Karl Evers-Hillstrom

6 days ago | news.bloombergtax.com | Brandon Lee |Karl Evers-Hillstrom |Greg Tourial |Olivia Gyapong

The House returns from its Memorial Day recess to take up legislation that would restrict Small Business Administration loans based on immigration status, close SBA offices in “sanctuary” cities, and limit the number of certified small business lending companies. The Rules Committee plans to meet Tuesday to set the terms of floor debate on those bills, as well as another measure to renew key drug overdose prevention and treatment programs. Simple majorities would be required for passage.

2 weeks ago | news.bloomberglaw.com | Karl Evers-Hillstrom |Olivia Gyapong |Brandon Lee |Dan Lee |Greg Tourial

The House passed Republicans’ sweeping budget reconciliation bill early Thursday morning in a narrow 215-214 vote, advancing key Trump campaign pledges to extend tax cuts from his first term, boost immigration enforcement spending, and more. The measure (H.R. 1) would make permanent lower tax rates from Republicans’ marquee 2017 tax law (Public Law 115-97) that expire at the end of the year and add new tax breaks.

2 weeks ago | news.bgov.com | Kellie Lunney |Karl Evers-Hillstrom

House Republicans are moving ahead with a measure that would fast-track permitting for fossil fuel project applicants as part of President Donald Trump’s sweeping tax-and-spending bill. The language was included as part of a manager’s amendment released Wednesday night to House Republican’s version of the budget legislation, which Speaker Mike Johnson (R-La.) aims to bring to the chamber floor Thursday.

3 weeks ago | news.bloomberglaw.com | Karl Evers-Hillstrom |Olivia Gyapong |Brandon Lee |Dan Lee |Greg Tourial

President Donald Trump’s tax, energy, immigration, defense, and health-care priorities would be enacted under House Republican’s sweeping reconciliation bill, which would use the budget process to bypass Democratic opposition in the Senate. The measure would make permanent lower tax rates from Republicans’ marquee 2017 tax law (Public Law 115-97) that expire at the end of the year and add new tax breaks for seniors and tipped and overtime wages.

1 month ago | news.bloombergtax.com | Karl Evers-Hillstrom |Olivia Gyapong |Brandon Lee |Dan Lee |Greg Tourial

The House Natural Resources Committee approved its portion of Republicans’ sweeping budget reconciliation bill this week, bringing the number of pieces approved to eight. Still, some of the trickiest parts remain. The Agriculture, Energy and Commerce, and Ways and Means panels have yet to act on their measures, which include the bulk of targeted spending cuts and tax changes. Download the BGOV Reconciliation Update for May 7Republican leaders are aiming to clear the measure for Trump by July 4.