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Top Three 11/10/17

Nov 09, 2017

1. The House Ways and Means Committee completed its work on H.R.1, the Tax Cuts and Jobs Act. Before passing the legislation out of committee by a party-line vote of 24-16, Chairman Kevin Brady (R-TX) offered a second manager’s amendment, the text of which is here and a section-by-section summary is here. Meanwhile the Senate Finance Committee introduced a summary draft and detailed description of their version of the bill. There are several major differences between the House and Senate bills detailed in this PowerPoint we have prepared.
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2. NECA sent a letter of support for H.R.3043 the Hydropower Policy Modernization Act of 2017, which was introduced by Conference Chair Cathy McMorris Rodgers (R-WA). This bill would allow the Federal Energy Regulatory Commission (FERC) to consolidate the multiagency licensing process for hydropower projects. Additionally, the bill would speed the consideration of hydropower applications and would increase to 15 percent, from 7.5 percent, the share of electricity used by the federal government that should come from renewable sources, including hydropower.
NECA's Look Ahead »

3. As a member of the Transportation Construction Coalition, NECA sent a letterto the Senate Finance committee in support of maintaining the tax-exempt status for Private Activity Bonds (PABs). NECA also submitted formal comments to the Federal Highway Administration in support of the proposed repeal of requirements for carbon dioxide (CO2)-based greenhouse gas (GHG) performance measurement and management.
NECA's Look Ahead »