December 2017

News on the Tax Cuts and Jobs Act, 2018 dollar limits on compensation and benefits, and more in this issue of Business News Digest

3 min

Venable attorneys produce periodic alerts and newsletters covering a variety of topics and practice areas. For your convenience, we have assembled below a collection of the latest alerts and newsletters from November 2017.

U.S. Capitol Building

On Its Way to a House-Senate Conference: A Comparison of Key Provisions in the Tax Cuts and Jobs Act

Early last Saturday, by a 51-to-49 vote, the Senate passed its version of landmark tax reform legislation. Prior to final passage, the Senate adopted amendments that affected more than 50 different provisions in the Senate bill.

As the Senate version differs from the version the House passed a few days ago, the two chambers have to reconcile the differences. That process began on December 4, with the House requesting a conference with the Senate. Speaker Ryan has named Ways and Means Chairman Brady to chair the Conference. To keep you informed in this rapidly changing environment, we have prepared the following analysis, which compares the key proposals as passed by the House and Senate. The analysis covers five tax policy areas: Individual, Business, International, Employer-Employee related, and Compensation and Exempt Organizations. Also included is a brief description of present law and some observations and key differences between the two versions of the new bill. We hope you find this analysis helpful.

Read The Analysis

coins and pens

2018 Dollar Limits on Compensation and Benefits

The Internal Revenue Service (IRS) has announced 2018 dollar limitations on benefits, contributions, and compensation. The Internal Revenue Code (Code) affords tax benefits for employers that sponsor qualified plans and for employees that participate in such plans. In exchange for these tax benefits, the Code places limitations on the contribution and benefit amounts. The IRS makes annual cost-of-living adjustments (COLAs) to these limits.

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Digital Media Link

Digital Media Link | November 2017

In our previous edition of Digital Media Link, we took a deep dive into the legal issues touching augmented and virtual reality technologies. We had so much fun with that topic that we decided to organize two roundtables to continue the conversation.

In this edition, we're showing how digital media impacts so much of our economy – including healthcare, employment issues, and local city ordinances.

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Financial reports

Fund Forum | November 2017

This issue of Venable's Fund Forum includes:

  • SEC Issues Section 3(c)(5)(C) No-Action Guidance
  • Celebrity Scrutiny: SEC Issues Statement on Potentially Unlawful Promotion of ICOs and Other Investments by Celebrities
  • SEC Chairman Clayton's Remarks on Governance and Transparency
  • Comparing the House-passed (H.R. 1) and Senate Finance Versions of the Tax Cuts and Jobs Act
  • Federal Court Strikes Down IRS Temporary Regulations

Read More

ADDITIONAL ARTICLES

The impact of nullifying CFPB's arbitration rule, state financial services licensing, and more in the November 3, 2017 issue of Consumer Financial Services Practice Digest

CFPB Director Cordray Announces Departure to Bureau Staff

Legal Battle of CFPB Directorship Still Looming, but Mulvaney Is the Acting Director in the Interim

Updated OCC Policy Regarding Enforcement Actions Aims to Increase Consistency by Imposing Objective Standards and Requiring Uniform Communication

Federal Court Strikes Down IRS Temporary Regulations

House Tax Cuts and Jobs Act

Comparing the House-passed (H.R. 1) and Senate Finance Versions of the Tax Cuts and Jobs Act

FDA Actions Smooth Pathway to Market for Genetic Health Risk Tests and Vitamin D Tests

Healthy No More? Authorized Soy Protein and Heart Disease Health Claim on FDA's Chopping Block

Congressional, Executive, and Legal Developments for Government Contractors to Consider | November 2017

FY 2018 National Defense Authorization Act Pushes Bid Protest Reforms

New Environmental Standards Imposed as California's Commercial Cannabis Cultivation Industry Takes Root

California Employers Can No Longer Ask About (or Consider) an Applicant's Salary History

California Further Curtails Employer Consideration of Criminal History and Bans the Topic from the Interview Process Altogether