Senators Max Baucus and Orrin Hatch, chairman and ranking member respectively, of the US Senate Finance Committee, have just announced that they have reached agreement on legislation to extend certain expiring tax provisions. The bill will be marked up by the Finance Committee on August 2.
The details of the proposal have not been announced. 
Stoel Rives congratulates the members and staff of the National Hydropower Association ("NHA") who worked hard to achieve last night’s 372-0 passage of HR 5892, the Hydropower Regulatory Efficiency Act of 2012, in the U.S. House of Representatives. While there is still work to be done in the Senate, the unanimous vote in the House