Apr 9, 2021
Yellen Calls for Global Minimum Tax on Corporations
In addition to the global minimum tax, the Biden Administration is seeking to raise the corporate income tax from the current 21% to 28%.
The Legislative News is updated regularly by the Iowa Association of Business and Industry’s (ABI) public policy team with information about the latest activity in the Iowa Legislature, administratively and at the federal level.
Mar 4, 2021
The White House has revoked Proclamation 10014, which was first imposed in April 2020 to suspend the “entry of immigrants who prevent a risk to the United States labor market” following the COVID-19 outbreak.
Dec 17, 2020
Leaders in the U.S. House, Senate and the White House have been furiously negotiating this week as both Democrats and Republicans have indicated they must pass another COVID-19 stimulus package before the lame-duck Congress officially adjourns for the year.
Nov 19, 2020
Though President-elect Joe Biden will not officially become president until Jan. 20, 2021, there is already significant talk about some of the actions his administration will first take when he enters office.
Oct 8, 2020
On Tuesday, President Trump tweeted that he decided to end talks between the White House and Speaker of the House Nancy Pelosi concerning a robust COVID-19 package and will wait until after the election to continue negotiating.
Oct 1, 2020
Speaker of the House Nancy Pelosi (D-CA) announced last night that a vote on a smaller, but still very large COVID-19 bill would be pushed back until today to give more time for negotiations between the White House and the Speaker.
Sep 17, 2020
A federal district court judge in New York struck down the Trump administration’s narrower definition of ‘joint employer’, stating that the rule conflicted with the broader protections under the Fair Labor Standards Act.
May 21, 2020
U.S. Treasury Secretary Steven Mnuchin on Tuesday stated employees who reject an offer to return to work after being furloughed or laid off due to COVID-19 will no longer be eligible for federal unemployment benefits.
May 21, 2020
U.S. Sen. Joni Ernst recently spearheaded a bipartisan letter addressed to the U.S. Senate Majority Leader Mitch McConnell (R-KY) and Senate Minority Leader Chuck Schumer (D-NY) encouraging them to include more financial support and stimulus for childcare providers and workers in the next round of coronavirus relief.
May 7, 2020
The U.S. Chamber of Commerce and the BIPAC Action Fund, the political action committee of the Business Industry Political Action Committee (BIPAC), recently unveiled their endorsements of State Sen. Randy Feenstra in the crowded 4th Congressional Republican Primary.
May 7, 2020
The Des Moines Register published an op-ed by U.S. Deputy Secretary of Labor Patrick Pizzella on actions the Trump administration is taking to keep workers and those headed back to work safe from COVID-19.
Apr 30, 2020
As individuals and businesses continue to battle and persevere through the economic effects of the coronavirus, elected officials including Sen. Joni Ernst are putting forward measures aimed at alleviating that burden.
Apr 16, 2020
Former Vice President and Democratic presidential nominee Joe Biden received three very influential and consequential endorsements this week as he is for all intents and purposes now the Democratic presidential nominee for the general election this fall.
Apr 9, 2020
On Tuesday, Senate Majority Leader Mitch McConnell (R-KY) announced he would seek to pass $250 billion in additional funding for the Paycheck Protection Program (PPP) via unanimous consent in the Senate on Thursday.
Apr 2, 2020
Earlier this week, the U.S. Treasury Department unveiled guidance for a large component of the Phase III coronavirus relief legislation that President Trump recently signed into law.
Apr 2, 2020
The Internal Revenue Service has released an extensive FAQ guide on how employers can take advantage of the tax credits related to the paid sick leave and family leave benefits in the Families First Coronavirus Response Act (FFCRA).
Jul 11, 2019
The Coalition for a Democratic Workplace, along with 44 other employer entities including ABI, recently submitted comments to the Department of Labor for Notice of Proposed Rulemaking regarding Joint Employer status under the Fair Labor Standards Act.
May 23, 2019
President Trump announced last Friday that the United States would be removing steel and aluminum tariffs on Canada and Mexico in an effort to help facilitate passage of the new United States-Mexico-Canada Agreement (USMCA) trade accord.
May 2, 2019
After the Office of Management and Budget (OMB) put a hold on the changes to the EEO-1 reporting form that mid- and large-size employers must fill out in 2017, a Judge ruled last month the added requirement to report pay can move forward and is due September 30, 2019.
Apr 18, 2019
Gov. Reynolds and Secretary of Agriculture Mike Naig, along with state agency directors, provided comments to the United States Environmental Protection Agency (EPA) regarding the proposed Waters of the United States (WOTUS) Rule.
Feb 7, 2019
ABI recently joined other business associations in supporting an effort being led by the Illinois Chamber of Commerce to encourage other states to not adopt a version of an invasive data privacy law that was recently passed in California.
Oct 25, 2018
According to the National Association of Manufacturers, OSHA issued a new memorandum under which manufacturers may once again use post-incident drug testing under specific parameters and properly designed safety incentive programs to accomplish the important mission of promoting workplace safety.
Sep 6, 2018
D.C. Circuit Court Judge Brett Kavanaugh, the Supreme Court nominee of President Trump to replace retired Justice Anthony Kennedy, went before the Senate Judiciary Committee this week to provide testimony and receive scrutiny from members of the committee.
Jun 28, 2018
ABI is one of more than 100 organizations that have signed a letter encouraging Administrator Neomi Rao of the Office of Management & Budget to implement good government practices when it comes to the issuance of new regulations and the rescission of old ones.
