The intention to generate social or environmental benefit is key to impact investing. But a tax break can be an additional incentive. Among the many provisions of the Republican tax bill signed by President Trump last month is the new “Investing for Opportunities Act,” which lets investors temporarily defer taxes by investing their capital gains in distressed areas designated as “opportunity zones.”
Another consumer protection issue that continues to be on our radar is self-driving cars. We need to make sure these vehicles are safe for consumers and at the same time promote innovation in this space. That’s why we passed the SELF DRIVE Act -- a first-of-its-kind piece of legislation -- to do just that. It passed the Energy and Commerce Committee in a bipartisan 54-0 vote and then received unanimous approval in the House.
Republican Senators Orrin Hatch and Jeff Flake introduced legislation on Thursday that aims to increase the annual quota of H-1B visas from 65,000 to 85,000. The H-1B is a common work visa granted to high-skilled foreigners to work at companies in the U.S. It's valid for three years, and can be renewed for another three years.
On Tuesday, January 16, the United States House of Representatives passed H.R. 770, the American Innovation $1 Coin Act. The bill would require the Treasury to “mint coins in recognition of American innovation & significant innovation and pioneering efforts of individuals or groups” from each state, territory and the District of Columbia.
Late last year, the Department of Commerce released numbers showing that foreign direct investment (FDI) in high-tech industries reached over $1.6 trillion in 2016 and supported 2.1 million jobs in the Un
The hope among industry attendees at CES was that the new guidelines will put more states on the same page when it comes to self-driving regulations, whether those regulations relate to cars, trucks or trains. "What we are trying to do is to reduce the number of regulations that are hampering the growth of technology in this area," Chao said during a Q&A session.
Makers of just 10 drugs may have shortchanged the nation's Medicaid system by at least $1.3 billion from 2012 through 2016 by misclassifying their products in a rebate program, a government analysis found. The analysis also showed that while nearly 900 drugs may have been misclassified, in 2016 just four drugmakers were responsible for 54 percent of the potential misclassifications that led to the underpayments to the Medicaid Drug Rebate Program
Under the Promoting Women in the Aviation Workforce Act of 2017, the FAA would establish and oversee a Women in Aviation Advisory Board to promote education, training, outreach, mentorship, and recruitment of women to pursue education careers.
House lawmakers wrapped up the year by passing three bills aimed at strengthening government programs for people hoping to pursue careers in science, technology, engineering and math. As both the government and the private sector struggle to fill STEM positions with top talent, the bipartisan legislation would support education and training initiatives for women, veterans and other groups who are historically underrepresented in STEM fields.
A major trade association representing the technology industry on Monday announced its formal support for the final version of the GOP tax bill. The Information Technology Industry Council (ITI) said in a letter to members of Congress that it believes the bill will benefit the technology industry.