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Financial Services Report

Our Take

This weekend marked the one-year anniversary of the Trump Administration.   To quote those great American poets, what a long strange trip it’s been.  The President campaigned on running our government in a very different manner and he certainly has delivered.  This past weekend saw funding for the federal government run out due to intense partisan bickering over immigration and massive protests occurring around the country.  Amid all of this, it was nice to see just a little bit of normalcy.

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Health Policy Report

The Week in Review

Partisan rancor over government funding and immigration came to a boil last week, as lawmakers were ultimately unable to come up with an agreement to avoid the first lapse of government funding since 2013. While the House managed to pass a one-month continuing resolution (CR) — including a 6-year reauthorization of the Children’s Health Insurance Program (CHIP) and delays of certain Affordable Care Act (ACA) taxes — that funding bill fell well short of reaching the 60 votes necessary to avoid a government shutdown.

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TRP Engage Featured by O’Dwyer’s PR News

Yesterday, O'Dwyer's PR Newsa leading publication for PR and marketing communications firms, covered the launch of TRP Engage — Thorn Run's proprietary platform of customized communications tools designed to help clients better accomplish their government relations objectives. "TRP Engage is the product of a decade’s worth of listening to clients and developing a mix of communications capabilities that empower them to succeed at government relations,” said TRP co-founding partner Andy Rosenberg. “We help solve organizations’ strategic communications needs in a variety of ways, either serving as a standalone public relations firm or as an enhancement to our advocacy or policy work.

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Thorn Run Partners Launches New Strategic Communications Platform: TRP Engage

TRP Engage manifests the firm’s unique approach to efficiently employing impactful communications services and capabilities to supercharge clients’ government relations efforts.

Thorn Run Partners (TRP) (thornrun.com) today announced the launch of TRP Engage, a proprietary platform of customized communications tools designed to help clients better accomplish their government relations objectives. Whether pursuing direct policy advocacy, seeking to influence key decision makers, or standardizing the flow of communication to internal or external stakeholders, TRP clients benefit from this sophisticated package of communications tactics and capabilities.

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Health Policy Report

The Week in Review

Both chambers began their 2018 legislative work in earnest last week with the top headline being the ongoing funding negotiations to keep the government open past Jan. 19. Despite fervent behind-the-scenes discussions between lawmakers and White House officials for a long-term omnibus to set funding for the remainder of the fiscal year, Republican leaders signaled last week that the passage of another stopgap spending bill will be needed to keep the government running beyond Friday.

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Today on the Hill: Another CR Seems Likely as Immigration Divide Continues; House to Hold FISA Fight

Despite fervent behind-the-scenes negotiations in Congress, the passage of another stopgap spending bill to keep the government funded past Jan. 19 is growing increasingly likely. This is primarily due to the contentious split on immigration and the deferred action for childhood arrivals (DACA) program as rank-and-file members in both parties appear to have drawn lines in the sand over what can be included in any compromise. A rumored continuing resolution (CR) would provide funding through the Presidents’ Day holiday next month and include similar short-term fixes for the program deadlines tied to the funding bill, such as the National Flood Insurance Program (NFIP). While many budget hawks will have serious hesitations about voting for another short-term extension, it seems the most likely outcome given that the current continuing resolution is due to expire in just over a week.

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Today on the Hill: Azar Appears Before Senate Finance Committee, Funding Negotiations Continue to Stall

Government funding negotiations continue to stall, as congressional Republicans and While House officials are growing increasingly skeptical that a long term budget agreement will be reached in the next 11 days.  Party leaders from both sides of the aisle have been working to raise stiff spending caps before the Jan. 19 deadline, yet Democrats and Republicans are still far apart on many key issues — most notably, border security and immigration provisions. President Trump has renewed calls that his proposed border wall be included in any deal over the Obama-era Deferred Action for Childhood Arrivals (DACA) program, which Trump is ending in March. Democrats, who are pushing to include protections for young immigrants in a spending bill, say that a border wall is a non-starter for them. With no agreement in sight, it likely means that another short-term continuing resolution (CR) will be needed to keep the government open.

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Politico’s “Morning Money” Tipsheet Cites Jason Rosenstock’s Comments on 2018 Legislative Activity

This morning's "Morning Money" tipsheet from Politico featured comments from Thorn Run’s Jason Rosenstock on what sort of legislative activity we could see from Congress in 2018. Rosenstock astutely notes that while there is potential  for “big swing” legislation such as infrastructure, the compressed 2018  legislative calendar and the upcoming mid-term elections make it more likely that Congressional Republicans will be looking to pass "small ball" bills that can generate broad bipartisan support. “This will be especially true in the House, where there is a palpable, growing fear that there could be a flip in November," said Rosenstock. "Possible agenda items for this strategy could include other areas of financial services regulatory relief, as well as a data breach bill, CFIUS reform and possible housing reform and flood insurance.”

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Financial Services Report

Our Take

Welcome to 2018! 

Hard to believe but there are only 303 days between now and the mid-term elections.   As has been the case of late, Congress starts the year looking to finish many of the issues that were punted at the end of last year – such as a long-term funding bill, a DACA fix, disaster relief, and CHIP funding.   Once those are dealt with Congress can immediately turn to its 2018 agenda, and while the conventional wisdom holds that not a lot can be done in an election year, it seems that like its predecessor, 2018 could shape up to be an unconventional year.  

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This Week on The Hill: Slow Progress in Funding Talks; House Starts 2018 Session

Both chambers will convene this week to start their 2018 legislative work in earnest. Most policy attention will focus on funding negotiations to keep the government open past Jan. 19, with disaster aid emerging as a new divisive issue between the two parties. The House passed an $81 billion relief package before the holidays, but Senate Democrats are opposing that measure in the upper chamber over concerns that it doesn’t provide enough support for disaster-struck areas, most notably Puerto Rico. Republicans have accused the minority of slow-walking desperately needed aid, adding another wrinkle to the funding debate with just two legislative weeks left before the next government shutdown deadline.

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