DECEMBER 2022

FEDERAL REPORT

The 2022 Midterm elections are over (with a few races still to be decided). The New 118 th Congress will begin on Tuesday, January 3, 2023 with smaller GOP Majority in the U.S. House of Representatives than had been antic ipated and a yet-to-be-determined outcome for the U.S. Senate due to the run-off election in Georgia on Tuesday, December 6, 2022. The current ratio for the U.S. Senate is 49 Republicans and 50 Democrats and it’s likely the Georgia run-off will decide if the Senate will be equally divided (50-50) or with Senate Democrats being in the majority (51-50). In North Carolina races, there will be five new Members of the U.S. House delegation (Don Davis, D-NC-01, Valerie Foushee, D-NC-04, Chuck Edwards, R-NC-11, Wiley Nickel, D-NC-13, Jeff Jackson, D-NC-14.) In addition, former Representative Ted Budd won the U.S. Senate election race to replace retiring U.S. Senator Richard Burr. This Congress still has some unfinished business in providing funding for the FY 23 government agencies (expires on December 16, 2022). This “Continuing Resolution” (CR) or Omnibus legislation will likely be finished prior to the start of the new Congress. It appears that Congress will be split beginning in January 2023, and will have different legislative approaches to governing. It’s likely there will be few major legislative proposals with a divided Congress but likely some bi-partisan legislation that would include the annual renewal of the 2023 Farm Bill, debt limit increase, reduce federal spending, and National Security related issues.

JOHN COOPER Connect C Managing Partner

NATHAN HONAKER Connect C Legal Counsel

BRAD EDWARDS Jenkins Hill Consulting Principal

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