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Today In Washington

November 13, 2017

Source: AEO Government Relations Team, Madison Services Group


Your Move, Senate: Tax Reform 

Today, the Senate Finance Committee, the Senate committee of jurisdiction for taxation, will hold a conceptual mark-up of the “Tax Cuts and Jobs Act.” During the conceptual mark-up, tax reform will be debated and examined as a narrative, instead of bill text. As with a traditional mark-up, Committee members will be able to file and offer amendments to the proposal. Once completed, the Committee will release the bill text for tax reform, along with an updated evaluation of its overall cost.

The full House membership is expected to vote on its version of the “Tax Cuts and Jobs Act” on Thursday.  

Legislation

H.R. 4267, the “Small Business Credit Availability Act,” introduced by Representative Steve Stivers (R-OH), amends the Investment Company Act of 1940 to change certain requirements relating to the capital structure of business development companies.

H.R. 4368, a bill “To Amend the Small Business Act to Require that Community Development Block Grant Funds Provided for the Same Purpose as Assistance Under Certain Disaster Relief Programs of the Small Business Act be Used to Repay Such Assistance,” introduced by Representative Nydia Velazquez (D-NY).  Text for this bill is not yet available.  

H.R. 4319, a bill “To Amend the FAST Act to Improve Contracting Opportunities for Veteran-Owned Small Business Concerns.” Introduced by Representative Brian Fitzpatrick (R-PA). Text for this bill is not yet available.  

H.R. 4367, a bill “To Amend the Small Business Act to Provide Guaranteed Disaster Loans to Certain Small Business Concerns,” introduced by Representative Nydia Velazquez (D-NY). Text for this bill is not yet available.  

Hearings

Today @ 3 p.m.: Senate Finance Committee hearing - “Open Executive Session to Consider an Original Bill Entitled the Tax Cuts and Jobs Act.” 216 Hart Senate Office Building.  

Wednesday @ 11 a.m. – House Small Business Committee hearing - “Federal Government and Small Businesses: Promoting Greater Information Sharing for Stronger Cybersecurity.” 2360 Rayburn House Office Building.  


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