Month: May 2015

The Hill: TRP Shows ‘Massive Growth’ in 2015

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A new article in The Hill highlights Thorn Run Partners (TRP) as one of Washington's fastest growing lobbying shops, pointing to the firm's "massive growth" over the last year.  Citing recent analysis from Bloomberg Government, the article notes that TRP has shown a relatively high rate of client retention, and since 2010 "has grown from a two-person shop into a 20-person firm." As TRP founding Partner Andy Rosenberg explains in the article, "our firm is largely made up of refugees from bigger firms, and what we love about our boutique mentality is that we're not locked into a cost structure that requires that we look at every challenge as a nail just because we've got a really expensive hammer."

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Bloomberg Government: TRP Displays ‘Impressive Performance’ in 2015

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According to the latest analysis from Bloomberg Government, Thorn Run Partners (TRP) is among 10 elite lobbying firms that displayed "impressive performance" in the first quarter of 2015.  Bloomberg's analysis spanned hundreds of lobbying firms and over 2,000 data points, comparing information ranging from "accretive growth" to "solid client servicing."  Since it's founding in 2010, TRP has consistently ranked among Washington's fastest growing lobbying firms according to analysis from Politico, The Hill, Bloomberg Government, and others. 

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TRP Financial Services Report

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The update comes to you a day late as we were quiet observing the Memorial Day Holiday.  With both the House and Senate in Recess this week, lobbyist and staff get a chance to catch their breaths and prepare for the next five weeks – which are shaping up to be busy on a number of fronts, but especially for those involved in the Ex-Im battle as the June 30th deadline is fast approaching.  

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TRP Health Policy Report

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Last week, the Senate voted to pass fast-track trade legislation by a vote of 62-37, handing President Obama a major policy victory.  Senate approval sets up a bruising fight next month in the House, where the fate of the President’s “trade promotion authority” is far from assured.  During debate in the Senate, Majority Leader Mitch McConnell (R-KY) won the support of several pro-trade Democrats by promising them a vote next month on an amendment reauthorizing the Export-Import bank, which expires on June 30. Also, before adjourning for the Memorial Day recess, the upper chamber approved a House-passed measure that would give Congress additional time to identify a long-term solution to fund federal highway projects.  The bill authorizes infrastructure projects until July 31, at which point the Highway Trust Fund will have exhausted all of its funds. 

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TRP Financial Services Report

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Looking Ahead

Near Term

  • The Senate will continue to debate Trade Promotion Authority as it races to complete consideration of the bill by the end of the week.  Will the jet fumes of a Memorial Day recess week be enough incentive to smooth out any outstanding bumps in a bill that continues to divide Democrats?
  • The House will take up a series of suspension bills before turning to a short-term fix for the Transportation bill as well as another uncontroversial spending bill.
  • FSOC meets on Tuesday to consider its 2015 annual report and then in a closed session focused on resolution plans for bank holding companies. 
     

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TRP Financial Services Report

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In the past weeks Congress has passed the SGR fix, the budget resolution and the House is roughly 1/6th of the way finished with getting through its appropriations work.  To the casual observer it might seem like the institution is finally working.  However, perhaps the better analogy is that Congress is like a duck.  On the surface it appears to gliding effortlessly, but under the surface it is churning and paddling.  Take the appropriations bills for example, although the House was, after a brief hiccup, able to pass two bills last week, both were passed under threat of veto, and ultimately didn’t attract enough Democratic support to override.  In addition, Senate Democrats have made it clear they will block all spending bills that lock in the sequestration-level spending caps.  All this means that we might be heading towards another government shut-down in October – just in time for government funding to once again get comingled with the need to raise the debt limit.   
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TRP Health Policy Report

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Last week, Congress opened debate on an Iran nuclear deal, created a unified budget blueprint, passed two appropriations bills and introduced legislation to repeal the ‘Cadillac Tax.’ Senate Majority Leader Mitch McConnell (R-KY) has brought to the Senate floor an Iran nuclear bill for amendment consideration. Separately, the House passed a Republican Party budget blueprint by a vote of 226-197. The legislation sets the funding priorities for Congress in 2016. The budget calls for cutting $5.3 trillion to balance federal receipts and expenditures over nine years. It would also provide Congress with the ability to use reconciliation procedures to circumvent filibusters by Senate Democrats to pass policy changes, which could include a repeal or revision to the Affordable Care Act (ACA).  Further, the House passed the first two spending bills for FY 2016—Energy and Water Development and Military Construction-Veterans Affairs—by a vote of 240 to 177 and 255 to 163 respectively. The President has issued a veto threat for both pieces of legislation. House Democrats also unveiled legislation to repeal the ACA’s "Cadillac tax" on high-cost healthcare plans. Lawmakers argue that the tax unfairly targets individuals who live in more costly regions of the U.S., such as the Northeast and the west coast. 

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