Capital Thinking Update - July 30, 2012


In This Issue:

- General Legislative

- Agriculture & Food

- Budget, Appropriations

- Cybersecurity

- Education

- Energy

- Environment

- Financial Services

- Health Care

- International, Defense, Homeland Security

- Sequestration

- Transportation

Excerpt from Agriculture & Food: Legislative Activity:

?? Farm Bill and Disaster Aid Package. On Thursday, July 26, House Majority Leader Eric Cantor (RVA) announced that the House may vote, as early as August 1, on a disaster aid package and a oneyear extension of the Farm Bill before the August recess. The plan is for the bill to then be conferenced with the Senate-passed Farm Bill, which may result in two possible outcomes – a oneyear extension or a five-year Farm Bill.

o Disaster Aid Package. The House disaster aid package will likely include about $200 to $300 million in funding, which would be offset by funding cuts to the direct farm payments program, to assist livestock producers. Specialty crop groups have been pressuring the leadership for disaster assistance; however, it is unclear whether the package will apply to them.

o Farm Bill. As of now, details on the House’s one-year extension of the Farm Bill have not been disclosed, as it is unlikely that the House will introduce a clean, one-year extension of the 2008 Farm Bill. Most likely the bill will include funding above the baseline for commodity programs and crop insurance programs. We expect the House to start releasing details as early as Monday, July 30.

Please see full newsletter below for more information.

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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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