Capitol View: A Publication Of Venable's Legislative And Government Affairs Practice Group - February 2011

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In this issue:

House Passes Continuing Resolution but the Threat of a Government Shutdown is Still Looming; President Obama Releases $3.7 Trillion Budget Proposal; Party Politics Comes Face-to-Face with Trade Policy; and EPA and IRS Among Issa's Top Targets.

House Passes Continuing Resolution but the Threat of a Government

Shutdown is Still Looming

Early Saturday morning, the House voted 235 to 189 in favor of H.R. 1, "Full-Year Continuing Appropriations Act, 2011". The vote was mostly along party lines with only three Republicans (John Campbell (CA), Jeff Flake (AZ) and Walter Jones (NC)) joining Democratic lawmakers in opposition of the bill. The continuing resolution (CR), which cuts $61 billion from spending compared with fiscal year 2010, would keep government operations funded through September when the current fiscal year ends....

President Obama Releases $3.7 Trillion Budget Proposal

Last week, President Barack Obama released his fiscal year 2012 (FY2012) budget. His proposed $3.7 trillion budget would reduce the deficit by $1 trillion over 10 years. The proposal presents a 2.7 percent decrease in overall spending from President Obama's FY2011 budget. Republicans immediately blasted the President's proposal, saying it contained entirely too much spending during a time when the deficit is at a record high. Democrats have been slow to warm up to the proposal, as many believe it raises many of questions as to the priorities of the Administration....

Party Politics Comes Face-to-Face with Trade Policy

What do you call a U.S. Federal Government initiative that has been succinctly introduced, relatively widely supported, and arguably well-coordinated with other job spurring initiatives in today’s constantly changing political and uncertain economic environment?

While it may sound like the punch line of an over-done Tea Party advertisement - interestingly, this is no political joke. The Obama Administration’s “National Export Initiative” (“NEI”), which was announced last January at President Obama's State of the Union address and implemented by Executive Order in March 2010, has survived and thrived over this past year of divisive partisan politics in Washington and now confronts new leadership in the House, just as the GOP is confronting shifting dynamics within its own party. Believe it or not, the NEI has been called a “bright spot” in a year of political turmoil and gridlock....

EPA and IRS Among Issa's Top Targets

Newly appointed Chairman of the House Oversight and Government Reform Committee, Rep. Darrell Issa (R-CA), has quite a busy schedule ahead of him over the next two years. The committee has released their agenda for the 112th Congress, which highlights a number of issues that they plan to investigate. According to the Chairman, the committee will hold numerous hearings, work with the Government Accountability Office (GAO), conduct investigations and evaluate their findings in order to create more jobs, stimulate the economy and minimize unnecessary burdens on small businesses. Chairman Issa has said his "hearings will cover multiple issues and agencies, looking for patterns that indicate where the government may have lost sight of its proper mission." Among the many listed in the committee report, Issa has said the EPA and the IRS are among his top targets. The list below includes the other issues that the committee plans to investigate....

Please see full newsletter below for more information.

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Published In: Administrative Agency Updates, Elections & Politics Updates, Finance & Banking Updates, Government Contracting Updates, International Trade 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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