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Description: In this episode of HL Pensions NewsBeat, Hogan Lovells pensions partner Claire Southern gives a recap of the last two weeks in the world of pensions, including: some good news on DB funding; tidying up on lifetime allowance abolition provisions; engagement with green pensions; the extension of CDC arrangements; and speculation on what the upcoming budget might hold. To listen to more episodes of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
Disclaimer: Please note that this podcast episode is conducted entirely in German. In der ersten Folge von HL Real Distress sprechen Martin Günther und Leonie Hartmann, beide sind Teil des Real Estate Teams bei Hogan Lovells, zu Distressed Acquisitions. Sie erläutern, was man unter einer solchen Acquisition versteht und welche Risiken damit einhergehen, insbesondere zivilrechtliche und insolvenzrechtliche Gefahren. Martin teilt wertvolle Einblicke, wie Käufer sich durch kluge Vertragsgestaltung gegen diese Risiken absichern können. Abschließend wird der Fokus auf zukünftige Folgen gelegt, in denen die Minimierung des Risikos einer Insolvenz-Anfechtung thematisiert wird. Warum machen wir eine Serie zu HL Real Distress, weil sie Fachwissen und praxisnahe Einblicke in ein hochaktuelles Thema bietet, das viele Investoren und Immobilienexperten betrifft, insbesondere in wirtschaftlich unsicheren Zeiten. Durch fundierte Diskussionen können komplexe rechtliche und wirtschaftliche Risiken besser verstanden und wertvolle Lösungsansätze vermittelt werden. Weitere Informationen zu Hogan Lovells Real Estate Praxis finden sie hier: https://www.hoganlovells.com/en/service/real-estate
In this episode of HL PensionsPod, Counsel Beth Sheehan is joined by Senior Associate Jade Rigby as they discuss three recent cases in which trustees' powers of amendment have come under close scrutiny in the courts. To listen to more episodes of HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage To listen to episodes of our other podcast series, HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
Description: In this episode of HL Pensions Newsbeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the latest on the government's pension review; how the Pensions Regulator is getting busy; and the Pensions Ombudsman's blog on how he's going to get things cooking on gas. To listen to more episode of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
In this podcast, Sector Head and partner Nicola Evans and counsel Jordan Teti introduce this year's publication of Insurance Horizons. They speak briefly on the key trends that are impacting the insurance sector, from digital transformation, to ESG, to geopolitical and economic uncertainty.
In this episode of HL Pensions Newsbeat, Hogan Lovells pensions partner Claire Southern gives a recap of the last two weeks in the world of pensions, including who is getting tough on dashboards, government and pensions regulator align on investments and some good news from the Pension Protection Fund. To listen to more episode of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
State Attorneys General continue to play a key role in shaping the ESG environment in the U.S. In this podcast, Abby Wilhelm and Jason Downs from our State Attorneys General practice group discuss where the land lies and the key things that insurers operating in the U.S. need to know.
In this episode of HL PensionsPod, pension Partner Duncan Buchanan takes some time out with Betsy Horton, Trainee and Sam Lamsdale, Associate to ask them what it is like coming into a new team and the experience of a trainee. They get down to the nitty gritty discussing what the people are like, what the expectations are, what supervision looks like and what is networking. If you have ever wondered what it is like being a trainee in a global law firm, or want to know more about getting into Pensions law, then this podcast is for you! To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage To listen to more episode of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
In this episode of HL Pensions Newsbeat, Hogan Lovells pensions partner Claire Southern gives a recap of the last two weeks in the world of pensions, including research findings from The Pensions Regulator, The Fabian's take a stand for changes to pension tax; and the growing calls for reforms to auto-enrolment. To listen to more episode of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
In this episode of HL Pensions Newsbeat, Hogan Lovells pensions partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the FCA's proposed traffic light system, the Chancellor's inspiration from down under, details of the government's proposed pension review and the guidance issued by PASA. To listen to more episode of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions partner Claire Southern gives a recap of the last two weeks in the world of pensions. In an adrenaline fueled fortnight as the Olympics come to a close, Claire celebrates her personal connection to St. Lucia. The Pensions arena has also had two weeks of excitement with the decision on Virgin Media, a new DB Funding Code, the Pensions Ombudsman's Corporate Plan and finally news on Superfunds and ESG compliance. To listen to more episode of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage Follow us on LinkedIn here.
