Brendan Parets

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Financial Institutions and Congressional Investigations – 2020 into 2021

Financial institutions are consistently targets of congressional oversight interest. In the last Congress, House and Senate committees held hearings with, demanded documents from, requested interviews with, and hosted briefings from a number of bank and non-bank financial institutions regarding a variety of issues. In a recent client alert, we looked at recent trends in congressional … Continue Reading

Senate Power-Sharing Agreement Finalized

After several weeks of negotiations proceeding in fits and starts, Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell reached a power-sharing agreement governing the operation of the evenly divided Senate.  As expected, the deal, which passed by voice vote, largely conforms to the agreement in place when the Senate was last evenly divided … Continue Reading

The Byrd Rule and Its Impact on Reconciliation

Reconciliation is a process under the Congressional Budget Act of 1974 (CBA) that allows Congress to implement budget priorities affecting direct spending, revenues, and the debt limit using expedited procedures.  The principal benefit to using reconciliation is that a reconciliation bill cannot be filibustered in the Senate.  As a result, it takes only a simple … Continue Reading

Key Changes to House Rules for the 117th Congress

On January 4, 2021, the narrowed Democratic majority in the House of Representatives passed, in a party-line vote, a set of rules governing the House for the 117th Congress.  While the House, unlike the Senate, has to approve its rules every Congress, the rules stay generally consistent from Congress-to-Congress, with more significant amendments often coming … Continue Reading

Governing Under an Equally Divided Senate

After the election of two Democratic Senate candidates in the Georgia runoff elections on January 5, 2021, the Senate this year will be equally divided between 50 Democratic Senators (and those caucusing with them) and 50 Republican Senators. Governing in an equally divided Senate presents several challenges regarding the internal rules of the Senate, the … Continue Reading

Guidance Regarding Contributions to Recount and Election Dispute Funds

As both presidential and down-ticket candidates gear up for post-election recounts and related litigation in several states, they and their political parties will be raising new funds to finance these efforts. As with campaign contributions made before the election, there are a variety of rules that apply to contributions to support post-election disputes. The Federal … Continue Reading
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