|After the UK Brexit referendum of 23 June the implications on the political, economic and legal relations between the UK and the EU have been discussed from many angles. But what about...|
U.S. Congress Agrees to Two-Year Budget Deal
The agreement, H.J. Res. 59, would provide relief from the congressionally-mandated across-the-board spending cuts known as “sequester” while raising funds to pay for additional domestic and defense spending by increasing some fees and imposing minor changes to entitlement programs. The legislation provides $63 billion in sequester relief while reducing the deficit by about $23 billion.
The “Bipartisan Budget Act of 2013” sets discretionary spending for FY 2014, which began October 1, 2013, at $1.012 trillion – higher than House Republicans had sought but below the level Senate Democrats had hoped for. Discretionary spending in FY 2015 will be set at $1.014 trillion.
With this budget in place, House and Senate appropriators are expected to pass omnibus appropriations legislation to fund the government through September 30, 2014, before the current Continuing Resolution expires on January 15, 2014. With the FY 2015 spending caps also set, appropriators could return to regular order to pass the 12 appropriations measures necessary to fund the government next year.
The U.S. House and Senate have released their legislative calendars for the second session of the 114th Congress.Hogan Lovells' Legislation and Political Law Compliance practice is happy to ...01 December 2015
Austin, Texas is renowned for its live music scene, clean air, college vibe … and of course its technology conferences. Two Hogan Lovells Lawyers—Bret Cohen and Lisa Ellman—have made the...02 September 2015