That was fast — last week McGuireWoods’ Tax Policy Update reported that House Financial Services Chairman Jeb Hensarling (R-TX) would be putting together a legislative package as a follow-up to the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), the bipartisan regulatory relief bill for small financial institutions enacted in May 2018. View Full Post
The “listening sessions” for Tax Cuts 2.0 have begun. Ways and Means Republicans gathered last week to discuss which tax provisions should go into the forthcoming legislative package. Ways and Means Chairman Kevin Brady is pushing hard to release a proposal by July 26 before the House leaves for the August recess — an ambitious timeline given that no major decisions were made at the July 11 meeting. View Full Post
On June 28, the Senate Banking Committee held a hearing to examine various legislative proposals aimed at improving corporate governance. A copy of McGuireWoods’ congressional hearing report is available here if you’re interested in reading some of the highlights. Many thanks to our summer intern Rebecca Harbison for covering the hearing. View Full Post