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TRP’s Lamond and Rosenberg Outline the Year Ahead for Roll Call

This morning Roll Call featured an article on the implications of the election and lame duck session for government affairs, featuring insight from Thorn Run's Chris Lamond and Andy Rosenberg. Lamond highlighted a top concern for industry should real estate mogul Donald Trump win the presidency: free trade. "Trade seems to be one of Trump's top issues and could be something he leads with should he become elected," said Lamond. "We're trying to think through how that might impact agreements that our clients care about." Meanwhile, Andy Rosenberg noted the possibility of regulation, even as Congress experiences an extended recess this summer. "There's a real push to get guidance and rules out while they can," said Rosenberg. "Then there's a push on our part to anticipate those and to support or thrwart those efforts."
 

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Rosenstock Analyzes ‘FinTech’ Regulation for Politico’s Morning Money

In this morning's edition of Politico "Morning Money," Thorn Run's Jason Rosenstock provided an in-depth analysis of the effect Consumer Financial Protection Bureau (CFPB) regulations intended for small-dollar lenders could have on the emerging financial technology, or FinTech, sector. As Rosenstock explains, given increasing attention from Congress and a pending request-for-information from the Department of the Treasury, "the industry is right to think dramatic changes are on the horizon."

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Health Policy Report

The Week in Review
 
Ahead of their brief recess this week, last week lawmakers in the Senate tried to complete the first appropriations measure of the year, while the House considered a set of financial services bills and a resolution disapproving of a recently finalized Department of Labor (DOL) rule.

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Breaking Down the MACRA Proposed Rule

This post, penned by Thorn Run's Billy Wynne, Katie Pahner, and Devin Zatorski, originally appeared in Health Affairs Blog.

The mother ship has landed. On Wednesday, April 27, the Centers for Medicare and Medicaid Services (CMS) released the highly anticipated proposed rule that would establish key parameters for the new Quality Payment Program, a framework that includes the Merit-based Incentive Payment System (MIPS) and Alternative Payment Models (APMs). These policies were established by the latest, permanent ‘doc fix,’ the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA).

For additional background, please refer to recent Health Affairs Blog posts on MACRAMIPS, andAPMs, as well as a comprehensive brief on MACRA. This post briefly outlines the key elements of the proposed rule.

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Today on the Hill: Energy-Water Bill Stalls Over Iran Amendment; House to Vote on Fiduciary Rule Disapproval

Senators today will try to break a partisan impasse that has held up the Energy and Water Development spending bill (H.R. 2028) before leaving for a week-long recess. The controversy comes over an amendment submitted by Sen. Tom Cotton (R-AR) that would thwart a recently struck deal for the United States to purchase heavy water – a form of water used in the certain nuclear reactors – from Iran. While the purchase is unrelated to last year’s comprehensive nuclear agreement with Iran, Democrats have labeled Cotton’s proposal as a “poison pill” and the White House has said it would veto the spending bill if the Iran language were included.

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Today on the Hill: Energy Approps, Angel Investors, Tariff Revisions

The Senate is moving toward finishing an Energy and Water Development spending measure, with a cloture vote scheduled on a substitute amendment (#3801) to the legislative vehicle for the bill (H.R.2028). The underlying measure would provide $37.5 billion for the Energy Department, Army Corps of Engineers, parts of the Interior Department and other agencies. That’s $355 million more than was allocated in fiscal 2016 and $261 million more than Obama requested.

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Today on the Hill: Energy Appropriations in the Senate; 14 Noncontroversial Votes in the House

The Senate is set to resume consideration of a $37.5 billion fiscal 2017 appropriations bill that would fund the Energy Department and government water projects, including the operations of the Army Corps of Engineers. Majority Leader Mitch McConnell (R-KY) moved to wrap up debate on the measure, filing cloture yesterday on the substitute amendment and the underlying bill. The cloture vote on the substitute amendment is set for tomorrow unless an agreement is reached to move it earlier. The Senate has agreed to vote today on amendments related to wind energy (No. 3812), water management (No. 3805), and Army Corps of Engineers construction funds (No 3820). The underlying measure would provide $37.5 billion for the Energy Department, Army Corps of Engineers, parts of the Interior Department and other agencies. That’s $355 million more than was allocated in fiscal 2016 and $261 million more than President Barack Obama requested. A pilot nuclear waste storage facility would be authorized under the measure.

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Financial Services Report

Looking Ahead

Near Term

  • The House will consider a series of Financial Services related measures this week, including H. J. Res. 88, that would disapprove of the Department of Labor’s (DOL) recently finalized conflict of interest rule for financial advisers. Additionally, a bill to help startup companies enjoy greater access to angel investors (H.R. 4498), and another that would revise the process for cutting duties on imports of manufacturing resources (H.R. 4923) are scheduled to be voted on.
  • The Senate will bring its first appropriations bill to the floor this week as it considers and aims to complete work the Energy and Water Development spending bill (H.R. 2028) before hopefully moving on to the Commerce-Justice-Science funding bill. 

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This Week on the Hill: House Moves Against DOL Fiduciary Rule as Senate Continues Approps Work

Both chambers are in session this week, with the House looking to roll back the Labor Department’s recently finalized fiduciary rule and the Senate continuing its early work in the appropriations process. The latest fight between the lower chamber and the Administration comes over a new Department of Labor (DOL) regulation intended to ensure that retirement advisers are working in their clients’ best interest. Opponents of the rule argue that its requirements are overly burdensome and will limit consumer access to financial advice. The House will debate a joint resolution of disapproval (H.J. Res. 88) under Congressional Review Act procedures to prevent the rule from taking effect next year. House lawmakers also plan to consider measures expanding access to angel investors (H.R. 4498) and extending the District of Columbia’s school voucher program (H.R. 4901), the latter of which is a legacy of former Speaker of the House John Boehner (R-OH).  

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Health Policy Report

The Week in Review

After two weeks of negotiation, the Senate finally finished work on a reauthorization measure for the Federal Aviation Administration (FAA) last week, before moving on to a comprehensive energy bill and the first appropriations bill – Energy and Water Development – to reach the floor of either chamber. The House, meanwhile, spent a week considering measures to curb the Internal Revenue Service (IRS) in connection with the country’s annual tax-filing deadline.

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