NOW IT’S OFFICIAL : What You Need to Know About the New US Congress
The dust may have settled for voters after the historic US midterms, but for businesses, it’s only just kicking up.
The next US Congress more closely resembles a labyrinth than a landscape; a new, diverse, conflicting, and evolving legislative maze for businesses to manage. The “blue wave” helped Democrats gain the most seats in the House in a single election since the 1970s (38 and counting). And after being out of power for the past two years, Democrats are ready to make some bold moves in the next Congress.
What can you expect? For starters, high-profile investigations into President Trump’s finances and business dealings, as well as into Russia’s interference with the 2016 election (i.e. lots of time and legal drudgery for the Administration on the Hill). Businesses should also be well-versed in compromise; compromise from both parties will be a constant theme if any legislation is to be passed. Prepare for some prominent clashes between Democrats and Republicans over legislative priorities and proposals on issues such as healthcare, cybersecurity, immigration, transportation, and climate change. In other words … businesses should prepare for a bumpy ride.
But these clashes could have been predicted. What wasn’t so obvious? Here are some notable election takeaways:
- Historic Numbers: Over 110 million Americans voted or approximately 49% of eligible voters, the highest turnout for a midterm election in over 50 years.
- Girl Power: Congress will have more women than ever (at least 124).
- Fresh Faces: Across both sides of the aisle there will be close to 100 new faces in Congress.
- Youth Leading the Way: The average age of a member being ten years younger than it is now.
- Making Healthcare Priority: Exit polls clearly demonstrated that healthcare coverage and its rising costs were a key driver leading to the Democrats retaking control of the U.S. House of Representatives.
Want to learn more? Read Interel’s complete analysis of the US Midterm elections here.