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Initiatives
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What Did I Miss in Washington? September 18-October 16, 2017

October 16, 2017

The steady stream of news emerging from the nation’s capital can be overwhelming. NACUBO highlights key actions and provides the status of top higher education business officer concerns.

Advocacy

NACUBO Joins the Protect Dreamers Higher Education Coalition. The American Council on Education is spearheading a new coalition to advocate for Deferred Action for Childhood Arrivals (DACA) students. The group is made up of major higher education associations representing a broad range of institutions and groups at U.S. colleges and universities. The coalition’s website provides background information on so-called “Dreamers” and advocacy tools for asking Congress to provide certainty for the nearly 800,000 DACA recipients who are currently working, attending college, or serving in our military.

On Capitol Hill

Tax Reform Inches Forward. On September 27, the White House and top congressional Republican officials released a nine-page summary plan for tax reform, the “Unified Framework for Fixing Our Broken Tax Code.” Given the gridlock on Capitol Hill, it is unclear if the legislative effort will be successful. However, the House passed its version of a fiscal 2018 budget resolution (H Con Res 71) last week, and the Senate is scheduled to vote on its version this week. If a budget compromise is negotiated and approved by both chambers, GOP lawmakers are then expected to expedite action on tax reform, with hopes for final passage of a tax bill sometime within the next six months. NACUBO strongly urges business officers to understand the stakes.

Administrative Action

ED to Offer Webinar on Data Security. October is National Cyber Security Awareness Month, and officials from the Department of Education will discuss data security and breach requirements and share best practices during an October 18 webinar. As a reminder, NACUBO encourages institutions to revisit campus compliance requirements under the Safeguards Provision of the Gramm-Leach-Bliley Act and strongly urges campuses to ensure that their information security programs are audit-ready. Additional cybersecurity compliance resources can be found on ED’s website.

ED Provides Guidance as Perkins Loan Program Ends. The Federal Perkins Loan Program expired on September 30. ED issued "Dear Colleague Letter" GEN-17-10 with information on the wind-down of the program, which NACUBO encourages institutions to fully review.

Treasury Rescinds Proposed Regulations on Political Subdivisions. On October 4, the Treasury Department announced that it plans to withdraw proposed regulations on the definition of a “political subdivision.” It had proposed new requirements that would have revised standards for governmental purposes and governmental control for purposes of issuing tax-exempt municipal bonds.

Previous Edition
What Did I Miss in Washington? September 6-September 18, 2017

Contact

Liz Clark
Director, Federal Affairs
202.861.2553
E-mail