Capital Thinking Updates - February 27, 2012

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In This Issue: Legislative & Regulatory Activities in the following categories:

- General Legislative

- Budget, Appropriations

- Education

- Energy

- Environment

- Financial Services

- Health Care

- International, Defense, Homeland Security

- Tax

- TechComm

- Transportation

Excerpt from Transportation

LEGISLATIVE ACTIVITY

- SAFETEA-LU Reauthorization. Late breaking reports on Thursday, February 24 indicated that the House would be moving forward with a shorter-term bill that preserves dedicated gas tax funding for mass transit. The transit funding issue had been a core obstacle to getting enough votes to pass the bill, and the House also had increasing trouble with coming up with sufficient revenue for the original, fiveyear bill. In that it addresses the major obstacles to passage, this development would appear to represent a deal that will allow the bill to move to the floor and pass the House. However, reports indicate that the House leadership is weighing the idea of a shorter term bill but no decision has been made. A shorter-term bill, if that is indeed the path forward, would not be a “clean” extension but would be the substance of H.R. 7 just with a shorter duration and corresponding changes in funding. While action in the Senate had been delayed over how to handle non-germane amendments in particular and the amendment process more generally, the Senate is expected to turn to its two-year reauthorization bill, MAP-21 (S. 1813) when it returns from recess next week. The Senate is ultimately expected to pass its reauthorization bill, although the floor process and amount of time the bill will be on the floor remains uncertain. More detail on the Senate floor process should emerge next week when Members return to Washington.

Please see full newsletter below for more information.

 

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Published In: Education Updates, Elections & Politics Updates, Energy & Utilities Updates, Health Updates, Tax 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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