovery Package - Hear Ye, Here Ye! On Saturday, President Trump took executive action to defer payroll taxes, set up an assistance program for lost wages to supplement unemployment...more

Senate GOP Releases COVID-19 Stimulus Bill—HEALS Act

On Monday, July 27, Senate Majority Leader Mitch McConnell (R-KY) released a $1 trillion stimulus package in response to the ongoing effects of the COVID-19 pandemic. The Brownstein Tax Policy Team has summarized the...more

Coronavirus Economic Response Update: June Jobs Report Signals Recovery

This weekly newsletter outlines the latest developments in Washington, including major tax, small business and financial services developments in the negotiations on Phase Four legislation and regulatory guidance from various...more

Summary and Analysis of House Democrats’ Infrastructure Bill

On June 22, House Democrats released the text of H.R. 2, the Moving Forward Act, a $1.5 trillion comprehensive infrastructure package. In addition to funding traditional infrastructure priorities—surface transportation, rail...more

Coronavirus Economic Response Update: Infrastructure, Appropriations & the IRS

Welcome back to Infrastructure Week! This weekly newsletter outlines the latest developments in Washington, including major tax, small business and financial services developments in the negotiations on Phase Four legislation...more

Coronavirus Economic Response Update: Phase Four Pushed to July

Congress continues to debate legislative proposals related to the next COVID-19 package, though a final package is not expected until late July. This weekly newsletter outlines the latest developments in Washington, including...more

Coronavirus Economic Response Update: Competing Priorities Cloud Phase Four

Last week, House Democrats unveiled and passed the Health and Economic Recovery Omnibus Emergency Solutions Act (HEROES) Act, a $3 trillion stimulus package to address the effects of COVID-19 on businesses, state and local...more

Analysis of Economic Provisions in HEROES Act

On May 12, House Democrats unveiled the Health and Economic Recovery Omnibus Emergency Solutions Act (HEROES) Act. Democratic leadership intends to bring the legislation to the floor for a vote on Friday. The bill is the...more

Coronavirus Economic Response Update: The Road to Recovery

As an increasing number of governors plan to reopen state economies, Congress is under pressure to pass a fourth stimulus package to help businesses and individuals navigate economic recovery. This weekly newsletter outlines...more

Analysis of Senate-Passed CARES Act

On March 25, the Senate approved a $2 trillion stimulus package, the Coronavirus Aid, Relief, and Economic Security Act, to address the economic and health impacts of the COVID-19 pandemic. The bill now moves to the House for...more

Coronavirus Economic Update - March 2020 #3

As the U.S. economy grinds to a halt, the Senate’s Phase Three negotiations have continued past the Republicans’ self-imposed deadline. In the meantime, House Democrats have unveiled Phase Three legislation of their own,...more

The Coronavirus Aid, Relief and Economic Security (CARES) Act

On Thursday, March 19, Senate Republicans unveiled the Coronavirus Aid, Relief and Economic Security (CARES) Act (S.5348), their opening bid for Phase Three relief negotiations. This memo provides a summary and analysis of...more

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