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Deficit Reduction and Sequestration:

What to Expect from the Super Committee

Thursday, August 18, 2011 | Live Briefing and Teleconference

Briefing | 8:30 a.m. - 10:00 a.m. EDT | 1333 New Hampshire Ave., N.W. | Washington, DC 20036

Please join us by teleconference, if you are not able to join us for the live briefing in Washington.

Teleconference | 11:30 a.m. - 12:30 p.m. EDT

The Budget Control Act (BCA) of 2011 has significant implications for possible congressional action this fall on additional initiatives to reduce the federal budget deficit, including possible action to reform current spending, entitlement and revenue policies.

Please join us for an informative presentation and lively discussion of the Super Committee process, its role and responsibilities in the upcoming deficit reduction process, as well as the sequestration enforcement mechanism should the Super Committee in the event it is unable to advance a deficit reduction package. Specifically, the session will discuss the anticipated implementation of the BCA, with a particular focus on—
discretionary spending and the effect of the BCA on the FY 2012 and FY 2013 appropriations process, including implications for a possible continuing resolution (CR) or omnibus appropriation bill prior to the beginning of the new fiscal year on October 1

the Super Committee – its membership, governance, deficit reduction goals, statutory powers and policy mandates

possible policy options that the Super Committee may examine and approaches to deficit reduction that the Super Committee may choose to pursue

the “baseline” scorekeeping issue and its potential impact on the Super Committee’s deliberations

the issue of “extraneous” matters and their potential consideration by the Super Committee

the role of the committees of jurisdiction in the Super Committee process, as well as the role of the Administration

the potential impact of the recent S&P credit rating downgrade on the Super Committee’s deliberations

sequestration – what it is and how it could be triggered; which spending is exposed and what is protected; and circumstances that could give rise to a full or “mini” sequester

defense – the potential implications of a sequester for defense spending vs. “security” spending

health – the potential impact of a sequester on health providers and beneficiaries

taxes and revenues – the potential implications for tax reform, “loophole closers” and the tax “extenders”, as well as other provisions expiring at the end of 2011

new initiatives – the potential implications for any new legislative initiatives this fall, such as a possible “jobs” bill or economic recovery initiative.
Click here
http://info.akingump.com/reaction/Mkt_Web_Files/Alerts/110805_Budget_Control_Act_2011.pdf
to read an OVERVIEW of the Budget Control Act.

Click here
http://info.akingump.com/reaction/Mkt_Web_Files/Alerts/110805_Budget_Control_Act_2011-Analysis.pdf
to read ANALYSIS AND OBSERVATIONS of the Budget Control Act.

Click here
http://www.akingump.com/communicationcenter/newsalertdetail.aspx?pub=2820
to read the alert “Congressional Leadership Appoint Members of the Super Committee.”


AGENDA
Live Briefing
8:30 a.m. EDT | Registration
9:00 a.m. – 10:00 a.m. EDT | Program

Teleconference
11:30 a.m. – 12:30 p.m. EDT | Program


REGISTRATION
Click here
http://info.akingump.com/rs/ct.aspx?ct=24F76D1ED3E70AEDC1D180ADDA2E941DDDBE5B85EBA13CFF7ECE4A474ACAB363B5541186D084158E39403F3FB1441AF493E6DC534D181E15E6935211B5930D8AC76692C31547D1A70F0237773DC1388D0DDB18749855AA456C2C806280761290589EB8ABEEC87159A4B0245 to register for this event. Please note that space is limited.


CONTACT INFORMATION
If you have any questions, please contact:

Kristin Wood
202.416.5267
woodk@akingump.com
mailto:woodk@akingump.com?subject=Event%20Information%20Query


© 2011 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. IRS Circular 230 Notice Requirement: This communication is not given in the form of a covered opinion, within the meaning of Circular 230 issued by the United States Secretary of the Treasury. Thus, we are required to inform you that you cannot rely upon any tax advice contained in this communication for the purpose of avoiding United States federal tax penalties. In addition, any tax advice contained in this communication may not be used to promote, market or recommend a transaction to another party.

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