top of page

EIW Today - February 26th, 2024

Prism Group's Daily Summary



JE RULE HALTED... On February 22, U.S. District Judge J. Campbell Barker in the Eastern District of Texas stayed the effective date of the National Labor Relations Board’s recent rule on determining the standard for joint-employer status until March 11, 2024. The new standard will only be applied to cases filed after the rule becomes effective. 

 


TAX PANEL SHINES SPOTLIGHT ON TAX AVOIDANCE STRATEGY... Finance Committee Chair Ron Wyden – who has a long history of probing tax planning strategies deployed by the wealthy – is out with a new report that harshly criticizes the use of private placement life insurance as a means of skirting taxes. With taxwriters on both sides of the aisle perennially on the hunt for revenue offsets to fund their favored policies, expect to hear more about PPLIs, both now and throughout the 2025 tax debate.  

 

CALLING ALL NEW ENGLAND SMALL BUSINESSES... The SBA is hosting two roundtables next month aimed at giving small businesses an opportunity to voice their concerns about federal regulatory challenges they face in the real world. SBA officials will also be on hand to share tips on resolving regulatory compliance and enforcement issues, provide real-time input on regulatory fairness issues, and discuss other valuable information. Those interested can find additional information at the registration pages linked below:  

 


THE STATE OF THE STATES 


SESSIONS BY THE NUMBERS: 


Forty-three state legislatures are in regular session. Louisiana is in special session.

 

WHAT WE'RE WATCHING: 


A new law in New York will limit employers' access to employees' personal social media accounts, allowing exemptions for legal obligations and business accounts. A growing number of states are adopting similar privacy protections in an effort to install privacy protections. 

 

Nevada's job development agencies spent $44,769 per newly unemployed worker in FY 2022, totaling $15 million. That number is 40% of the state's workforce development budget, 20 times the national average. Critics have said Nevada's high job growth and vacancy rates alongside the disproportionate cost of filling these positions are inefficient. 

 

LAWMAKERS... IN OR OUT? 


The House... convenes today at 3:00 PM. The full schedule may be found here. 

The Senate... convenes today at 3:00 PM. The full schedule may be found here. 


HAPPENING ON THE HILL 


The House...  

Committee on Small Business will hold a hearing next Thursday, 3/07 at 10:00 AM on “The Rare Earth Mineral Marketplace: Examining the Small Business Role in this Critical Supply Chain.” 

Committee on Small Business will hold a hearing next Wednesday, 3/06 at 10:00 AM on “Reducing Mismanagement: GAO Recommendations for Improving the SBA.” 

Committee on Small Business will hold a hearing next Tuesday, 3/12 at 10:00 AM on “Navigating Regulations: Alternative Pathways to Investing in Small Businesses.” 

 

The Senate...  

Special Committee on Aging will hold a hearing Thursday, 2/29 at 10:00 AM on “All Means All: Empowering People with Disabilities to Thrive in Careers and the Workplace” 

Committee on Health, Education, Labor, and Pensions will hold a hearing Wednesday, 2/28 at 10:00 AM on “Taking a Serious Look at the Retirement Crisis in America: What Can We Do to Expand Defined Benefit Pension Plans for Workers?” 

Committee on the Judiciary will hold a hearing TOMORROW, 2/27 at 10:00 AM on “Damming the Iron River: How to Stop the Deadly Flow of American Guns to the Cartels.” 

Committee on the Judiciary will hold a hearing Wednesday, 2/28 at 10:00 AM on “Examining and Preventing Deaths of Incarcerated Individuals in Federal Prisons.” 

Committee on the Judiciary will hold a hearing Wednesday, 2/28 at 2:30 PM on “The Nation’s Correctional Staffing Crisis: Assessing the Toll on Correctional Officers and Incarcerated Persons.” 

Committee on the Judiciary will hold a hearing Friday, 3/01 at 5:00 PM on “Modern-Day Voting Discrimination in Alabama.” 

Committee on Energy and Natural Resources will hold a hearing Wednesday, 2/28 at 10:00 AM to Examine the Opportunities and Challenges Associated with Developing Geologic Hydrogen in the United States. 

 

BILLS OF INTEREST 


  • Rep. Jefferson Van Drew (R-NJ-2) introduced a bill to direct the Federal Communications Commission to establish a program to make grants to States for the deployment of broadband service in underserved areas by small business broadband providers. 

  • Rep. Gregory Meeks (D-NY-5) introduced a bill to establish or modify requirements relating to minority depository institutions, community development financial institutions, and impact banks. 

  • Rep. Rashida Tlaib (D-MI-12) introduced a bill to establish a pilot program to provide financial and non-financial housing assistance to certain homeless individuals, to provide for a study of the effects of the pilot program. 


AT THE AGENCIES 


The US Department of Labor 

The US Department of Labor issued a press release announcing a US-Japan workforce development exchange to recruit and retain talent in high-tech manufacturing sector. 

 

The US Department of the Treasury 

The US Department of the Treasury published a readout of the Financial Stability Oversight Council meeting on February 23, 2024. 

 

The US Department of Commerce 

The US Department of Commerce announced that Secretary of Commerce Gina Raimondo will lead the President’s Export Council trip to Thailand, 

 

The US Trade Representative 

The Office of the US Trade Representative released the Annual Report on China's WTO Compliance. 

 

The US Small Business Administration 

The US Small Business Administration published a readout of SBA Administrator Guzman’s visit to Grand Rapids with Vice President Harris. 

 

Curious for more information? 

Subscribe to EIW Today to receive the morning newsletter directly in your own inbox! 

28 views0 comments

Recent Posts

See All

Commentaires


bottom of page