...to impact those races. If the GOP wins both seats, they will continue to control the U.S. Senate, will set the Senate agenda, and act as a counterweight to the Democrats in the White House and in control of the House.
The GOP stands to pick up several seats in the House, defying political prognosticators. That may give more power to moderates in both parties in the House, who will be in play to move legislation.
The leaders of the congressional committees most of interest to ACRA members---tax, environmental, commerce, transportation---will not change much in 2021, although the ranking GOP position on the House Energy and Commerce Committee is open and will be filled in January.
Key 'Lame Duck' Actions
The Senate is back in town this week and the House is scheduled to return next week. Funding for the federal government runs out on Dec. 11 and the president and Congress will need to agree on a package to keep the government running for perhaps six months---time to permit the new administration to get its legs and put new senior staff in place.
Biden has indicated a new COVID relief and economic stimulus package is a priority before the end of 2020 and undoubtedly, he will be working with House and Senate leaders on a “4.0” bill in November and December.
Details to follow---be assured ACRA will continue to push its 4.0 policy priorities, including MAG relief, expansion of the PPP program and a cleaning tax credit, as these negotiations continue.