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ASA Calls Upon Congressional Leadership to Delay the Implementation of the Corporate Transparency Act ASA joined the American Institute of Certified Public Accountants (AICPA) in strongly urging Congress to delay implementation of the beneficial ownership reporting under the Corporate Transparency Act (CTA) by one year.   The CTA requires the submission of regular reports to the…

Click Here to Register for Mini Committee Week Mini Committee Week Join us on January 18-19th, 2024, for the Mini Committee Week.  This event will take place at the beautiful Marriott Watermark in Baton Rouge, LA. ASA Special Group Rate: $169.  Group rate is available for reservations made before December 17, 2023. Guest may reserve…

One Percent The Fiscal Responsibility Act contains a provision that funding for all departments and agencies — defense and nondefense – would require a one percent across-the-board cut below FY23 levels in each of the next two fiscal years in the event that the FY24 appropriations bills are not enacted by January 1st. The Act…

Tax Credits Senate Democrats are working to include $49 billion on a two-year boost for the child tax credit expansion that could also be paired with business tax breaks renewed for a similar duration. The proposal is a sign that negotiations between Senate Finance Chair Wyden and House Ways and Means Chair Smith are getting…

Inflation Cools The Bureau of Labor Statistics reported that inflation sank to 3.2 percent in October over a year earlier, the lowest since July as energy prices continue to decline. “Core” inflation, minus food, and energy costs, dipped to 4 percent, down from 4.1 percent and the smallest increase since September 2021. On a month-over-month…

This Week in Congress Congress continued to craft legislation to avert a government shutdown next week with the current stop-gap funding measure expiring November 17th.   The House voted on the Financial Services and Transportation-HUD spending bills and the Senate resumed consideration of Monica Bertagnolli’s nomination to head the National Institutes of Health, along with working…

ASA Protects our Nation’s Vital Water Infrastructure by Supporting H.R. 1740 ASA protects U.S. taxpayers, subcontractors, small businesses, and workers by supporting H.R. 1740. This legislation ensures the common use of payment and performance insurance bond protections are applied on water infrastructure projects where federal funds are being used. Ultimately, H.R. 1740 would help ensure…

Click Here to Register for this Webinar Today! Upcoming ASA Webinar: U.S. Small Business Administration’s Office of the National Ombudsman Join us on November 14th, 2024, at Noon Eastern for the presentation, “U.S. Small Business Administration’s Office of the National Ombudsman”, presented by John Kelly. If you’re a small business, association, or not-for-profit and are…

The House Announces the Construction Procurement Caucus The House Administration Committee approves the Construction Procurement Caucus (CPC) as a Congressional Member Organization (CMO) of the U.S. House of Representatives for the 118th Congress. The Committee has determined that both the described purpose of the organization and the registration information appear to be in full compliance…

This Week in Congress This week was a rare moment in Washington, D.C., a return to normalcy in Congress with both chambers in session.  There’s a Speaker, no immediate government shutdown looming, and both chambers scheduled a fairly routine legislative schedule.  In the spirit of Halloween, I hope this is not “a trick,” but maybe…