Key point: With the Cybersecurity Information Sharing Act of 2015 (CISA 2015) scheduled to sunset on September 30, 2025, Congress will need to act quickly to renew the law and maintain, if not improve, the liability...more
Throughout July, the Senate Committee on Appropriations ramped up their advancement of fiscal year (FY) 2026 appropriations bills, advancing eight of their 12 appropriations bills out of the full committee. In the lower...more
Senate Steers Toward Summer Break - With the House already on August recess, the Senate will consider several of President Trump’s nominees, including Gustav Chiarello III to be an assistant secretary of the US Department of...more
The House has already begun its August recess, but the Senate remains in session for one more week. However, President Trump has continued pressuring the Senate to cancel August recess in a bid to advance additional...more
Two long weeks until August recess - This is the last week with both chambers in session until September, and things are relatively slow as lawmakers count down the days to the month-long August recess. With reconciliation...more
The House and Senate are in session this week, with both chambers set to recess in the coming weeks for the entire month of August. However, President Trump has called on Congress to cancel August recess in a bid to advance...more
Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....more
THIS WEEK’S DOSE - - OBBBA implementation begins. While the administration focuses on implementing the new law, some lawmakers are already discussing adjustments to health provisions in the One Big Beautiful Bill Act...more
The Senate approved a revised version of H.R.4, the Rescission Act of 2025 on July 17, concluding a vote-a-rama that began the morning of July 16 and lasted 13 hours. Senators took roll call votes on 17 amendments and motions...more
On Tuesday, July 15, the Senate voted 51-50, with Vice President JD Vance casting the tie-breaking vote, on the motion to proceed with debate on H.R.4, the Rescission Act of 2025. Democrats used 10 hours of the statutorily...more
The U.S. House of Representatives returns from a district work period. The U.S. Senate is expected to consider the $9.4 billion rescissions package that passed the House last month. If not passed by July 18, 2025, the...more
Both the House and Senate are in session this week. The House will consider a tranche of pro-crypto legislation on the floor this week, including a Senate-passed bill (S. 1582) that would establish rules for stablecoins, a...more
THIS WEEK’S DOSE - - President Trumps signs OBBBA into law. After months of debate, Congress passed and President Trump signed H.R. 1, the One Big Beautiful Bill Act (OBBBA), into law on July 4, 2025. - Senate HELP...more
Senate Republicans Introduce Legislation to Empower Independent Workers - Earlier this week, Senators Bill Cassidy, (R-LA), chair of the Senate Health, Education, Labor and Pensions (HELP) Committee, and Senators Rand Paul...more
On July 3, the House adopted the Senate substitute to H.R. 1, the One, Big, Beautiful Bill Act (OBBBA) by a vote of 218-214. The bill was signed into law on July 4, 2025 and is now Public Law 119-21....more
Republicans currently control the White House and both chambers of Congress. As the majority power controlling both the House and Senate, the GOP holds the reins of the congressional oversight and investigations agenda....more
On June 16, 2025, the Senate Finance Committee released its version of the “One, Big Beautiful Bill” (OBBB) that would create a steep phase-out of renewable energy tax credits—notably, renewable energy companies would have to...more
Former Congressman Peter Roskam, who leads BakerHostetler’s Federal Policy team, provides listeners with a front-row seat to the most important policy and political debates in Congress. In this episode of “The Cloakroom with...more
Both chambers are in session this week. Senate Republicans will continue to revise the House-passed reconciliation package. Disagreements remain over the overall size of the package as well as a host of outstanding issues...more
On March 28, 2025, the New York State Senate Elections Committee met and voted to approve seven bills...more
On May 15, 2025, the House released the draft FY 2025 budget bill. As currently drafted, the budget bill does not limit or otherwise change the tax treatment of carried interest. Following the release of the budget bill,...more
On May 22, 2025, the House of Representatives voted along party lines (with one Republican member voting present and two Republican members not voting) to advance the “One Big Beautiful Bill” Act (the OBBB) to the Senate for...more
Welcome to this week’s edition of Tax Bytes. Our team of tax lawyers is actively monitoring for federal and international tax developments and issues of note. Each week we pull together the items we deem most important to...more