NAED continues to monitor what’s happening in the political world for our member companies. Ed Orlet, NAED Senior Vice President of Government Affairs & Strategic Projects, and Palmer Schoening, founder of the Family Business Coalition, bring you the latest edition of the NAED Washington Wire.
In summary:
- Congress managed to pass a last-minute funding bill preventing another shutdown until the end of September. Passing this $1.2 trillion spending bill did not come without political drama, as fiery speeches on the floor about border security and Speaker Johnson’s role in negotiations led up to the 2 am passage of the bill. The Senate continues to debate the House-passed tax bill which includes important business provisions for NAED members.
- News on regulations has been a mixed bag with DOL’s Walkaround Rule being finalized and the joint-employer standard rule being vacated. NAED has teamed up with our industry partners in an effort to correct implementing regulations on the 25C tax credit, with the goal of ensuring distributors are not adversely affected by new product PIN requirements.
Click here for the latest issue of the Washington Wire.
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