QUARTERLY SNAPSHOT MEMO - Winter 2022
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WASHINGTON IN 100 WORDS The 118TH Congress returns America to divided government, after one of the more active Congressional sessions in history. WHERE DO WE GO FROM HERE? A small – and already combative – House GOP majority will keep whoever is Speaker on their toes. But Republican control of a chamber will move the party off the sidelines Maybe it’s the Capitol in 2023, ending an complex re-opening. unusually successful Maybe it’s the settling in of run of major legislative the Biden Administration. victories for Democrats Maybe it’s incoming and President Biden. divided government... but there is an undeniable feeling of Washington back Will they or won’t they? to business as usual from Who will be at the top pre-Covid. of the ticket for the 2024 Presidential Election will ultimately be the story of 2023, coloring everything from media to policy decisions. We are only in the early days of what will be a fierce debate about the proverbial “souls” of each party.
Prism Group Quarterly Report Goodbye to the 117TH… There is no denying this Congress has been one of the most productive in decades. Unified government (House, Senate, White House all under Democratic control) was the obvious driver, but so was a Big Government response to historic public health and economic crises. In addition to two major defense bills, ongoing Ukraine funding, two years of appropriations, the 117th Congress enacted four pieces of landmark legislation, with funding, regulation and implementation playing out over the next decade. WHAT HAPPENED? • American Rescue Plan Act or “ARPA” (March 2021) • Infrastructure Investment and Jobs Act or “IIJA” (November 2021) • Creating Helpful Incentives to Produce Semiconductors and Science Act or “CHIPS Plus” (August 2022) • Inflation Reduction Act or “IRA” (August 2022) WHAT IS HAPPENING? • FY23 Omnibus WHAT ISN’T HAPPENING? • Reauthorizations • Tax Extenders • Big Tech Regulation & Antitrust
Prism Group Quarterly Report GOODBYE TO THE 117TH… WHAT HAPPENED? American Rescue Plan Act or “ARPA” (March 2021): $1.9 trillion coronavirus response package designed to facilitate the recovery from the economic and health effects of the COVID-19 pandemic. One of the most expensive legislative packages in U.S. history, it was passed with only Democratic support at the outset of the Biden Administration. Key elements and provisions of this package span employment, tax provisions, state, local, and tribal government aid, education, housing, COVID-19 and other healthcare-related funding, transportation, and cybersecurity. Most importantly, tens of billions of dollars remain unspent at the federal and state level. To learn more, click here. Infrastructure Investment and Jobs Act or “IIJA” (November 2021): $1.2 trillion infrastructure package focused on roads, bridges, and transportation safety programs, as well as funding toward innovation in climate technology as well as broadband deployment. To learn more, click here. Creating Helpful Incentives to Produce Semiconductors and Science Act or “CHIPS Plus” (August 2022): $280 billion authorized to support the weakened American semiconductor manufacturing industry. The legislation was in response to a global shortage as well as rising dominance of China in advanced manufacturing. Notably, the legislation authorized a number of new programs at the Department of Commerce focused on increased innovation in the American economy. To learn more, click here. Inflation Reduction Act or “IRA” (August 2022): $700+ billion legislation -- passed only with Democratic support – that leverages tax credits and incentives to increase onshoring and “green” industry. The legislation paid for some of the cost by significantly reforming prescription drug policy. It increased spending in domestic energy production and manufacturing and aims to drive spending to programs for a reduction of carbon emissions by approximately 40 percent by 2030. The legislation extended the expanded Affordable Care Act program through 2025. For a factsheet on the legislation, click here. For a Prism Group summary of the IRA click here.
