Government Shutdown Avoided (Dec. 8)

Update 233 —  Government Shutdown Avoided Til the Week Before Xmas, and all thru House This morning, the President signed H.J. 123, a stopgap measure to fund the government through December 22.  The House and Senate passed the measure yesterday to prevent a government shutdown that would otherwise have occurred today. With another budgetary band-aid, …

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Senate Banking, Comity Central, OKs S.2155 (Dec. 5)

Update 231 — Senate Banking, Comity Central,  OKs S. 2155, now filibuster-proof, in 16-7 vote Today, Senate Banking marked up and reported out S.2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. The bill sailed through Committee. Final vote: 16 ayes and 7 nays. Democratic cosponsors refused to vote for amendments offered by opposing …

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Senate poised to Pass Tax Cuts for Big Firms, Wealthy (Dec. 1)

Update 230 — Senate Poised to Pass Tax Cuts for Big Firms, Wealthy, Adding $1.5 tr. in Debt  Lawyers and lobbyists on K Street are working overtime at the time of this writing, feverishly seeking to insert provisions — they aren’t amendments without votes and vote-a-rama doesn’t look imminent — into the $1.5 trillion GOP …

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Powell Pronounces on Dodd-Frank (Nov. 28)

Update 228: Powell Pronounces on Dodd-Frank The Pillars vs. the DFA Rules It’s OK to Tailor This morning, the Senate Banking Committee held Fed Governor Jerome Powell’s nomination confirmation hearing for Chair of the Fed.  Republicans and one moderate Democrat used the opportunity to try to secure Powell’s support for S. 2155, The Economic Growth, …

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A Litter of Legislation (Nov. 21)

Update 227 — A Litter of Legislation: Assessing the Viability of HFSC’s 23 New Bills Last week, House Financial Services (HFSC) reported out some 23 bills ranging from benign to systemically risky.  Speaking of systemic risk, in last Friday’s update on the Crapo financial regulation bill, we wrote that the bill “would end the annual …

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Hatching a New Tax Plan (Nov. 16)

Update 225 — Hatching a New Tax Plan: Chair’s Re-Mark a Bid to Save the Bill Late Tuesday night, Senate Finance Chair Orrin Hatch filed a significantly modified mark of his Committee’s tax bill.  As Committee Democrats have are processing the changes this week, we drill down on some of the major revisions to the bill, the rationale …

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