Jun 21, 2018
The U.S. Small Business Administration will host several roundtables across Iowa next month with the purpose of receiving feedback from individuals whose small businesses are affected by federal regulatory issues.
Feb 8, 2018
The tax reform bill that passed in December has received much coverage in the news for the savings businesses and individuals will see in 2019. However, there were other provisions that may not be as well known.
Sep 28, 2017
President Donald Trump has signed a memorandum that orders the Department of Education to allocate at least $200 million dollars into grant funding each year for new Science, Technology, Engineering and Math (STEM) and computer science education initiatives.
Aug 10, 2017
In the last week, several Trump Administration officials have visited Iowa. Last weekend, Secretary of Agriculture Sonny Perdue was in Iowa for the Iowa Agriculture Summit and toured ABI member company Sukup Manufacturing.
Aug 2, 2017
Representatives of Canada, Mexico and the United States are set to meet in Washington, D.C. on August 16th to begin the first of seven rounds of talks to discuss renegotiating the North American Free Trade Agreement (NAFTA). The ability to export products from Iowa to other countries is a key part of Iowa’s manufacturing and agricultural economies.
Jul 27, 2017
The Department of Labor has issued a Request for Information (RFI) on the Obama Administration’s Overtime rule, which was finalized last year but was stayed by a federal judge in Texas shortly before it was to go into effect.
Jun 29, 2017
In a victory for businesses, farmers and other landowners, Environmental Protection Agency Administrator Scott Pruitt announced Tuesday that the EPA and the Army Corp of Engineers would begin the process of repealing the 2015 Clean Water rule, also known as Waters of the United States.
Jun 1, 2017
President Donald Trump recently released his budget for fiscal year 2018. It proposes many policy objectives to boost the economy, provide long term stability concerning U.S. debt and deficits, and strengthening the military.
May 4, 2017
The U.S. House of Representatives is set to vote on a repeal and replacement of the Affordable Care Act (ACA) today. The American Health Care Act, crafted by Republicans, will bring many changes to the health care system.
Dec 15, 2016
Since the election, there have been positive developments in terms of regulations that have not moved forward. In late November, the IRS held a six-hour public hearing on proposed treasury regulations released in August titled: Estate, Gift, and Generation-skipping Transfer Taxes; Restrictions on Liquidation of an Interest.proposed regulations.
Nov 17, 2016
A federal judge in Texas has permanently blocked the U.S. Department of Labor from enforcing a new rule expanding employers’ disclosure requirements related to union-organizing campaigns after the judge concluded that the rule is unlawful.
Oct 20, 2016
A judge for the Northern District of West Virginia U.S. District Court recently ruled that the Environmental Protection Agency (EPA) unlawfully ignored its duty under Section 321 of the Clean Air Act to evaluate potential and actual job loss from its regulations.
Sep 29, 2016
The National Association of Manufacturers’ (NAM) member-led Key Vote Advisory Committee (KVAC) has officially completed its key vote selection process and established the votes used to determine the NAM Award for Manufacturing Legislative Excellence, and both Sen. Chuck Grassley and Sen. Joni Ernst received this recognition. Iowa’s congressmen Rep. Rod Blum, Rep. Steve King and Rep. David Young were also recognized.
Sep 29, 2016
ABI signed onto a letter by the National Association of Manufacturers (NAM) and the Family Business Estate Tax Coalition (FBETC), to Treasury Secretary Jack Lew voicing the concerns about the potential impact of proposed regulations under Internal Revenue Section 2704 (the “proposed minority discount rules”).
Sep 29, 2016
Republicans on the House Education and the Workforce Committee have sent a letter to Secretary of Labor Thomas Perez requesting a list of regulations and other guidance the Department of Labor intends to release by the end of President Barack Obama’s second and final term.
Sep 22, 2016
Regulations on issues such as contractor blacklisting, employee overtime, silica, union elections and injury and illness reporting will cost more than $80 billion in compliance costs over the next decade, according to a new report from the National Association of Manufacturers.
Jul 28, 2016
ABI’s federal partner, the National Association of Manufacturers (NAM) is encouraging members to Take Action if you would like to see Congress act on the Department of Labor's (DOL) overtime rule. The legislation will require the DOL to rework and further review the impact the rule will have on employees, businesses and the economy.
Feb 18, 2016
States currently have inconsistent standards and requirements for employees to file personal income tax returns when traveling to a nonresident state for temporary work periods, and for employers to withhold income tax on employees who travel outside their state of residence for temporary work periods.
Dec 17, 2015
Wednesday’s move by the Federal Reserve to lift its key rate, the federal funds rate, by a quarter-point to a range of 0.25 percent to 0.5 percent ends an extraordinary seven-year period of near-zero rates that began at the depths of the 2008 financial crisis.
Jul 16, 2015
ABI joined the U.S. Chamber of Commerce and several other national and state organizations in sending a letter to all members of Congress expressing concern about the Department of Labor’s expansion of the “fiduciary investment advice” definition to include small business plans such as SEP and SIMPLE IRAS.
Feb 12, 2015
The U.S. Senate and House have introduced identical Congressional Review Act resolutions (S.J. Res 8 and H.J. Res 29), which, if passed, would formally signal Congressional disapproval of the National Labor Relations Board’s “ambush” election rule.