Jenner & Block

Tax Reform Update: Senate and House Tax Bills Move to Conference Committee

The US Congress is working diligently to pass a major tax bill sponsored and supported by the Republican Party and under intense pressure from President Trump. The House passed its version of a tax bill on November 16. The Senate passed a different version early in the morning, December 2 (by a 51-49 vote). The bills next go to a conference committee of select members from both houses of Congress that will attempt to reconcile the two into a single new bill that can be approved by both the House and Senate. The intent is to complete this process by the end of 2017.

Read more.