In This Issue:
- General Legislative
- Agriculture & Food
- Budget, Appropriations and Sequestration
- Financial Services
- Homeland Security
- Transportation & Infrastructure
- Excerpt from Transportation & Infrastructure:
Surface Transportation. The President’s FY 2014 Budget Request includes $50 billion in Immediate Transportation Investments and proposes robust, long-term reauthorizations of the surface transportation and passenger rail programs to be financed through “savings from ramping down overseas military operations” in Iraq and Afghanistan. The Budget proposes to reserve these savings to fund a six-year reauthorization of MAP-21 beginning in FY2015 that would increase funding by 25 percent above current levels. With respect to key discretionary programs, the President’s Budget provides $500 million for the TIGER program and $1.98 billion for the New Starts program, representing modest increases over the final FY 2013 levels. The President has previously made these requests for $50 billion in immediate investments and to use the “peace dividend” to finance long-term reauthorizations, and they have not garnered support in Congress.
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Topics: Barack Obama, CFTC, CISPA, Cybersecurity, Data Protection, FATCA, Federal Budget, FHFA, Foreclosure, Fracking, Gun Laws, Jacob Lew, Oil & Gas, Proposed Legislation, SEC, Sequestration, SIFIs, Spending Cuts
Published In: Agriculture Updates, Energy & Utilities Updates, Immigration Updates, Tax Updates, Transportation Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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