Navigation Links
Venable's 'Election Watch Group' Assesses Presidential Election's Impact on Multiple Industries
Date:11/4/2008

Former U.S. Senator, Cabinet Secretary and other members of bipartisan group of Capitol Hill veterans anticipate major shifts in financial services, healthcare, energy, transportation, trade, labor and employment, and tax policy

WASHINGTON, Nov. 4 /PRNewswire/ -- After a long and grueling Presidential campaign, one thing is certain: change is coming to Washington, DC.

Companies doing business with or regulated by the federal government will face a new oversight and regulatory environment. Major overhauls to the nation's tax and healthcare systems are on the table, while the nation still faces high-visibility challenges in crafting a plan for an economic recovery and answers to the gyrating energy sector. At the same time, less-visible but just as severe threats, such as the nation's crumbling transportation infrastructure, will demand the attention of the next Administration.

Members of Venable's diverse legislative and regulatory team, who have served in the highest offices of government, including both a Senator and a cabinet member, as well as senior government attorneys and professionals from both sides of the political aisle, with backgrounds in the Executive Branch, both houses of Congress and also policy wings of both parties, offer a few projections for the industries and issues at the forefront of the 2008 Presidential election.

Former U.S. Senator Birch Bayh, fresh from campaigning, notes that the new President's experience in the Senate will almost certainly result in a better working relationship with Congress. "George W. Bush took a 'my way or the highway' approach to dealing with Congress," said Bayh. "Obama, McCain and Biden all come from the Senate and have worked closely with other members throughout their careers. Because of that, I think you will see a much more collaborative approach toward Senators and Congressmen from both sides of the aisle."

Bayh represented Indiana in the United States Senate for more than 18 years and spent the month of October campaigning for Barack Obama in Indiana. He believes the election's key question is whether the Democrats, who are poised to pick up an historic number of seats in Congress, will secure a majority that can consistently deliver the 60 votes needed to defeat a filibuster in the Senate. "If the Democrats hold 60 seats in the Senate, it will be a good news/bad news proposition," he said. "The good news is that they will be able to push through legislation, the bad news is if they fail to do that, they will have no one to blame but themselves."

Former U.S. Secretary of Transportation James Burnley notes that the Highway Trust Fund is now in the red, leading to a looming infrastructure crisis on the nation's roads.

"Because Americans have started driving less and buying more fuel-efficient cars, the Highway Trust Fund, which is supported by fuel taxes, is in crisis," Burnley said. "Congress solved the immediate problems in September by transferring $8 billion in general revenues into the trust fund. But there is a long term, systemic revenue crisis for which there is no obvious politically viable solution. Senator Obama has endorsed a $60 billion National Infrastructure Bank, but this cannot close the revenue shortfall to fund the existing commitments, much less support a bigger set of highway and transit programs."

For full list of election watch policy projections visit:

http://www.venable.com/press_releases.cfm?action=view&press_release_id= 382

Note: One of the American Lawyer's top 100 law firms, Venable LLP has attorneys practicing in all areas of corporate and business law, complex litigation, intellectual property and government affairs. Venable serves corporate, institutional, governmental, nonprofit and individual clients throughout the U.S. and around the world from its headquarters in Washington, D.C. and offices in California, Maryland, New York and Virginia. For more, visit http://www.venable.com.

Contact: Joshua Spivak 510-849-1663 jspild@aol.com

Allan Ripp 212-262-7477 arippnyc@aol.com

Charles Wilkins 202-344-8253 cwilkins@venable.com


'/>"/>
SOURCE Venable LLP
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Activity Against MRSA is the Most Important Attribute Influencing Physicians Antibiotic Selection for the Treatment of Skin and Skin Structure Infections
2. Election-Eve MedPage Today(R) Poll Gives Obama Double-Digit Lead Among Clinicians
3. On Weekend Before the Election, New Jerseys First Ladies Speak Out for Healthcare
4. Easy Ethnic Election
5. Pre-election surveys show deep concern about state of health care
6. Results From Pre-Election Surveys Published in NEJM Show Deep Concerns About State of Health Care With McCain and Obama Supporters Differing Sharply on Directions for New Administration
7. Majority of voters say election outcome will make a great deal of difference on key issues
8. Survey Reveals Long Term Care Key Issue for Voters in Presidential Election
9. Report Confirms Consumer Selection is a Driving Force in Health Care Today
10. NCPA Endorses U.S. Senator Saxby Chambliss for Re-Election
11. NCPA Endorses U.S. Senator Norm Coleman for Re-Election
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/12/2017)... Fla. (PRWEB) , ... October 12, 2017 , ... IsoComforter, ... therapy products, announced today the introduction of an innovative new design of the shoulder ... pad so you get maximum comfort while controlling your pain while using cold therapy. ...
(Date:10/12/2017)... Rockville, Maryland (PRWEB) , ... October 12, 2017 ... ... a magnetic drug delivery system that we intend to develop to enable prevention ... regimens can lead to severe hearing loss, especially in pediatric patients. For cisplatin, ...
(Date:10/12/2017)... ... October 12, 2017 , ... Leading pediatric oncology experts at Children’s National ... 49th Congress of the International Society of Paediatric Oncology (SIOP) Oct. 12-15. ... for Cancer and Blood Disorders at Children’s National, and Stephen P. Hunger, M.D., ...
(Date:10/12/2017)... ... ... Health Literacy Innovations (HLI), creator of the Health Literacy ... Patient Education Network (CPEN), an independent professional organization that shares best practices in ... , As CPEN’s strategic partner, HLI will help support CPEN members by sharing ...
(Date:10/12/2017)... Washington, D.C. (PRWEB) , ... October 12, 2017 ... ... Company, Cal Dining at the University of California Berkeley, and other leading institutions ... leverages the buying power of institutions to change the way animals are raised ...
Breaking Medicine News(10 mins):
(Date:9/23/2017)... HORSHAM, Pa. , Sept. 22, 2017 ... received a complete response letter from the U.S. Food ... (BLA) seeking approval of sirukumab for the treatment of ... response letter indicates additional clinical data are needed to ... of moderately to severely active RA. ...
(Date:9/19/2017)... --  ZirMed Inc ., a recognized leader in cloud-based revenue ... been ranked #1 by its users for the seventh consecutive ... Survey. ZirMed was recognized as the top-ranked end-to-end revenue cycle ... over 200 beds and holds one of the longest #1 ... ...
(Date:9/12/2017)... and NEW YORK , Sept. 12, 2017   ... for global supply chains, has published the first annual edition of its ... of more than 20,400 companies evaluated by EcoVadis, based on Scorecard Ratings ... 2016. ... CSR Risk & Performance Index ...
Breaking Medicine Technology: