On April 13, House lawmakers introduced the FAA Reauthorization Act of 2018 (H.R. 4). The bill would provide a five-year reauthorization of the Federal Aviation Administration (FAA). Of note, the measure does not contain the controversial proposal to privatize the air traffic control system — an issue that snarled up previous reauthorization bills. View Full Post
House Speaker Paul Ryan (R-WI) announced that he would not be seeking re-election in 2018. While it was not a complete surprise to those in the know, the decision sent a shockwave through Washington. Ryan is now part of the growing list of Republicans (about 46) who will not be returning to Congress next year. View Full Post
The Treasury Department and the Office of Management and Budget (OMB) has released a Memorandum of Agreement (MOA) establishing a new process for the review of tax regulations. The MOA brings an end (at least for now) to the recent power struggle between the two agencies over who should get the final say in approving tax regulations. View Full Post
The Senate convenes today at 3 p.m., and the House returns Tuesday at noon. House Financial Services Bills. The chamber will take up consideration of the following bills: H.R. 4293 – the Stress Test Improvement Act would modify testing requirements applicable to bank holding companies and certain nonbank financial companies by (1) establishing limitations on CCAR and (2) reducing the frequency of stress testing from semiannual to annual. View Full Post