In this episode of HL Pensions Newsbeat, Hogan Lovells pensions partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the Kings Speech, the long anticipated pensions review and some not so welcome news for aunty Beeb and Boots the Chemist. To listen to more episode of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including a who's who of the ministers in Pensions and the new Government's plan for Pensions; Willis Towers Watson's finding on the new general code; and an insight into what Trustees are really worrying about. To listen to more episode of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
In this episode of HL Pensions Newsbeat, Hogan Lovells pensions partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the recent blog from Dominic Harris, Pensions Ombudsman, finding from PensionBee on the upcoming election and a warning to Trustees on chair statements. To listen to more episode of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including The General Election 2024; TPR's “update from the Pensions Regulator” speech; HMRC newsletter 160; PASA's guidance on data accuracy; and TPR's prosecution of a former sports centre director. To listen to more episode of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
In this episode of HL PensionsPod, pension Partner Duncan Buchanan and Senior Associate Jim Davis discuss correcting mistakes and handling members' complaints including tips for trustees when handling complaints, the PO determination of Mr E, the recent CMG case, and more. To listen to other episodes of HL PensionsPod, click here: https://www.engage.hoganlovells.com/knowledgeservices/news/the-hl-pensionspod To listen to episode of our other podcast series, HL Pensions NewsBeat, click here: HL Pensions NewsBeat: https://www.engage.hoganlovells.com/knowledgeservices/news/hl-pensions-newsbeat-all-episodes
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including TPR's corporate plan for 2024 to 2027; Pensions Dashboards updates from PASA and the Pensions Dashboards Programme; and an interesting Pensions Ombudsman determination relating to Barber. To listen to more episode of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
In this latest episode, Ivan Zapien, Tim Bergreen, and Ches Garrison share their thoughts on what we may see from the House and Senate in the remaining months of 2024, and the upcoming presidential election.
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including TPR's climate governance report; HMRC pension scheme newsletters 157 and 158; WEALTH at work's research on pensions engagement; and a recent Pensions Ombudsman determination about transfers. To listen to more episode of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
Niki Roberts, Partner, in conversation with Brandy Copley, Deputy Regional General Counsel at JERA Americas.
Jacky Scanlan-Dyas, M&A Partner in Hogan Lovells, Tokyo, Regional Lead for Corporate in Japan, and Co Lead for Hogan Lovells Manufacturing and Industrials sector, in conversation with Toshimi Itakura, Global General Counsel for Sojitz Corporation.
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the TPR's value for money updates; the DWP's guidance on pensions dashboards connections; and TPR's findings on diversity on trustee boards. To listen to more episode of HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage To listen to episodes of our other podcast series, HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/
Hogan Lovells partner Megan Ridley-Kaye, in conversation with Julie Westbrook, General Counsel and Chief Compliance Officer at Cresta.
“In this episode of HL PensionsPod, Jade Rigby is joined by special guests Katie Walker (Lane Clark and Peacock), Joe Craig (Quietroom) and Sarah Brennan (Dalriada Trustees), to discuss what has been seen in practice one year since the diversity, equality and inclusion guidance from TPR. To listen to other episodes of HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage To listen to episode of our other podcast series, HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage Follow us on LinkedIn here: https://www.linkedin.com/showcase/101861071/feed/posts/”
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the Taskforce for Social Factors new guide; TPR's blog on ESG; TPR's consultation on statement of strategy; and the DWP's consultation on surplus and the PPF as a public consolidator.
Hogan Lovells' Senior Associate Stephanie Fishman, in conversation with Jackie Siebens, Director of Public Affairs at Helion Energy.
