The Administration, the House Committee on Ways and Means, and the Senate Committee on Finance have developed a new tax reform framework. This framework outlines a tax code that focuses on economic growth and relief for middle-class families. To see the full framework, click here.
On August 31, 2017, U.S. District Court Judge Amos Mazzant granted summary judgment against the Department in consolidated cases challenging the Overtime Final Rule published on May 23, 2016. The court held that the Final Rule’s salary level exceeded the Department’s authority, and concluded that the Final Rule is invalid. The case was heard in the United States District Court, Eastern District of Texas, Sherman Division (State of Nevada, et al. v. United States Department of Labor, et al., No. 4:16-CV-00731).
Please note that the Department is still accepting comments on its Request for Information (RFI), published on July 26, 2017. The RFI comment period ends at 11:59pm on September 25, 2017.
For the complete timeline, please click here.
.S. Representative David Kustoff (TN-08), a member of the House Financial Services Committee, introduced H.R. 3363, the Claims Licensing Advancement for Interstate Matters Act (CLAIM Act). The bill aims to help independent insurance adjusters file insurance claims more efficiently, ensuring consumers expeditiously receive the funds needed to repair and rebuild communities – particularly in times of disaster. The bill is co-sponsored by U.S. Representatives Bill Foster (D-IL), Ed Royce (R-CA), Steve Stivers (R-OH), Rod Blum (R-IA) and Phil Roe (R-TN). Read more here.