House Moves Forward on Infrastructure, Reconciliation, Voting Rights

After much debate, the House of Representatives passed a budget resolution to move forward with the $3.5 trillion reconciliation package that focuses on a wide range of social programs, after agreeing to vote on the $1.5 trillion bipartisan infrastructure package by September 27th. The resolution passed on a party line vote. The House also passed voting rights legislation before adjourning the two day session to resume August recess. 

SLMA is working with its industry partners and through coalitions to track and influence provisions in the reconciliation package that could negatively impact SLMA members. Additionally, SLMA's tax counsel at Gomel, Davis and Watson, LLP will be providing updates for SLMA members as tax proposals in the reconciliation package become available.