Congress could start a push for universal background check legislation as soon as this month.
Democrats control the House, Senate, and White House, making passage more likely than in past years.
But it will be a tougher fight for passage in the Senate, where Republicans can still filibuster.
A small troop of House Democrats marched across the Capitol on November 20, 2019, to GOP leader Mitch McConnell s office. They demanded the passage of HR 8, otherwise known as the Bipartisan Background Checks Act of 2019.
House Speaker Nancy Pelosi, joined by fellow Democrats, the bill s lead sponsor Rep. Mike Thompson of California, anti-gun violence activist Rep. Lucy McBath of Georgia, and several others carried a large sign demanding then-Majority Leader McConnell take up the bill. The measure had passed the House that February only to languish for more than 260 days with no action from the Senate.
Jamie Biesiada
ASTA s top priority remains getting as much relief as possible for its members, the community of travel agencies that has been so hard-hit by the pandemic. Every meeting we have, there s a lot of understanding, there s a lot of sympathy from Congress, said Genevieve Strand, ASTA s director of advocacy.
Every week, Strand said, the Society arranges some eight to 10 formal calls with lawmakers and their staffers, but it is also in contact with dozens of offices on a daily basis pleading agencies cases.
The travel agency community is far from the only business sector lawmakers are hearing from, but Strand said she believes the message about why the community has been so devastated by the pandemic and why it will take longer to recover than other industries, based on when advisors are most typically paid for their work is being better understood as time goes on.
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Value investors are quick to point out that value stocks have historically outperformed others in the long term, but more recently, value has been underperforming the markets. However, John Buckingham of Kovitz and The Prudent Speculator newsletter says it s an excellent time to be a value investor.
During an investment webinar given in partnership with ValueWalk, Buckingham pointed out that over time, value stocks have an annualized return of 13%, compared to 9.9% for growth stocks. He also highlighted several misconceptions investors have about what sort of environment is terrible for value stocks.
Economic recovery is good for value stocks
Buckingham explained that value stocks have historically done well coming out of recessions. This is good news for value investors right now because the economy is coming out of the worst downturn since the Great Depression. The fourth-quarter earnings reporting season has been good so far, compared to pessimistic analyst projections
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Monday, March 1, 2021
A year after the COVID-19 pandemic hit the U.S., it remains to be seen how the Biden Administration will approach enforcement against businesses who received pandemic relief through the CARES Act and other federal spending packages. Nonetheless, patterns of enforcement related to pandemic assistance in 2020 may provide insight into potential enforcement trends in 2021. While initial cases have largely focused on small businesses that submitted fraudulent applications for relief funds (i.e. low-hanging fruit), these cases may set the stage for DOJ enforcement against larger companies.
Enforcement cases in 2020 focused on the most obvious cases of fraud. The vast majority of enforcement cases concerned fraudulent applications and use of stimulus funds for small businesses, including the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). Many of these enforcement actions alleged that individuals submitted applications for nonex