News & Analysis as of

Budget Control Act of 2011

Brownstein Hyatt Farber Schreck

U.S. Government Reaches Debt Limit: Current Landscape and Key Takeaways

On Jan. 19, 2023, the United States government reached its $31.4 trillion borrowing limit, which was signed into law (P.L. 117-73) by President Joe Biden on Dec. 16, 2021. Last week, Treasury Secretary Janet Yellen wrote to...more

McGuireWoods Consulting

Senate Acts to Avert Medicare Sequester Payment Reductions — House Needs to Act

In the nick of time, the U.S. Senate passed legislation on March 25, 2021, to delay a 2 percent across-the-board cut to Medicare through the rest of 2021. The vote was 90 to 2. Without the delay, all Medicare providers would...more

K&L Gates LLP

Congress and the President Strike a “Huuuge” Budget Deal: What It Means and Opportunities

K&L Gates LLP on

On August 2, 2019, the Bipartisan Budget Act of 2019 (P.L.116-37) (“BBA”) was signed into law. This bill amends the Budget Control Act of 2011 (P.L.112-25) (“BCA”) by raising discretionary spending caps for FY2020 and FY2021...more

Akin Gump Strauss Hauer & Feld LLP

What's New in Washington - June 2019

The summer season has arrived in Washington and things are heating up in the halls of Congress. A number of high priority legislative proposals ranging from health care to appropriations to patent reform to defense...more

Brownstein Hyatt Farber Schreck

Budget Control Act: FY20 Debate Will Soon Heat Up

Rumors are swirling about the terms of President Trump’s fiscal year (FY) 2020 budget submission to Congress, but one thing is for certain—the request will be at least a month late. This will delay consideration of other core...more

PilieroMazza PLLC

Weekly Update Newsletter - January 2019 #3

PilieroMazza PLLC on

GOVERNMENT CONTRACTING - According to Bloomberg Government, contract spending has grown by almost 6% per year over the past five years as federal agencies increasingly rely on government-wide contract vehicles and...more

Sheppard Mullin Richter & Hampton LLP

The Bipartisan Budget Act Boosts Medicare: Flexibility and Financing for Healthcare Plans and Providers

On Friday, February 9, 2018, President Trump signed the Bipartisan Budget Act of 2018 (the “Budget”), a two-year budget which, in significant part, made substantial revisions to Medicare, including the Medicare Advantage (MA)...more

Mintz - ML Strategies

Congressional Leaders Announce Two Year Budget Deal - Votes Still Needed This Week to Avert Government Shutdown

Mintz - ML Strategies on

With just one day left before the expiration of the current continuing resolution (CR) that is currently funding federal agencies, House and Senate leaders have announced a two year budget agreement that breaks the spending...more

Baker Donelson

With December Deadlines Approaching, Congress Considers Another Continuing Resolution

Baker Donelson on

With less than a month remaining before the December 8 deadline for adopting an appropriations deal and the December 15 deadline to lift the debt ceiling, it is increasingly likely that Congress will once again pass a...more

Baker Donelson

Congress and the White House Remain Divided over Fiscal Year 2018 Appropriations

Baker Donelson on

With the October 1 start of fiscal year 2018 coming closer, the White House, Senate and House remain far apart on the 12 regular appropriations bills that collectively fund the federal government. At this time, all parties...more

Baker Donelson

Washington, D.C. Update – June 2017

Baker Donelson on

Having returned from its Memorial Day recess, Congress now enters one of the longest continuous work periods of the year and – with the exception of the week of the Fourth of July – will likely be in session until the end of...more

Baker Donelson

Budget and Appropriations Proceeds Slowly

Baker Donelson on

Since President Trump's budget proposal was released last month, the budget and appropriations process has proceeded slowly, as Republican budget writers continue negotiations over how to approach modifying the 2011 Budget...more

