In late July the House Financial Services Committee made tentative plans to consider legislation to regulate stablecoins and require the Federal Reserve to study development of a central bank digital currency. A draft proposal reportedly had the bipartisan support of Chairwoman Maxine Waters (D-CA) and ranking Republican Patrick McHenry (R-NC). However, last
The legislative process is never straightforward, and this weekend’s news about Sen. Joe Manchin opposing the Build Back Better Act (BBB) is the latest proof. But despite what you may be hearing, there is still a potential path forward for the bill, albeit likely in a scaled down form.
With the possibility of a smaller
“There won’t be an infrastructure bill unless we have a reconciliation bill. Plain and simple.” — U.S. House Speaker Nancy Pelosi, June 24, 2021
What’s happening on infrastructure? On August 10th, the U.S. Senate passed a bipartisan infrastructure package (the Infrastructure Investment and Jobs Act) by a vote of 69 to 30. The
On March 31, 2021, President Biden released details on the American Jobs Plan, which provides funding for infrastructure, clean energy, innovation and R&D, manufacturing and workplace support, and the caregiving economy. The package also includes revenue increase proposals to partially offset the new initiatives. Here is a summary of the amounts proposed in each major
GT Government Law & Policy Shareholder Rob Mangas is quoted in a March 10 Bloomberg Businessweek article, One Name for Build Back Better Is ‘Infrastructure-Plus-Plus’.
“In my first appearance before a joint session of Congress, I will lay out my Build Back Better recovery plan. It’ll make historic investments in infrastructure, that Build Back Better plan. Infrastructure, manufacturing, innovation, research, and development, and clean energy, investments in a caregiving economy and skills and training needed by our workers to be