Extenders, Inversions on Docket as Congress Finishes Up Year

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Sept. 5 — The House and Senate get back to work Sept. 8 following their summer recess, and though the top priority is to reach an agreement on “must-pass” legislation to fund the federal government after the current fiscal year ends Sept. 30, pending tax issues aren't far behind.
Congress will be in session for most of September, though the exact date is still fluid. After that, Capitol Hill breaks for election campaigns.
Following the Nov. 4 election, Congress is expected to return for two weeks before breaking for the Thanksgiving holiday. Congress should next be in session through December, when work will continue on extending the dozens of expired tax provisions—known as extenders—and reaching consensus on curbing corporate inversions, which are overseas mergers for tax purposes.