Mintz - ML Strategies

ML Strategies 2017 Outlook: Appropriations & Budget

Mintz - ML Strategies on

The federal government is currently operating under a Continuing Resolution (CR) passed last December that extends funding for most federal agencies, programs, and services through April 27, 2017, while maintaining the...more

Bradley Arant Boult Cummings LLP

Update on Government Fiscal Issues Impacting Government Contractors

With the threat of a government shutdown avoided by Congress’ passage of a short- term Continuing Resolution on September 30, Congressional focus has turned to the debt ceiling, the spending caps imposed by the Budget Control...more

Baker Donelson

Washington, D.C. Update – October 2015

Baker Donelson on

House Leadership Elections: Republican House leadership changes remain in flux in the wake of Speaker John Boehner's (R-OH) decision to retire and the unexpected delay of the vote to select his successor. House Majority...more

King & Spalding

Pennsylvania Hospitals Challenge Medicare Advantage Plan’s Sequestration Adjustment

King & Spalding on

On September 22, 2014, twelve hospitals filed a complaint in a Pennsylvania state court against a Medicare Advantage plan, Highmark, Inc., along with its HMO subsidiary, for implementing a two-percent reduction to the...more

King & Spalding

Medicare Providers React To New Congressional Budget Deal

King & Spalding on

A recent Congressional budget deal, the Bipartisan Budget Act of 2013, would exclude hospitals from sequester relief. Medicare provider payment cuts would be extended through 2023, two years longer than the cuts set by the...more

Saul Ewing Arnstein & Lehr LLP

Automatic Reductions in Subsidy Payments for Certain Direct Pay Bonds will Continue for Fiscal Year 2014

Pursuant to the requirements of the Budget Control Act of 2011 and the American Taxpayer Relief Act of 2012, on March 1, 2013, President Obama signed an Executive Order reducing the budgetary authority in accounts subject to...more

King & Spalding

Appropriations Process Grinds to a Halt

King & Spalding on

While the House and Senate Appropriations Committees continue to mark up their respective versions of the FY2014 appropriations bills, this action masks deep divides between the House and the Senate. Both are operating using...more

King & Spalding

Appropriations and Sequester – Laying Down Markers

King & Spalding on

With no budget framework in place, the House and the Senate are both marching to their own drummers and producing appropriations bills based on spending levels detailed in their respective budget outlines....more

King & Spalding

The Congressional Appropriations Process – Rewriting the Rules

King & Spalding on

During the coming summer months, Congress will focus its attention on the appropriations process—an annual exercise that, ideally, ends with a determination of funding for the federal government for the following fiscal year...more

King & Spalding

CMS to Congress: Sequestration of Cancer Drug Reimbursement to Continue

King & Spalding on

A June 3, 2013 letter from CMS Administrator Marilyn Tavenner to Rep. Pete Sessions (R-Tex.) states that the agency does not believe it has any discretion under the Budget Control Act of 2011 to exempt Part B cancer drug...more

Dickinson Wright

Sequestration to Reduce Government Payments to Issuers of Certain Qualifying Bonds

Dickinson Wright on

March 2013 On March 1, 2013, $85 Billion in automatic reductions in federal spending occurred as mandated by federal law. The automatic budget cuts are known in the parlance of the Beltway as “sequestration.” For issuers of...more

Snell & Wilmer

SEQUESTRATION: Preparing Government Contractors for Uncertainty, Cut-Backs and Contract Termination

Snell & Wilmer on

Current reports from Congress suggest that “sequestration” will likely take effect as early as March 1, 2013. The sequestration is a key part of the Budget Control Act of 2011, which requires the federal government to...more

Cozen O'Connor

Health Care Reform Implementation Update - February 19, 2013

Cozen O'Connor on

Last week another marketplace deadline came and went, Illinois became the 21st state approved to operate a health insurance marketplace, and U.S. senators pressed the HHS official responsible for the bulk of exchange...more

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