Hogan Lovells' partner Megan Nishikawa, in conversation with Anne Brooksher-Yen, Vice President of Joint Ventures, Trade Compliance, and Litigation at Celanese.
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including The Pension Regulator's LDI 2022 report, developments on the gender pensions gap, information for trustees on data breaches and the Court of Appeal ruling on the Railways Pension Scheme. To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the new draft funding and investment regulations; TPR's guidance on investments in the private markets; Avon Cosmetics v Dalriada Trustees; and Newell Trustees Ltd v Newell Rubbermaid UK Services Ltd. To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
In this latest episode, Ivan Zapien, Tim Bergreen, and Ches Garrison discuss the upcoming presidential election, recent international developments, and more. (29 January 2024)
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including The Pension Regulator's new general code of practice; HMRC's guidance on lifetime allowance; and some interesting determinations from the Pensions Ombudsman on surplus distribution. To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
A surge of interest in the build-to-rent (BTR) housing sector in Australia is drawing in large numbers of international investors. Developers are piling into commercially-operated rental housing with tenants in place and which helps to drive Australia's social goals towards providing a consistent stock of acceptable housing. Whilst BTR represents just a fraction of one per cent of Australia's completed housing stock, analysts predict the market will grow many times over to become one market worth in excess of AU$290 billion. Japanese investors are particularly keen on the sector. We look at the opportunities and challenges.
Hogan Lovells Associate Hannah Vero talks about the upcoming changes to the EU consumer credit legislative framework, specifically the introduction of the Second Consumer Credit Directive ((EU) 2023/2225) (CCD II), beginning with an overview of the current Consumer Credit Directive (2008/48/EC) and the rationale for the genesis of CCD II.
Hogan Lovells Counsel Andrew Eaton and Senior Associate Dervla Simm discuss the interplay between UK financial services regulatory reform and the Government's wider ongoing initiatives to diverge from EU law post-Brexit. The two explore the Financial Services and Markets Act 2023 and the Retained EU Law (Revocation and Reform) Act 2023, looking at how these two pivotal pieces of legislation interact with each other in financial services and what this means for businesses in the year ahead.
In this episode of HL PensionsPod, Pension partners Katie Banks and Duncan Buchanan look at the year ahead for defined benefit schemes, discussing tax and the abolition of the lifetime allowance, the regulatory landscape, some upcoming cases and more. To read our latest newsletter, click here: https://ehoganlovells.com/rv/ff00bd691de700c1b6c25afa4740bedcea8b0ebe To listen to other episodes of HL PensionsPod, click here: https://www.engage.hoganlovells.com/knowledgeservices/news/the-hl-pensionspod To listen to episode of our other podcast series, HL Pensions NewsBeat, click here: HL Pensions NewsBeat: https://www.engage.hoganlovells.com/knowledgeservices/news/hl-pensions-newsbeat-all-episodes
Hogan Lovells' leveraged loans specialists Paul Mullen, Global Head of Banking & Loan Finance, and senior consultant Susan Whitehead have a wide-ranging discussion about the impact of high interest rates and other challenging market conditions on the European mid-market leveraged loans market. They cover whether documentation terms for existing deals might help portfolio companies who have borrowed in the last few years, how the originations market for new financings is faring, and whether they are seeing documentation terms changing in response to the challenging conditions.
Hogan Lovells' Robert Gardener, Director of Government Affairs in London, and Aaron Cutler, Government Relations and Public Affairs (GRPA) partner based in Washington D.C., discuss the forthcoming political elections happening on both sides of the Atlantic. Amongst other things, they consider how resulting changes in governmental approach may impact our financial institutions clients, including the future approach to ESG.
