Week InAdvance September 22, 2014


Relevant Congressional Activity  |  Relevant Agency Activity

Both chambers of Congress are in recess and hitting the campaign trail ahead of the November midterm elections. Lawmakers are not slated to return to the Capitol until Nov. 12. Upon their return for a lame-duck session, work is expected to focus on appropriations, reauthorizations of defense and intelligence operations and extensions of several dozen tax breaks ("extenders"). The political dynamics for these and other legislative priorities will be impacted by the outcome of the elections, especially given the possibility that Republicans will take over the majority of seats in the Senate come 2015.

Meanwhile, the continuing resolution passed in both chambers last week to fund the government beyond Sept. 30 will expire on Dec. 11 - less than one month after Congress is set to return and only a couple of weeks before the end of the year and the end of the 113th legislative session.

Please see below for further detail on these events and others in Washington this week. 

RelevantCongressionalActivityRelevant Congressional Activity


The Senate and the House are in recess.


RelevantAgencyActivityRelevant Agency Activity

Securities and Exchange Commission


On Wednesday, Sept. 24, the SEC will hold a closed meeting to discuss institution of injunctive actions, settlement of injunctive actions, institution settlement of administrative proceedings, and other matters relating to enforcement proceedings. 


Other Activity


Business Tax Reform and Economic Growth: An Address by Jason Furman

On Monday, Sept. 22, NYU Law School will host an address delivered by Jason Furman, the chairman of the president's Council of Economic Advisors (CEA), on business tax reform and economic growth.

International Tax Panel: OECD and BEPS Recommendations

The D.C. Bar is hosting a discussion Sept. 24 on the recently released set of recommendations from the Organisation for International Economic Co-operation and Development (OECD) to address tax avoidance and base erosion on a global scale. The first set of OECD recommendations includes provisions related to hybrid mismatch arrangements, tax treaty abuse, and intangibles. Panelists include:

  • Michael McDonald, Financial Economist, Office of Tax Analysis, U.S. Treasury
  • Philip Morrison, McDermott, Will & Emery LLP
  • Michael Plowgian, KPMG
Robert Stack, Deputy Assistant Secretary for International Tax Affairs, U.S. Treasury