Search

The Republicans' return to Congress was marked by the introduction of ten measures embodied in the 'Contract with America' plan. The latter, which was signed by over 300 Republican candidates prior to the Nov. 8, 1994 elections, will have a significant impact on the chemical industry. The two bills which are likely to change how the industry operates are the Job Creation and Wage Enhancement Act and the Common Sense Legal Reforms Act.

Executive Summary: Two powerful House members were able to work out their differences and balance antitrust principles with the need for public interest oversight to pass the first balanced telecommunications [...]

The shares of American Express fell 13 percent due to a shortfall in their earnings due to spending cut backs from their rich clients. Fannie Mae and Freddie Mac are the remaining source of mortgage liquidity and these companies are about to be helped by the housing bill passed by the House of Representatives.

The House and Senate Democrats adopted fiscal 2009 budget resolutions by a narrow margin, with spending bills exceeding President Bush's budget request. Facing a House-Senate conference and a possible presidential veto, they are likely to take further action on the bills only after the general elections when the next president takes office.

The House and Senate are set for a budget debate with both the House and Senate Budget Committees approving separate fiscal 2009 draft resolutions. Although both draft resolutions exceed President Bush's request for domestic spending, they differ on how the one-year 'patch' on the alternative minimum tax (AMT) will be paid.

Democratic appropriators in January 2007 kept their promise to finish the nine leftover fiscal 2007 appropriations bills in a single, yearlong continuing resolution. House Republicans complained about the substance of what they described as an omnibus bill, and the process, which did not allow them to offer any floor amendments, yet 57 of them voted for passage.

The trade community is looking for leadership from the government, and it isn't finding it. Six months after the Sept. 11 terrorist attacks, those involved in import-export trade recognize that [...]

The House plans to vote Tuesday on a bipartisan securities law reform bill after its sponsors unexpectedly agreed last week to modify the measure to include a proposal to reduce [...]

This article was reported by Martha Canan, Stephen A. Davies, Heather Ann Hope, Lynn Stevens Hume, Joanne Morrison, and Joan Pryde and was written by Ms. Pryde. WASHINGTON -- The [...]

Executive Summary: Voters have an opportunity in November to determine how the Senate may consider advancing the telecommunications industry, one of the nation's fastest-growing segments. Critical midterm elections Nov. 8 [...]

Executive Summary: There was only a handful of dissenters in the House of Representatives, which voted overwhelmingly to support telecom reform legislation. One who spoke out, Rep. Thomas Petri (R-Wis.), [...]

Executive Summary: A last-minute agreement between two powerful House chairmen puts important telecommunications legislation before the full House of Representatives for an historical vote on Tuesday. Last-minute agreement by two [...]

President Clinton, with an eye on a crucial Nov. 17 vote in the House, on Nov. 1 began an intensive lobbying campaign to secure passage of the North American Free [...]

If the controversial gasoline marketing legislation now before Congress, HR 2966, is enacted into law, the likely result would be higher prices for gasoline, possible disruption of petroleum supplies and [...]

Agents At Square One After House Defeats Banking Bill WASHINGTON--In a stunning series of events, the House of Representatives voted overwhelmingly to kill legislation that would have severely limited bank [...]

Sen. Tom George, R-Kalamazoo, surprised many last week when he proposed to grant a subsidiary of Blue Cross Blue Shield of Michigan the right to sell automobile, life and other [...]

State House introduces film-industry stimulus bills A long-brewing package of incentives to boost Michigan filmmaking heads for committee this week. House Bills 5841-5856 are intended to give Michigan the most [...]

WASHINGTON - The economic stimulus package that President Bush and Congress are quickly rolling out should include programs that help both businesses and consumers, especially those with the lowest incomes, [...]

The IDA Option: A Trend Toward Self-Determination Last year one of our clients, a large personal services firm, faced a dilemma: its owner members had for several years actively used [...]

WHILE THE OVERNIGHT 'SLUMBER PARTY' in the Senate made headlines Tuesday night, a vote that night in the House on an amendment to the Department of Labor appropriations bill was [...]

The House late Wednesday approved legislation that would reform the Committee on Foreign Investments in the United States. The bill is now headed to President Bush for his signature. It [...]

The House of Representatives has passed HR 698, legislation that is intended to prevent companies that receive more than 15% of their revenue from 'commercial activities' from owning a Utah [...]

WASHINGTON -- The House was expected to easily pass a bill late Monday that would bar commercial firms from owning industrial loan companies. But the bill, which also would put [...]

WASHINGTON -- Though the House is expected Tuesday to pass a bill to reform the regulation of the government-sponsored enterprises, the legislation's future is cloudier than ever. Lawmakers spent eight [...]

Heads are still shaking in bewilderment over the House's provision in the SAFE Port Act calling for 100 percent inspection of inbound ocean containers. Had they not been listening? Had [...]

The House is expected to vote today on a financial netting improvements bill sponsored by Rep. Patrick McHenry, R-N.C. The bill would make technical corrections to the Federal Deposit Insurance [...]

Senate leaders began taking steps Thursday to unanimously approve the Financial Services Regulatory Relief Act. The House approved the bill, sponsored by Sen. Mike Crapo, R-Idaho, by a vote of [...]

Pension Reform HR 4 The Senate passed a pension reform bill by a vote of 93 to 5 on Aug. 3. The bill would increase a host of tax-free savings [...]

The House is expected to vote next week on legislation to halt the flow of funds to Internet gambling companies. After weeks of negotiating differences in competing bills introduced by [...]

WASHINGTON -- Critics are hoping a House hearing next week will pressure regulators to reject Wal-Mart Stores Inc.'s effort to own an industrial loan company -- and lay the groundwork [...]

WASHINGTON -- The Senate Banking Committee is scheduled to vote on a regulatory-relief bill Thursday that appears aimed at avoiding controversial issues raised by similar House legislation. Absent from the [...]

The regulatory relief bill the House passed this month holds particular promise for federally chartered thrifts. The legislation aims to ease the compliance burden for community banks, thrifts, and credit [...]