Prism Group Quarterly Report GOODBYE TO THE 117TH… WHAT’S HAPPENING? FY23 Omnibus: The 4,155-page year-end spending bill was released this week (The full bill text is available here, and a full summary is available here). The Senate will make the first moves on the measure to speed up consideration of the legislation. Even with the 100 Senator buy-in needed for an expedited process, that still leaves a tight turnaround for the House to clear the bill before funding runs out on Friday’s deadline. Funding the government through September 30, 2023, the $1.66 trillion legislation includes many provisions including: *As of writing there is still debate on the omnibus, EDUCATION particularly Title 42 related to immigration policy. • Increasing the maximum Pell Grant award for the The outcome is unclear. 2023-2024 school year • $18.387 billion for Title I-A grants to the local educational agencies program FUNDING FOR BIPARTISAN PRIORITIES • $15.154 billion for Special Education State Grant • $58.7 billion for programs authorized by the programs Infrastructure Investment and Jobs Act • $1.2 billion for TRIO, which helps over 800,000 low- • $1.8 billion in new funding to implement the income, first- generation students get into college. bipartisan CHIPS and Science Act of 2022 • $5 billion for the Cost of War Toxic Exposures Fund to NUTRITIONAL PROGRAMS implement the landmark PACT Act. • $13.4 billion increase for the Supplemental Nutrition Assistance Program HEALTHCARE • $28.5 billion for Child Nutrition Programs • $47.5 billion for the National Institutes of Health • $6 billion for the Special Supplemental Nutrition • $9.2 billion for the Centers for Disease Control and Program for Women, Infants and Children. Prevention • $4.9 billion to address opioid misuse KEY LINKS WITHIN THE FY23 OMNIBUS INCLUDE: • $3.3 billion for the Assistant Secretary for • Defense, 2023 Preparedness and Response (ASPR) • Agriculture, Rural Development, Food and Drug • $1.5 billion for ARPA-H Administration, and Related Agencies, 2023 • $1.01 billion for the Mental Health Block Grant to • Commerce, Justice, Science, and Related Agencies, provide mental health treatment services and support 2023 community mental health services. • Energy and Water Development, 2023 • $950 million for the Biomedical Advanced Research • Financial Services and General Government, 2023 and Development Authority • Homeland Security, 2023 • Interior, Environment, and Related Agencies, 2023 HOUSING • Labor, Health and Human Services, Education, and • $3.6 billion for Homeless Assistance Grants Related Agencies, 2023 • $2 billion for the Rural Housing Service • Legislative Branch, 2023 • $1.5 billion for the HOME Investment Partnerships • Military Construction, Veterans Affairs, and Related Program Agencies, 2023 • $1.435 billion for the Housing for the Elderly and • State, Foreign Operations, and Related Programs, Housing for Persons with Disabilities program 2023 • Transportation, Housing and Urban Development, CHILDCARE and Related Agencies, 2023 • $8 billion for the Child Care and Development Block • Ukraine Supplemental, 2023 Grant • Disaster Supplemental, 2023 • Nearly $12 billion for Head Start
Prism Group Quarterly Report GOODBYE TO THE 117TH… WHAT ISN’T HAPPENING? LEFT ON THE CUTTING ROOM FLOOR Reauthorizations: A number of programs were up for re- authorization during the 117th Congress, but were not passed. This spanned agency reauthorizations (like the SBA) and renewal programs including the Workforce Innovation and Opportunity Act (WIOA), the African Growth and Opportunity Act (AGOA), the Higher Education Act (HEA) and others. A key focus remains on programs and legislation expiring next year, like the 2018 Farm Bill that is set to expire in September 2023 and impacts all aspects of the agriculture sector. Tax Extenders: Many priority business tax provisions did not get done this year. Despite discussions around a possible end of year tax package and tax provisions being folded in as policy riders in the omnibus, the R&D credit was left out of the FY23 omnibus due to gridlock over the child tax credit (CTC). Big Tech Regulation & Antitrust: Despite the significant amount of work in Congress on antitrust this year, and Senate Majority Leader Chuck Schumer’s promise to tackle legislation on this issue, this was also left out of the last legislative vehicle of the year. Big tech continues to fall under a microscope of scrutiny across both sides of the aisle, but there is no one-size- fits-all approach that has gained the approval of both parties.
