Weekly Food & Agriculture Update-9.25
Weekly Food & Agriculture Update
September 25, 2017
A quick look at what’s happening in Washington, D.C. that’s impacting food and agriculture. If you would like to subscribe to the receive the updates right to your inbox, please contact Kerry Lynch
Big Picture Outlook
- Schedule – Both chambers are in session this week, beginning a two-week work period before the Senate adjourns for the week of October 9 (Columbus Day). The House is set to take up FAA reauthorization and additional disaster assistance, while the Senate will likely be consumed with a last-ditch effort on health care.
- Health Care – Leader McConnell announced last week that the Senate would vote on the Graham-Cassidy health care bill, but much has happened since. Enough Senators came out opposed that they re-drafted the bill, but it’s still looking like Republicans may not have the votes. Senate Finance is holding a hearing today on the bill, but it may be too little, too late.
- Tax Reform – President Trump will announce some of the tax reform framework details on Wednesday. Some specifics of the plan have already leaked, including: Cutting the top individual income rate from 39.6% to 35%; Cutting the top rate for “pass through” businesses from 39.6% to 25%; Cutting the corporate rate from 35% to 20%; and Doubling the standard deduction.
- Farm Bill – Senate Ag will hold one of its last farm bill title-specific hearings to discuss the rural development and energy titles. And the House may begin previewing portions of a farm bill draft this week or next.
The Week Ahead
- Senate ENR hearing to consider several nominees to be Assistant Secretaries at the Department of Energy
- Alabama Republican primary runoff election between Sen. Luther Strange and Roy Moore
- President Trump is scheduled to roll out the Administration’s tax reform plan during a speech in Indiana
- Senate EPW hearing on “Forest Management to Mitigate Wildfires: Legislative Solutions”
- House ENR hearing on “Exploring Solutions to Reduce Risks of Catastrophic Wildfire and Improve Resiliency of National Forests”
- Senate Ag hearing on “Rural Development and Energy Programs: Perspectives for the 2018 Farm Bill”
- House Judiciary hearing on “Oversight of Agency Compliance with the Congressional Review Act”
A Quick Look Back
- The third round of NAFTA negotiations began in Ottawa, Canada over the weekend, and continue into this week.
- USDA approved the use of D-SNAP for Florida counties impacted by Hurricane Irma.
- House Ag Chairman Conaway and Secretary Perdue were in Houston to survey damage from Hurricane Harvey.
Pertinent Timing Ticker
- 44 legislative days (36 for House) until government funding expires and debt ceiling is reached (Dec. 8, 2017)
- 370 total days until the farm bill expires (Sep. 30, 2018)
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