Tag Archives: Steven Mnuchin

Public Policy Daily Briefing – July 1, 2020

Senate Republican leaders have begun to lift the veil on their plans for the next coronavirus response package, acknowledging in a news conference Tuesday that they will support opening the coffers next month to provide another round of aid. The timetable set by Senate Majority Leader Mitch McConnell (R-KY) and other Senate GOP leaders means … Continue Reading

US Executive Branch Update – June 26, 2020

This report provides a snapshot of the US Executive Branch priorities via daily schedules and the prior day’s press releases. POTUS’ Schedule* *The US President (POTUS) and Vice President’s (VPOTUS) daily schedules are subject to change, as is the White House press briefing schedule. 11:45 a.m. EDT – THE PRESIDENT receives his intelligence briefing | … Continue Reading

Public Policy Daily Briefing – June 25, 2020

COVID-19 is making a comeback in America this summer, complicating President Donald Trump’s re-election campaign and governors’ plans to reopen their economies. A wave of new hospitalizations around the country is threatening to dampen hopes for a quick economic recovery in the wake of this spring’s pandemic-related lockdown, giving new urgency to discussions among federal … Continue Reading

Public Policy Daily Briefing – June 24, 2020

The Trump Administration appears divided on the question of what President Donald Trump’s priorities will be for the next significant federal COVID-19 response package. The Washington Post reports the president supports providing another round of “stimulus” payments to a broad range of US households to support growth by putting money directly into the hands of … Continue Reading

Public Policy Daily Briefing – June 18, 2020

America’s top monetary policy official, Federal Reserve Board Chairman Jerome Powell, is urging the US Congress to extend the enhanced unemployment benefits approved this spring that are set to expire at the end of July, intensifying a policy debate that will be pivotal to the negotiations next month that will determine the next phase in … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 12, 2020

A high-stakes summer is underway in America, where President Donald Trump and the nation’s governors are pushing forward with plans for reopening the nation’s economy even as many nervously eye health indicators that suggest the coronavirus may not be satisfactorily contained. In a vivid illustration of this tension, the Republican National Committee announced Thursday that … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 11, 2020

US Treasury Secretary Steven Mnuchin, who has been the lead domestic policy negotiator for President Donald Trump and his administration during the COVID-19 crisis, made clear in testimony Wednesday to congressional lawmakers that the White House believes passage of another major coronavirus response package will be necessary soon, notwithstanding a generally positive national jobs report … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 10, 2020

The United States has experienced a sharp increase in the number of new reported cases of coronavirus over the past week, but Beltway media coverage and the policy debate in Washington this week are largely centered on the potential for action in both chambers of the US Congress on police reform legislation. Republicans, emboldened by … Continue Reading

COVID-19: US & European Developments – Implementation and Oversight of CARES Act – June 9, 2020

The US Congress is moving urgently to formulate new legislation that goes to the heart of the current policy debate in America, and it has nothing to do with coronavirus. Instead, the focus of Congress’ current short-term agenda is police reform, calls for which have surged across the nation in the wake of the universally … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 5, 2020

President Donald Trump issued an executive order (EO) Thursday directing federal agencies to streamline their permitting processes to allow for expedited movement on infrastructure projects as a means of contributing to a swift recovery of the American economy as states and US territories emerge from their coronavirus-driven lockdowns. The president’s order came as policymakers prepared … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 4, 2020

As public protests against police brutality and racial disparity continued to dominate the national policy debate, pushing coronavirus-related news from the front pages, the US Senate has given its approval to legislation passed last week by the US House of Representatives making changes to the Paycheck Protection Program (PPP) created by the March 27 Coronavirus … Continue Reading

House Set to Vote on CHOICE Act; Agency Nominations, Budgets, and Rulemakings Under Review

Legislative Activity House Set to Choose Path for CHOICE Act as Senate Holds Hearing on Community Banking This week, the House is set to vote on H.R. 10, the Financial CHOICE Act of 2017 (CHOICE Act). After a contentious markup in the House Financial Services Committee last month, the bill was favorably voted out of … Continue Reading