Prism Group Quarterly Report GOODBYE TO THE 117TH… LET’S NOT FORGET THE REGULATORY AGENDA Big bank regulators proposed modernizations to the Community Reinvestment Act (CRA) to bring greater accountability to investment and financial services. CRA modernizations will be finalized in 2023 upon the release of a final rule, the rule will impact various sectors of the economy and will impact the way capital flows to small businesses, consumers, and private industries. The American Rescue Plan Act (ARPA) reauthorized and extended the State Small Business Credit Initiative (SSBCI) program to provide $10 billion as a response to the economic effects of the COVID-19 pandemic and regulators at Treasury sought advice from the private sector on how to best spend the remaining funding set- aside for small business investments at the state level. To view the current rollout of state SSBCI funds, refer to the Prism Group tracker here. Various agencies (Small Business Administration, Department of Defense, etc.) have proposed new regulations for government contractors impacting provisions in the National Defense Authorization Act, the SBA’s 8(a) business development program, and others. The 117th Congress and the Biden Administration have made contracting reforms a top priority and we expect to see more action along these lines in the 118th Congress. Over the last two years, labor laws and regulations have come under great scrutiny at the federal and state levels. In particular regulators at the Department of Labor (DOL) and the National Labor Relations Board (NLRB) proposed two mammoth regulatory proposals that would impact the way employees are categorized. The DOL released a proposed rule to reclassify joint employer standards under the National Labor Relations Act, receiving a mass influx of public comment (12,945). The NLRB put forth a proposal to implement a 6-factor non-exhaustive economic reality test that would rescind and replace current standards for determining whether an employee is considered a W2 or 1099 worker (this proposal received 55,220 comments).
Prism Group Quarterly Report HELLO TO THE 118TH… BALANCE OF POWER IN THE 118TH: ELECTION RECAP AND LOOKING AHEAD Republicans will have a four-seat advantage in the House, 222-213. The Senate, after the Georgia run-off, will be 51-49 in favor of the Democrats (we lump the three independent Senators in with the Democrats). Prepare for some fresh faces and new Committee assignments in the 118th Congress. Although Prism Group offered our initial and immediate analysis of the 2022 midterm elections in November, a lot has happened behind the scenes with the transition of the incoming Congress January 2023. PARTY LEADERSHIP Kevin McCarthy (R-CA), the presumed Speaker for the past two years, does not have the votes to become Speaker as of this writing. By our count, up to 13 Republicans are either holding their votes or will outright vote against him on January 3. This race will be fluid until the end, and if McCarthy does not win in the first round of balloting on the floor, long knives will be out for him. Our bet is that a weakened McCarthy prevails, but rest assured that others are moving now to potentially fill a vacuum if the voting moves past a second round on the floor. Already decided: Rep. Steve Scalise (R-LA) will be Majority Leader, Rep. Tom Emmer (R-MN) will be Whip, Rep. Elise Stefanik (R-NY) will be GOP conference chairwoman, and Rep Richard Hudson (R-NC) will helm the NRCC. Senator Mitch McConnell (R-KY) and his team will return in the Senate. From a sheer power perspective, he will continue to be one of the most consequential people in Washington. No one better knows the power of the minority in the Senate. Democratic House Leadership offices will look a lot different this year, marking end of an era under Speaker Nancy Pelosi and Leader Steny Hoyer. House Democrats, though in the minority, have unanimously voted in Rep. Hakeem Jeffries (D-NY) as the Democratic Leader, Rep. Katherine Clark (D-MA) as the Minority Whip, current Whip Jim Clyburn (D-SC) will be the Assistant Democratic Leader, and Rep. Pete Aguilar (D-CA) will be Caucus Chair. In contrast to the GOP, the Dems are a sea of tranquility. In the Senate, the Democrats will keep their Old Guard in place. Sen. Chuck Schumer (D-NY) will continue to sit as the Grand Master of the Senate. Power dynamics – Prism Group will have committee rosters in our Q1 report once they are organized. (As a reminder, sign up for our daily EIW newsletter to get immediate intel as committee assignments roll out. Sign up here.)
