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TRP’s Rosenstock Discusses ‘Cromnibus’ Negotiations

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Investment News posted an article quoting Thorn Run Partners' Jason Rosenstock.  The online publication, which dives into the investment world, was parsing out industry news from the so-called Cromnibus.  “It's going to be one of those high-level negotiations between the big four House and Senate leadership," said TRP's Jason Rosenstock. Mr. Rosenstock was commenting on riders that could be included in the large appropriations bill to "effectively stop a Department of Labor rule designed to expand the number of financial advisers who must act as fiduciaries to retirement plans, including brokers who sell individual retirement accounts."

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TRP Health Policy Report

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Last Thursday, the House voted to bar the executive branch from deferring the deportation of undocumented workers, taking its first direct action against President Obama’s executive actions on immigration. The 219-197 vote was largely symbolic, as Senate Majority Leader Harry Reid (D-NV) has said he won't take up the bill (H.R. 5759) and the White House has threatened a veto. The vote was intended to help Speaker John Boehner (R-OH) move a bill this week that would fund most of the government through next September and avoid a government shutdown. Also on Thursday, the House approved a $585 billion National Defense Authorization Act (NDAA) bill in a 300-119 vote. The legislation (H.R. 3979) now heads to the Senate, where it is expected to be approved before the lame-duck session adjourns on Friday.

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TRP Financial Services Report

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Once again Friday’s jobs number came in significantly higher than expectations.  While the Bloomberg survey of economists predicted an increase of 230,000 the BLS reported that the American economy added 321,000 plus added upward revisions from the previous two months totaling another 44,000 jobs.  While the unemployment rate remained unchanged at 5.8 percent, this marked the 50th consecutive month of positive job growth.   The news, along with dropping oil prices, drove the stock market to near record highs. 
 
At the same time, Senator Landrieu’s loss on Saturday only served to reconfirm that Democrats were unable to convince the American public that their policies were responsible for the economic turnaround.  One reason could be the soft underbelly of this report, which despite the great headline number, showed a skewering towards part time rather than full time jobs.   

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E&C Panel Supports Extended CHIP Funding

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Today, at a House Energy and Commerce Subcommittee on Health hearing, bipartisan support emerged for an extension of Children’s Health Insurance Program (CHIP) funding beyond Sept. 30, 2015, while members examined policy issues that could be addressed in any funding measure.  While Democrats were especially eager to express their support for a funding extension, pointing to legislation introduced by Rep. Frank Pallone (D-NJ), Republicans praised the program in equal measure, encouraging quick action to ensure continued federal support and highlighting the need for state legislatures to approve budgets early next year.  In a wide-ranging discussion, Members and witnesses differentiated CHIP coverage from Marketplace Qualified Health Plans (QHPs), examined potential gaps in coverage if funding were allowed to expire, and discussed the CHIP program’s successes and “core mission.”
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TRP Health Policy Report

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The House and Senate were in recess last week for the Thanksgiving holiday. During an otherwise quiet week, last Friday saw Senate Democrats increase their leadership ranks to include Sen. Mark Warner (D-VA), who will serve as a policy development adviser to the Democratic Policy and Communications Committee. Warner said he will use his new seat to assure Democratic centrists their views are represented in leadership meetings. Senior Democrats said the Virginia Senator will serve as a counterweight to Sen. Elizabeth Warren (D-MA), who has built a spirited following among the party’s liberal base. 

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TRP Health Policy Report

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Last week saw the Keystone XL oil pipeline and President Obama’s executive action on immigration take center stage in Washington. The Senate on Tuesday narrowly defeated legislation (S. 2280) that would have approved the Keystone XL pipeline, delivering a political setback to Sen. Mary Landrieu (D-LA) in her Dec. 6 runoff race against challenger Rep. Bill Cassidy (R-LA). The vote was 59-41, falling just shy of the 60 needed to pass the legislation. Also on Tuesday, the Senate rejected a measure (S. 2685) to reform the National Security Agency's surveillance program in a 58-42 vote, with 60 votes needed to advance. Senators also approved a series of judicial and executive branch nominations. With Republicans taking control of the upper chamber in January, Democrats are looking to clear as many of President Obama’s nominations as possible before the end of the year.

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TRP Financial Services Report

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President Obama’s Executive Order on Immigration certainly stirred the rhetorical pot.  Its impact on the political environment is still to be determined.  Certainly it may impact the end of the year spending bills – though then again, it may not.  We continue to hear that the Chairs of the Appropriations Committee, and House and Senate Leadership support an omnibus appropriations bill – but whether all the pieces can come together in the week that Members of Congress return from Thanksgiving remains TBD.      What is clear is that once Republicans take control of the entire Congress in 2015 their rank and file members are eager to keep immigration on the front burner.  What that means and more importantly, how impacts other issues on the agenda, such as tax reform or Dodd-Frank Reform will become clearer in the New Year. 

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The Hill: TRP Snags Rich White, Known for ‘Bipartisan Relationships’

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A new article in The Hill highlights the addition of Thorn Run's ninth partner, Richard White.  He joins Thorn Run from the firm of Roberti & White, where he was a founding partner. According to the article, "White has forged bipartisan relationships during his nearly 20-year advocacy career, [but] is known for his connections to Senate Republicans."  His clients have run the gamut from small biotech and medical device firms, large PhRMA companies, hospitals and medical specialty groups, to Fortune 500 companies, including one of the world’s largest insurance groups.

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Rich White Joins Thorn Run Partners

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Senior Republican Lobbyist Named Ninth Partner at One of Washington’s Fastest Growing Firms

For immediate release: November 17, 2014

Contact: Andy Rosenberg, 202-247-6301
 
Thorn Run Partners (TRP) announced today the addition of veteran lobbyist, Richard White, as Partner. Rich joins Thorn Run from the firm of Roberti & White, where he was a founding partner.
 
“We would be ecstatic to add someone of Rich’s caliber to our team under any circumstance,” stated TRP’s founding Republican partner Chris Lamond, “but we are especially excited to boost our Republican reach as the GOP takes over the Senate. Rich is a stellar addition to our team.”

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TRP Federal Clean Technology and Renewable Energy Update

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After nearly two months on the campaign trail, Congress returned last week for new member orientation, leadership elections and a smattering of legislative business. The leadership elections offered few surprises, as Sens. Mitch McConnell (R-KY), Harry Reid (D-NV), and Rep. John Boehner (R-OH) all received their caucus’s endorsement to lead their party in the 114th Congress. McConnell was unanimously named to serve as majority leader when the new Congress convenes in January, while at least six Senate Democrats reportedly opposed Reid in the secret-ballot vote. House Speaker Boehner easily advanced to his post following a GOP wave election that effectively silenced any opposition to his leadership. House Democrats will hold leadership elections this week, where Minority Leader Nancy Pelosi (D-CA) seeks re-election unopposed. Perhaps the only notable addition came from the Democratic leadership, where Sen. Elizabeth Warren (D-MA) was elevated to the newly created position of Strategic Policy Advisor to the Democratic Policy and Communications Center (DPCC).  

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