Tax-Writers, Treasury Talk Tax Reform

Legislative Activity Pressing Forward with Tax Reform Prior to last week’s Memorial Day recess, both the House Ways & Means and Senate Finance Committees held hearings, which focused on the state of tax reform. First, in their hearings reviewing the President’s FY 2018 Budget Proposal, tax-writers focused on various issues, including: (1) the timing and … Continue Reading

Busy Week at the Banking Committee; Treasury on the Hill as Trump Fills Out Financial Services Regulators

Legislative Activity Senate Banking to Host Secretary Mnuchin, Focus on Treasury This week, the Senate Banking Committee will consider the nominations of several individuals to fill key posts within the Treasury and Commerce Departments (see below for additional details). The Committee will also host Treasury Secretary Steven Mnuchin to discuss an array of domestic and … Continue Reading

Tax-Writers Huddle Up as Trump Releases Tax Principles

Legislative Activity House Tax-Writers Hold Two-Day Meeting on Tax Reform Today, Monday, May 1, House Ways and Means Committee Republicans will continue their two-day meeting to reach a consensus on tax reform – a task that comes amidst the release of the Trump Administration’s tax reform principles (discussed further below). As senior House tax-writer Devin … Continue Reading

Trump and Treasury Turn to Tax Reform

Legislative Activity How About That Hearing?: The Tax Reform Saga Continues After speculation by some that the House Ways and  Means Committee would hold the first hearing on its tax reform proposal this week, no such hearing was ultimately scheduled. That said, tax-writers are continuing to work to push forward their tax reform efforts. Our … Continue Reading

Brady’s BAT Battle; Trump Takes on Tax Reform

Legislative Activity Brady May Be Open to “Significant Modifications” on BAT as the Trump Administration Takes More Active Role in the Tax Reform Debate As the health care reform debate continues to unfold, congressional tax-writers are preparing to move forward swiftly with their tax reform efforts. Though House Ways and Means Committee Chairman Kevin Brady (R-TX) has … Continue Reading

First Quarter Tax Reform Update

Legislative Activity The House With the 115th Congress entering month three, tax reform continues to be a focal point of the political debate in Washington. Intent to move forward with their tax reform “Blueprint” released in June 2016, Speaker Paul Ryan (R-WI), House Ways and Means Committee Chairman Kevin Brady (R-TX), and other tax-writers have … Continue Reading

House Passes FY 2017 Defense Appropriations Bill; President Trump to Deliver FY 2018 Budget Outline This Week; Debt Ceiling Suspension Expires This Week

Legislative Activity FY 2017: House Passes Defense Appropriations Bill, What About the Rest? The House passed its $577.9 billion FY 2017 defense appropriations bill (H.R. 1301) last week by a vote of 371-48 which included a $6.8 billion increase in procurement funding above the Obama Administration’s budget request for the fiscal year. The chamber still … Continue Reading

Congress Looks to Finalize Funding for the Current Fiscal Year; Trump’s FY 2018 “Skinny Budget” Expected Mid-March

Executive Branch Activity Trump’s FY 2018 “Skinny Budget” Expected Mid-March The Trump Administration is reporting it will release its FY 2018 budget proposal by mid-March, according to White House Press Secretary Sean Spicer. The proposal is expected to be a “skinny budget” and provide an outline of the President’s fiscal goals, while a more comprehensive … Continue Reading

Financial Services Regulatory Reform Debate Abounds in Congress and at the Agencies; FSOC to Meet Under Mnuchin

Legislative Activity CHOICE Act 2.0 Could Be Weeks Away as GOP May Need to Resolve Differences While previous reports indicated that House Financial Services Committee Chairman Jeb Hensarling (R-TX) was set to move on a revised version of the Financial CHOICE Act (CHOICE Act 2.0), his plan seems to have been met with delay. Though … Continue Reading

Questions Over GOP Tax Reform Proposal Emerge; Acting Treasury Secretary Named

Legislative Activity Border Adjustability in the Spotlight Though healthcare and repealing and replacing the Affordable Care Act have thus far been the primary focus of the tax-writing committees this Congress, policymakers are still continuing to move forward with tax reform. Among the proposals in the House Republicans’ tax reform “Blueprint” receiving the most attention in recent weeks … Continue Reading
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