Prism Group Quarterly Report HELLO TO THE 118TH… BALANCE OF POWER IN THE 118TH: ELECTION RECAP AND LOOKING AHEAD MEET THE FRESHMAN The 118th Congress will consist of at least 71 freshmen. 1/6 of Congress is new. NEW SENATE MEMBERS ALABAMA MISSOURI OHIO Katie Britt Eric Schmitt J.D. Vance (R-AL) (R-MO) (R-OH) OKLAHOMA PENNSYLVANIA VERMONT Markwayne John Fetterman Peter Welch Mullin (D-PA) (D-VT) (R-OK) NEW HOUSE MEMBERS ARIZONA ILLINOIS MONTANA OHIO TEXAS Eli Crane (R-AZ-2) Jonathan Jackson (D-IL-1) Ryan Zinke (R-MT-1) Greg Landsman (D-OH-1) Nathaniel Moran (R-TX-1) Juan Ciscomani (R-AZ-6) Delia Ramirez (D-IL-3) Emilia Sykes (D-OH-13) Keith Seth (R-TX-3) Nikki Budzinski (D-IL-13) NEW JERSEY Morgan Luttrell (R-TX-8) CALIFORNIA Eric Sorensen (D-IL-17) Thomas Kean Jr. (R-NJ-7) OKLAHOMA Monica De La Cruz (R-TX-15) Kevin Kiley (R-CA-3) Robert Menendez Jr. (D- Josh Brecheen (R-OK-2) Jasmine Crockett (R-TX-30) John Duarte (R-CA-13) INDIANA NJ-8) Greg Casar (D-TX-35) Kevin Mullin (D-CA-15) Erin Houchin (R-IN-9) OREGON NEW MEXICO Val Hoyle (D-OR-4) Wesley Hunt (R-TX-38) Sydney Kamlager (D-CA-37) Robert Garcia (D-CA-42) IOWA Gabe Vasquez (D-NM-2) Lori Chavez De-Remer VIRGINIA Zach Nunn (R-IA-3) (R-OR-5) Jen Kiggans (R-VA-2) COLORADO NEW YORK Andrea Salinas (D-OR-6) Brittany Pettersen (D-CO-7) KENTUCKY Nick LaLota (R-NY-1) VERMONT Yadira Caraveo (D-CO-8) Morgan McGarvey (D-KY-3) George Santos (R-NY-3) PENNSYLVANIA Becca Balint (D-VT-AL) Anthony D’Esposito (R-NY-4) Summer Lee (D-PA-12) FLORIDA MARYLAND Daniel Goldman (D-NY-10) Chris Deluzio (D-PA-17) WASHINGTON Aaron Bean (R-FL-4) Glenn Ivey (D-MD-4) Mike Lawler (R-NY-17) Marie Gluesenkamp Perez Cory Mills (R-FL-7) Marc Molinaro (R-NY-19) RHODE ISLAND (D-WA-3) MICHIGAN Seth Magaziner (D-RI-2) Maxwell Frost (D-FL-10) Hillary Scholten (D-MI-3) Brandon Williams (R-NY-22) Anna Paulina Luna (R-FL-13) Nick Langworthy (R-NY-23) WISCONSIN John James (R-MI-10) SOUTH CAROLINA Derrick Van Orden (R-WI-3) Laurel Lee (R-FL-15) Shri Thanedar (D-MI-13) Russel Fry (R-SC-7) Jared Moskowitz (D-FL-23) NORTH CAROLINA Don Davis (D-NC-1) WYOMING MISSISSIPPI TENNESSEE Harriet Hageman (R-WY-AL) GEORGIA Mike Ezell (R-MS-4) Valerie Foushee (D-NC-4) Andy Ogles (R-TN-5) Rich McCormick (R-GA-6) Chuck Edwards (R-NC-11) Mike Collins (R-GA-10) MISSOURI Wiley Nickel (D-NC-13) Mark Alford (R-MO-4) Jeff Jackson (D-NC-14) HAWAII Eric Burlison (R-MO-7) Jill Tokuda (D-HI-2)
CONGRESSIONAL CALENDAR Both chambers in session Senate only in session House only in session 01 January 02 February 03 March 04 April Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa 1 2 3 4 5 6 7 1 2 3 4 1 2 3 4 1 8 9 10 11 12 13 14 5 6 7 8 9 10 11 5 6 7 8 9 10 11 2 3 4 5 6 7 8 15 16 17 18 19 20 21 12 13 14 15 16 17 18 12 13 14 15 16 17 18 9 10 11 12 13 14 15 22 23 24 25 26 27 28 19 20 21 22 23 24 25 19 20 21 22 23 24 25 16 17 18 19 20 21 22 29 30 31 26 27 28 26 27 28 29 30 31 23 24 25 26 27 28 29 30 05 May 06 June 07 