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OD: Legislative Lunchcast: A Washington Update from NACUBO (June 2017)

Recorded on Wednesday, June 21, 2017 1:00PM ET

Overview

To help business officers understand the political climate and explore potential budgetary, tax, and regulatory changes, NACUBO is offering this free, 30-minute overview of what’s happening in Washington. Get an update on federal actions that will impact your campus and recognize what to expect in 2017.
 
Liz Clark, director, and Megan Schneider assistant director of federal affairs, NACUBO, will discuss the wide-ranging implications for students and institutions.
 
Register now and learn the important points you need to know about what’s at stake. Do you have federal affairs questions or specific topics you’d like to hear addressed in the webcast? Send them in advance to advocacy@nacubo.org by June 16.
 
Please note, because the session includes time-sensitive information, it will only be available until August 1, 2017. 

Resources

News and Updates:
What did I miss in Washington? (Article series from the Current member newsletter):
Business Officer magazine:
Topics Presenters will Cover:
Year-Round Pell
On June 19, ED issued a Dear Colleague Letter providing guidance to institutions for the newly reinstated “year-round Pell” award. This provision is effective beginning with the 2017–2018 award year and the guidance addresses the crossover payment period that includes both June 30 and July 1 (overlapping two award years).
 
The FY17 spending bill Congress passed in May provided funding for the restoration of year-round Pell Grants, a program designed to allow students to maintain their academic progress in the summer.
 
IRS Data Retrieval Tool
ED published an Electronic Announcement indicating that the Internal Revenue Service (IRS) Data Retrieval Tool (DRT) is once again available for eligible Direct Loan borrowers applying for one of the four income-driven repayment plans. The IRS had suspended use of the DRT in March due to privacy and security concerns. ED expects the DRT will be available for students and families completing the Free Application for Federal Student Aid by October 1.
 
1098-T
  • The IRS has not yet issued final regulations on 1098-T reporting following its Notice of Proposed Rulemaking (NPRM) that calls for significant reporting changes to the form.
  • NACUBO 1098-T Resources

Borrower Defense
Last week, ED announced that it is indefinitely postponing implementation of rules approved by the Obama administration last November pertaining to borrower defense to repayment. The rules, including a number of revisions to the financial responsibility standards, had been scheduled to take effect on July 1. ED also announced that it would begin new rulemaking efforts to revisit these rules and the so-called gainful employment regulations that were finalized in 2014 to set stricter standards for vocational programs. NACUBO will continue to advocate for reasonable and sound improvements to ED’s financial responsibility standards. During the 2016 rulemaking process, NACUBO raised a number of concerns.

Tax Issues
Energy Efficiency
President Donald Trump’s budget recommendations for FY18 called for a number of dramatic cuts in the energy policy area, and many renewable energy and other energy efficient tax credits have recently expired. NACUBO supports renewing and expanding the 179D tax credit and maintaining funding for the ENERGY STAR® program. Additional information can be found here.
F&A
NACUBO recently sent a letter to the heads of the White House Office of Management and Budget and US Department of Health and Human Services to express opposition to the FY18 budget proposal that calls for placing a cap on facilities and administrative (F&A) costs for NIH grants of 10 percent.
 
Net Neutrality
Following a speech given by Federal Communications Commission (FCC) Chairman Ajit Pai in late April proposing a substantial shift in policy, the FCC moved forward on a 2-1 vote to approve a Notice of Proposed Rulemaking that would effectively eliminate the net neutrality created under the Obama administration. Under the Obama-era changes, the internet was classified as a Title II telecommunications service as opposed to its previous classification as a Title I information service. This reclassification led to regulations that prevented internet service providers from favoring or speeding up internet traffic from one organization over that of another’s, a position generally referred to as "net neutrality." Pai’s proposal calls for the internet to be reclassified as a Title I service, which would end net neutrality. NACUBO signed on to a statement with 11 other higher education associations emphasizing the importance of net neutrality to colleges and universities as a critical tool in meeting their missions of public service.
 
Overtime
Labor Department Secretary Alexander Acosta indicated in a recent Appropriations Committee hearing that the agency would be requesting a new round of public comments on the Obama administration’s overtime rule in the next few weeks. Acosta has previously expressed concern that the rule, which is currently delayed by court injunction, was too drastic in immediately doubling the salary threshold for overtime exemption from $23,660 to $47,476, though he acknowledged that the previous threshold was likely too low. NACUBO has a series of resources on the overtime rule available here.

DACA Students

On June 15, Trump Administration officials announced that it will continue the Deferred Action for Childhood Arrivals program. NACUBO joined the Hispanic Association of Colleges and Universities in December in expressing concerns for so-called Dreamers, undocumented immigrants who came to the United States as small children. The DACA program, instituted by the Obama administration, allows young undocumented individuals who meet specific criteria to register with the federal government without fear of deportation in order to work, pay taxes, and attend school in a legally sanctioned way.  In February, NACUBO also endorsed the Bar Removal of Individuals who Grow our Economy (BRIDGE) Act.

Meet the Presenters  

  • Liz Clark, director, federal affairs, NACUBO
  • Bryan Dickson, senior policy analyst, NACUBO
  • Megan Schneider, assistant director, federal affairs, NACUBO

Who Should Participate

  • Chief business officers
  • Chief investment officers
  • Government relations staff
  • Accountants
  • Controllers
  • Budget directors
  • Vice presidents of finance
  • Tax directors

COURSE INFORMATION

  • Length: 30 minutes


Fees

Member Site Fee: $0.00
Non-Member Site Registration: $99.00

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