There is still time to complete ASAE’s survey to build support for pandemic risk insurance legislation! Earlier this month, Congresswoman Carolyn Maloney (D-N.Y.) reintroduced the Pandemic Risk Insurance Act (PRIA) to establish a federal backstop for financial losses due to a future pandemic or public health emergency. This is an important step to help protect… Read more »

With government funding due to expire Dec. 3, House Democrats are leaning toward passing another short-term spending patch that would push a shutdown threat deeper into December Congressional appropriators have been trying to reach consensus over the dozen annual bills that dictate federal spending but are nowhere near a deal, meaning another stopgap spending bill… Read more »

Senate Majority Leader Chuck Schumer (D-NY) and Senate Minority Leader Mitch McConnell (R-KY) met yesterday to discuss plans to address the looming debt limit. The debt ceiling has become a politically volatile issue as Republicans blocked initial efforts to raise the debt limit through 2022 and have insisted that Democrats should own their own spending… Read more »

The House began debate today on the $1.75 trillion Build Back Better Act, with a vote on the package likely tonight or tomorrow. The timing of the vote depends on the Congressional Budget Office’s (CBO) release of the remaining pieces of its cost analysis. Moderate House Democrats have communicated to Speaker Nancy Pelosi (D-CA) that… Read more »

As reported in last week’s Inroads, Congresswoman Carolyn Maloney (D-N.Y.) reintroduced the Pandemic Risk Insurance Act (PRIA) to establish a federal backstop for financial losses due to a future pandemic or public health emergency. This is an important step to help protect our community and promote its ability to host events critical to our constituents,… Read more »

Congress has a full plate of must-pass legislation coming up, including legislation to fund the government and address the debt limit. Given Democrats’ focus on passing the sweeping $1.75 trillion Build Back Better Act, lawmakers are bracing for a busier-than-usual December. At the end of September, Congress narrowly avoided a government shutdown by passing a… Read more »

A worse-than-expected inflation report is complicating the Biden administration’s message that the inflation rate is temporary and driven by supply-chain backlogs resulting from the pandemic. A report from the Bureau of Labor Statistics (BLS) showed prices rose 6.2 percent in October compared with a year ago, which is the largest annual increase in 30 years…. Read more »

Leaders of the world’s biggest economies formally endorsed a global tax plan at a Group of 20 summit in Rome last weekend to address how “consumer-facing” digital giants like Apple, Google, Facebook and Twitter are taxed in countries where they have users. The plan was spearheaded by the Organization for Economic Cooperation and Development (OECD)… Read more »