July 08 August Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa 1 2 3 4 5 6 1 2 3 1 1 2 3 4 5 7 8 9 10 11 12 13 4 5 6 7 8 9 10 2 3 4 5 6 7 8 6 7 8 9 10 11 12 14 15 16 17 18 19 20 11 12 13 14 15 16 17 9 10 11 12 13 14 15 13 14 15 16 17 18 19 21 22 23 24 25 26 27 18 19 20 21 22 23 24 16 17 18 19 20 21 22 20 21 22 23 24 25 26 28 29 30 31 25 26 27 28 29 30 23 24 25 26 27 28 29 27 28 29 30 31 30 31 09 September 10 October 11 November 12 December Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa 1 2 1 2 3 4 5 6 7 1 2 3 4 1 2 3 4 5 6 7 8 9 8 9 10 11 12 13 14 5 6 7 8 9 10 11 3 4 5 6 7 8 9 10 11 12 13 14 15 16 15 16 17 18 19 20 21 12 13 14 15 16 17 18 10 11 12 13 14 15 16 17 18 19 20 21 22 23 22 23 24 25 26 27 28 19 20 21 22 23 24 25 17 18 19 20 21 22 23 24 25 26 27 28 29 30 29 30 31 26 27 28 29 30 24 25 26 27 28 29 30 31
Prism Group Quarterly Report HELLO TO THE 118TH… FIRST 100 DAYS The 118th Congress could be one of the most gridlocked in history. The Biden- Harris White House, a Democratic Senate (with a true majority 51-49), and a Republican-controlled House (222-212, with one vacancy) will set the course for drastically different policy agendas. The majorities in either chamber will need to be nimble to achieve their policy goals. The GOP is expected to move fast on their agenda, but internal factional turmoil may kill the momentum on implementing the overall blueprint for the first 100 days of legislating. GOP ranking Members and staff have been preparing legislative text for the past few months for quick introduction in January. With Republicans at the helm of the Speaker’s office in the House, “oversight” will remain a huge buzzword in 2023. Oversight on federal funding, federal agencies, COVID relief, and the implementation of major laws passed in 2021-2022 will take center stage. As Republicans gear up for the 2024 Presidential election cycle, every move made by a Democrat in the 117th Congress will come under great scrutiny. Get ready for an unbearable amount of 2024 prognosticating -- with an emphasis on Messrs Trump and DeSantis—and maybe Biden himself. In the Senate, with Democrats enjoying a true but slim 51-49 majority, Senators will look to confirm remaining vacancies in the Biden-Harris administration and will utilize the majority power of issuing subpoenas unabated. Despite the divided balance of power, some issue areas will have overwhelming bipartisan support in the 118th Congress (these issues don’t lack buy-in, they lack alignment across the aisle on how to get the job done), including how to regulate the technology sector including big tech, antitrust, and cryptocurrency, and the threat of rising powers (see China). On both sides of the aisle, a handful of laws will undergo a rigorous review including the Inflation Reduction Act, Infrastructure Investment and Jobs Act, and the American Rescue Plan Act on their effectiveness, efficiency, and overall implementation progress.
