House, Senate Lawmakers' Updated Reconciliation Bill

Who’s Who in Defense: Rick Scott, Chairman, Senate Armed Services (SASC) Subcommittee on Seapower

The Subcommittee on Seapower has jurisdiction over: Navy planning and operations policy and programs (less, space, cyber, nuclear weapons, and special operations); and Marine Corps planning and operations policy and programs (less cyber, space, and special operations).

House, Senate lawmakers' updated reconciliation bill

Wednesday, June 25, 2025On June 25, 2025 Senate Armed Services Committee Chairman Roger Wicker (R-MS) released updated legislative text of the reconciliation bill's defense portion. Also includes a version that shows the redline corrections as well as an updated legislative overview. (Original June 3, 2025 legislative text of the reconciliation bill's defense portion and legislative overview.) Featured: Related Documents Tags: NDAA

AICPA raises SALT deduction concerns

The American Institute of CPAs (AICPA) has raised concerns about the pass-through entity tax (PTET) state and local tax (SALT) deductions as outlined in the latest Senate and House reconciliation bills. The organisationhas endorsed several provisions in the Senate bill but remains apprehensive about the PTET SALT deduction. In a detailed press release, it analysed this and other provisions, calling for clarification on the SALT proposal. In May …

AICPA Submits Recommendations to Senate Finance Committee on Reconciliation Bill

The AICPA submitted a letter to Senate Finance Committee leadership which included its endorsements, its concerns regarding the PTET SALT deduction, its request for clarification of the SALT proposal and two other recommendations.