In the first 2024 episode of HL PensionsPod, Katie Banks, Partner, and Jim Davis, Senior Associate, discuss what a capital-backed journey plan is, who would use a capital-backed journey plan, what trustees should be thinking about when considering a capital-backed journey plan, and more. To listen to other episodes of HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage To listen to episode of our other podcast series, HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including highlights to the Finance Bill, TPR on cybersecurity, capital-backed journey plans, the Autumn Statement and thoughts from the Financial Conduct Authority (FCA) and the HM Treasury on financial advice. To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the new pensions minister, highlights of the Chancellor's Autumn Budget Statement, news on the Mansion House Reforms, TPR's blog on helping savers to access their DC pensions savings and the Department of Work and Pensions' review of the master trust. To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including TPR's regulatory and criminal action taken against the former owner of Norton Motorcycles; TPR's speech at the Mansion House Pensions Summit; The Pensions Dashboards Programme progress update report; Mr W PO determination on pension transfers “amber flags”; CMG Court of Appeal: is the Pensions Ombudsman a “competent court”? To register for our recent developments in pensions seminar on 28 November 2023, click here: Seminar invitation | Recent Developments in Pensions | 28 November 2023 (ehoganlovells.com) To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the plethora of papers from the PLSA Annual Conference, TPR's thoughts on dashboards and getting tougher, an update on small pots, a new investment vehicle for pension schemes, and the Taskforce on Nature-related Financial Disclosure. To register for our recent developments in pensions seminar on 28 November 2023, click here: Seminar invitation | Recent Developments in Pensions | 28 November 2023 (ehoganlovells.com) To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
In this episode of HL PensionsPod, pension Partner Duncan Buchanan is joined by pension Associate Jade Rigby to discuss climate reporting for pension schemes. Join us to find out what exactly TCFD means, what schemes climate reporting applies to, the key obligations to look out for and more. To listen to other episodes of HL PensionsPod, click here: The HL PensionsPod - Hogan Lovells Engage To listen to episode of our other podcast series, HL Pensions NewsBeat, click here: HL Pensions NewsBeat: all episodes - Hogan Lovells Engage
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the consultation on general levy regulations, a case on automatic enrolment compliance, the Department of Work and Pensions' review of the Pensions Regulator, the PPF's new Trustmark accreditation, cybersecurity notifications, and a Pensions Ombudsman's case on pension transfer. To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the latest from TPR, the PPF levy consultation and an update on the automatic enrolment bill. To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including changes to defined contribution guidance, pensions transfers for vulnerable customers, an update on Pension Wise and climate developments. To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the three court cases involving the Pension Protection Fund, BBC and Universities Superannuation Scheme, new PASA guidance on defined benefit accuracy data, TPR superfund guidance and LCP findings on sole trustees and the bulk annuity market. To sign up to our trustee training day on 13 September, click here: https://ehoganlovells.com/rv/ff00af15fa2da7c2f87026a3e246ae9375995757 To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the draft legislation on the lifetime allowance, an update on the Virgin Media case, the latest developments on Pensions Dashboards, and more. To sign up to our trustee training day on 13 September, click here: https://ehoganlovells.com/rv/ff00af15fa2da7c2f87026a3e246ae9375995757 To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions, including the Mansion House speech, new consultations, and more. To sign up to our trustee training day on 13 September, click here: https://ehoganlovells.com/rv/ff00af15fa2da7c2f87026a3e246ae9375995757 To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
In this episode of HL Pensions NewsBeat, Hogan Lovells pensions Partner Claire Southern gives a recap of the last two weeks in the world of pensions. To sign up to our trustee training day on 13 September, click here: https://ehoganlovells.com/rv/ff00af15fa2da7c2f87026a3e246ae9375995757 To access a recording from Hogan Lovells recent developments in pensions webinar, 21 June 2023, click here: https://www.hoganlovells.com/en/events/recent-developments-in-pensions-21-june-2023 To view more content from the Hogan Lovells pensions team, click here: https://www.engage.hoganlovells.com/knowledgeservices/pensions
In this latest episode, Ivan Zapien, Tim Bergreen, and Ches Garrison are joined by Kolo Rathburn, an associate on the Hogan Lovells Government Relations and Public Affairs team to review the passage of the debt limit bill and the possibility of a government shutdown at the end of September. Additionally, the speakers dive into the subject of appropriations and the politics driving this process in both chambers of Congress.