OGR's Take: What Payments Leaders Need to Know About This Week on the Hill

Information provided to members by OGR

As Congress counts down to the Independence Day recess, the Senate faces growing pressure to finalize reconciliation and debt ceiling legislation. At the same time, shifting international dynamics and heightened domestic tensions are altering the focus in Washington—making this a critical week for leaders in financial services and payments policy.

In this week’s OGR’s Big Picture, available exclusively to IPA members, we cover:

• The Senate’s expected vote on the GENIUS Act, a bipartisan bill regulating stablecoins
• Key developments in reconciliation, including potential changes to SALT deductions and business tax extenders
• How internal GOP divisions are shaping the final package—and what moderates and fiscal hawks want
• The debt ceiling timeline and Treasury’s warning of mid-August limits
• Domestic and global implications of the G7 summit, recent violence in Minnesota, and foreign policy shifts
  
  

And in Tuck’s Tax Take: What placeholder tax provisions may reveal about the negotiations—and where Senate Finance is headed next.

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