The 108th Congress completed a full trade agenda with the passage of legislation on a broad spectrum of issues. The 109th Congress is expected to face a trade agenda that will be at least as extensive, covering a wide range of issues, from the extension of presidential trade promotion (fast track) authority to consideration of more free trade agreements and oversight of the World Trade Organization (WTO) trade negotiations. In some respects, these issues are distinct, each with its own policy and economic implications. In other respects the issues are interrelated. They have emerged from common sets of domestic politics, foreign policy, and economic factors and affect or are affected by the concerns of Members of Congress, of other policymakers and of many interest groups. These issues and how policymakers deal with them will define overall U.S. trade policy.

Under provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA, P.L. 107-16), the estate tax and generation-skipping transfer tax are scheduled to be repealed effective January 1, 2010. But the estate tax repeal, and all other provisions of EGTRRA, are scheduled to sunset December 31, 2010. If the sunset provision is not repealed, or the law is not otherwise changed beforehand, in 2011 estate and gift tax law will return to what it would have been had EGTRRA never been enacted. The unified estate and gift taxes will be reinstated with an exclusion amount of $1 million. The maximum tax rate will revert to 55%.

Conferees on H.R. 6, the Energy Policy Act of 2005, began meeting July 14, 2005, and are predicting that the conference will be completed July 25. The Senate passed its version of the bill June 28, and the House passed its version April 21. The Senate and House bills are similar, but major differences exist, including the following areas: ethanol and methyl tertiary-butyl ether, Arctic National Wildlife Refuge, electricity restructuring, renewable energy, climate change, tax provisions, outer continental shelf, and the siting of LNG terminals

Conferees on H.R. 6, the Energy Policy Act of 2005, began meeting July 14, 2005, and are predicting that the conference will be completed July 25. The Senate passed its version of the bill June 28, and the House passed its version April 21. The Senate and House bills are similar, but major differences exist, including the following areas: ethanol and methyl tertiary-butyl ether, Arctic National Wildlife Refuge, electricity restructuring, renewable energy, climate change, tax provisions, outer continental shelf, and the siting of LNG terminals

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This issue brief discusses reform proposals from both the Administration and Amtrak in the 109th Congress. It addresses the appropriations requested by Amtrak, the reluctance of the Administration to provide aid, and its willingness to let Amtrak enter bankruptcy, resulting in restructuring and reform of inefficient operations.

This report discusses various issues in the 109th Congress pertaining to water infrastructure and water quality standards. Legislative initiatives to comprehensively amend the Clean Water Act (CWA) have stalled for some time as interested parties have debated whether and exactly how to change the law. Congress has recently focused legislative attention on narrow bills to extend or modify selected CWA programs, rather than taking up comprehensive proposals.