Prism Group Quarterly Report GIMME THE GAVEL: 2023 PRIORITIES FOR CONGRESS AND THE BIDEN ADMINISTRATION REPUBLICANS COMPROMISE/ DEMOCRATS HAS TO GET DONE Budget/FY24/ FY25 Funding Debt Ceiling NDAA 24/25 Tax Extenders/ Expiration of TCJA Tax Cuts Anything Expiring in 2025 COULD GET DONE Farm Bill WIOA SBA Reforms Crypto Tech Regulation PREVENT Pandemics Act
Prism Group Quarterly Report STATE UPDATES STATES SET THE STAGE Prism Group has a dedicated team of experienced state government affairs professionals engaged in client issues across the US. Here is what to know at the end of 2022: 2022 state elections were a reflection of national trends as Republicans slightly underperformed expectations and Democrats made a few significant gains. Most state governments continue to have healthy budget surpluses, which typically leads to expeditious work and less turmoil. An unusually large number of first year lawmakers may make leadership discipline important. Identifying and approaching these new officeholders should be a priority for your organization – being a reliable and familiar face will help to form key early relationships. All 50 state legislatures will convene in 2023, with session dates that vary from thirty days to year-round. ELECTION OUTCOMES As anticipated, Democrats gained two Gubernatorial offices in Maryland and Massachusetts. Only one incumbent Governor, Steve Sisolak (D-NV) lost his reelection bid. Next year there will be 28 Republican and 22 Democrat Governors. Legislative majorities remained roughly the same with a few notable results. Minnesota Democrats gained a majority in the Senate and will have full control of the Legislature while Michigan Republicans lost control of both the House and Senate for the first time in decades. A state trifecta occurs where all legislative chambers and the Governor’s office are controlled by the same party. In 2023, Republicans will have 23 state trifectas, Democrats 14 trifectas, and 13 states will have divided government in some form.
Prism Group Quarterly Report STATE UPDATES: WHAT WE EXPECT BUDGETS & TAXES State revenues once again saw record levels of increases in 2022 with tax revenues higher than pre-pandemic levels. Strong employment, federal funding, and taxes on consumer were contributors even as inflation increased the prices of consumer goods. Fiscal Year 2023 could see slower rates of growth and lawmakers may not be as willing to entertain appropriations risks as they have in the recent past. Major slowdowns in state revenues will likely not begin until 2025 as federal funds are depleted. Because of healthy state budgets, we do not expect many income or sales tax increase proposals, rather debates will likely be on finding ways to reduce some of these burdens. However, indirect taxes on consumers and businesses may be used to fund major new policy enactments. GREEN POLICIES Next year will see a focus on major new environmental programs around the country. Many states will look for ways to lower carbon footprints with a significant focus on reducing or eliminating gas powered vehicles. Mandates coupled with incentives for the use of electric cars and trucks will be a big focus and Governors will compete to bring green industries to their states. We expect several states to create large new programs to restrict consumer packaging, particularly single-use plastic items. While implementation will take years, much of the burdens fall on manufacturers who will have to pass on increased costs to customers.
