Earlier today, the House passed the Senate’s amendment to the House-passed FY25 Budget Resolution, thus arming the two chamber’s dueling reconciliation instructions. With reconciliation now in effect, the two bodies can begin the process of fulfilling their respective instructions with legislative language from the committees that were instructed (view the House Budget Committee’s reconciliation process […]

This week will be among the most consequential to date for the Trump 2.0 Administration and the Republican-controlled 119th Congress. On Tuesday, the Commerce Department, Treasury, and USTR will release trade reports as mandated under the America First Trade Policy memo, setting the stage for the imposition of broad-based reciprocal tariffs on April 2 (aka “Liberation Day”). […]

This week marked yet another busy trade week for the Administration, with the successful confirmation and swearing-in of Howard Lutnick as Secretary of Commerce (Jamieson Greer will be confirmed as USTR this coming week), the President moving to defend U.S. companies and innovators from overseas policies it deems discriminatory and exploitive (e.g., DSTs, fines, practices, […]

While the flurry of activity in Washington has been primarily confined to the Executive Branch and the President’s executive orders, cabinet nominees, and the DOGE, Congress continues to spin its wheels on a path forward with reconciliation, with both House and Senate Republicans making their respective cases to the President directly today and over the […]

Earlier this week, Speaker Mike Johnson outlined his foreign policy approach in a speech at the Hudson Institute that was dubbed by the WSJ editorial board as “the most important speech of the week.”  On the same day, the RNC Platform Committee approved the 2024 GOP Platform, a document personally edited by former president Donald […]

Background It has been nine months since President Biden’s Executive Order (EO) finding that the People’s Republic of China (PRC) has engaged in advancing sensitive technologies that threaten U.S. national security. The President’s EO directed Treasury Secretary Yellen to issue an Advance Notice of Proposed Rulemaking (ANPR) to limit new investment in certain national security technologies (semiconductors, quantum computing, […]

Late last evening, the House Rules Committee reconvened and reported a rule providing for consideration of three security supplementals and the TikTok (and related items) “sidecar” bill: H.R. 8034, the Israel Security Supplemental Appropriations Act H.R. 8035, the Ukraine Security Supplemental Appropriations Act H.R. 8036, the Indo-Pacific Security Supplemental Appropriations Act H.R. 8038, the 21st […]

This week is shaping up to be one of the more consequential of the Congress, which is quite the statement given all that has transpired to date. Please see below for our latest state of play, with an emphasis on the House. Security Supplemental Package As has been reported and was detailed in our note […]