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
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
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 - - 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
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
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
MAHA and More Medicaid - Late Sunday night, May 18, 2025, the House Budget Committee voted to advance the reconciliation package drafted by the Energy and Commerce Committee and Ways and Means Committee last week. The four...more
Reconciliation Hits a Speedbump - As of May 6, 2025, it will not be what was anticipated on Capitol Hill. Multiple committees, including the House Energy and Commerce Committee, reportedly had planned to spend this week...more
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
Final Week Before Easter Recess - Focus this week on Capitol Hill will remain on reconciliation, as Republicans aim to pass the unified budget resolution in the House before leaving on Thursday for the two-week Easter...more
The Senate approved H.Con.Res.14 in the early morning hours of Saturday, April 5, concluding a vote-a-rama that began the night before and lasted over 5 hours. The final vote was 51-48, with Sens. Rand Paul (R-KY) and Susan...more
On Thursday, April 3, the Senate voted 52-48 on the motion to proceed with debate on H.Con.Res.14, the Senate’s new fiscal year (FY) 2025 budget resolution, triggering a statutorily required 20 hours of debate. Both the House...more
As the end of the 2025 Legislative Session draws near, those who still harbor hope for the legislative process look ahead to next year — with study committees. Everyone’s favorite way to see lawmakers and lobbyists in...more
Unusually heavy traffic that stalled commutes to the Georgia State Capitol for many on Thursday morning may prove to be symbolic of the waning days of the 2025 Legislative Session. With many bills and resolutions still...more
The Senate approved S.Con.Res.7 in the early morning hours of Friday, Feb. 21, concluding a vote-a-rama that began the night before and lasted over 10 hours. The final vote was 52-48, with Sen. Rand Paul (R-KY) joining...more
On Wednesday Feb. 12, the Senate Budget Committee advanced a fiscal year (FY) 2025 budget resolution by a vote of 11-10. The Senate voted to move forward with debate on the resolution on Tuesday, Feb. 18, triggering a...more
The Senate is in session this week, but the House is in recess. It is anticipated that the Senate may begin floor work on its budget resolution this week, culminating in a “vote-a-rama,” which is a series of votes on...more