On November 16, 2017, the US Senate Finance Committee completed its tax reform and approved the bill.
The bill, approved by the Finance Committee (“the SFC Bill”), contains a number of changes to the original proposed reform (“Chairman’s Mark”) as examined by the Finance Committee. These changes were introduced through the change in the mark of a chairman of the board and the change of a manager.
Once the Senate has approved its tax reform bill, both chambers need to match the differences between the two bills and then vote in order to release the final bill in the same way before the law on tax reform can be signed by the President Trump.
