ASAToday for November, 20th 2025

Budget Reconciliation Update!   Just before recessing, Congress passed a continuing resolution to fund the federal government through the end of fiscal year 2025. Republican leaders will spend the next three weeks…

FY26? The upcoming battle is over the President’s budget for FY26, expected in April. Without a spending cap deal, the President may propose significant cuts to foreign aid and domestic programs. However,…

Debt Limit Update The Congressional Budget Office (CBO) will announce its debt-limit “x-date” this week. Speaker Johnson (R-LA) prefers to raise the debt limit within a reconciliation bill. If Congress doesn’t approve…

Interim Final Rule on the Corporate Transparency Act?   On March 21st, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) published an interim final rule (the “March 21 Rule”) that: Narrows…

This Week in Congress Congress is in recess this week and we’ll return on Monday, March 24th. When the Senate returns next week, the chamber will consider nomination votes for John Phelan…

ICE’s Budget – $2Billion Short? The agency charged with carrying out President Trump’s mass deportation promises has warned Congress it is short $2 billion for this fiscal year. Congress will send Immigration…

Section 199A Update Section 199A has ensured that small businesses received similar benefits to large, multinational companies that saw the corporate tax rate reduced, permanently, in 2017. This deduction has strengthened American…

Ernst Provides Small Businesses Opportunity to Compete in Federal Marketplace Releases new survey to identify hurdles for small businesses.   WASHINGTON – Today, U.S. Senate Committee on Small Business and Entrepreneurship Chair…