Prism Group Quarterly Report STATE UPDATES: WHAT WE EXPECT SOCIAL ISSUES Recent federal court decisions coupled with an inability for Congress to find solutions for emotional social issues means that many states will take up those debates. Lawmakers on both sides will not hesitate to engage each other on matters relate to abortion, gender identity or voter requirements. As a result, legislative activity in all other areas may be affected as slowdowns and high feelings dominate. LABOR AND WAGES Beginning in January, twenty-five states will raise their wages with four states establishing minimum wages above than $15 per hour. With state revenues remaining high next year, calls to increase wages in more states will be strong as will related discussions related to paid family leave. Labor friendly states such as those with Democratic trifectas will make strong efforts to increase regulations to reclassify independent contractors and workers in workers in fast food and franchised industries. 2023 STATE MINIMUM WAGE RATES $13.00 $7.25 $13.18 $13.80 $9.95 $7.25 $10.59 TBD $15.00 $7.25 $7.25 $10.80 $14.20 $7.25 TBD $13.00 $7.25 $7.25 $7.25 $10.50 $13.00 $14.13 $10.10 $7.25 $13.00 $7.25 $11.75 $13.65 $8.75 $13.25 $15.50 $7.25 $12.00 $12.00 $7.25 $7.25 $7.25 $13.85 $7.25 $11.00 $7.25 $12.00 $7.25 $7.25 $7.25 $7.25 $7.25 $11.00 $10.85 INCREASED MINIMUM WAGE IN 2023 TBD MINIMUM WAGE IN 2023 IS STAYING THE SAME
Prism Group Quarterly Report STATE UPDATES: WHAT WE ALWAYS KEEP IN MIND Complete one-party control of state government does not everyone will agree on the same priorities. Poor communication between new Governors and veteran legislators often brings unforeseen problems that slow the process down. The legislative year following an election is typically busier than in even numbered years. Less worry about voters combined with energized freshmen normally means more sweeping policy initiatives, a greater willingness to increase taxes and increase regulation. State legislatures normally act much more quickly and at different times than Congress and all legislatures have different rules regarding amendments, committee hearings and lobbying rules. It is vital to always remain engaged and aware regarding issues of importance in priority states. Put plans in place early and prepare to adapt quickly. With a divided federal government, eyes will be on states next year to effect quick change, particularly on social issues.
OUR APPROACH Prism Group has achieved nearly unmatched growth among its government relations and public affairs peers. We attribute that success – across more than a dozen industries – to our top Prism Group is a bipartisan priority: restoring customer service to government affairs. integrated government affairs This approach manifests itself in several ways across our firm: and strategic communications 1. Understanding our client’s business and mission. Government affairs functions firm that specializes in helping best when our team is thinking like your team member, visualizing opportunity corporations, sovereign and risk and responding accordingly. Through regular communication, research governments, non-profits and and experience we develop true and deep knowledge of our clients, so we can trade associations navigate anticipate the next move. complex legislative and 2. Team-wide availability. We don’t limit who works on clients to ensure every opportunity to leverage networks, knowledge and relationships is maximized. Our regulatory environments. team’s diversity ensures clients receive fresh ideas and benefit from our broad Headquartered in Washington, contacts and modern engagement tools. D.C., our firm engages 3. Partner-level continuity and attention. Partners engage in daily conversations policymakers and influencers, and drive action. Our talented support team of government and communications builds and manages coalitions, professionals supplement, but do not replace, our proven partners. gathers actionable intelligence and offers a full set of tools A THREE-TIERED OUTLOOK for media and grassroots communication to impact ON INFLUENCING POLICY An impactful government affairs strategy does not decisions critical to our clients. need to be complex. Accordingly, we view every engagement Fortune 50 companies, as generally achieving some combination of the following that leading trade associations and helps shape policy in alignment with objectives: Washington’s most influential 1. Raising visibility: Regardless of the policy agenda, Washington and state capitals require organizations to remain relevant. From communications to fly-ins organizations rely on Prism Group to novel alliances to outside-the-box ideas, Prism Group aims to keep its clients to achieve their advocacy goals. influential no matter what. Our hallmarks are strong client 2. Short-term policy: What can be achieved this year? During this Congress? communication, clear objectives Regulatory changes on the horizon? These are the short-term efforts that need to and measurable results. be addressed head on. Prism Group knows which legislative vehicles are moving, and more importantly, how to get your priority included or mitigated. 3. Long-term policy: Major changes to the tax code. Regulatory overhauls. Trade deals. These do not happen overnight, but instead rarely and we are thinking today what challenges you will face in the next decade. Ensuring your critical victory doesn’t miss its moment means keeping a regular drumbeat of engagement and positioning of champions. What’s in the back of your minds is always on ours.
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