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In this week's special episode, we cover some key takeaways coming out of the 2022 midterm elections. Host Heather Horn sat down with Michael O’Brien of PwC’s Office of Government, Regulatory Affairs, & Public Policy group to discuss how the midterm election outcomes may impact companies and what we can expect from Congress over the next two years.

In this episode you’ll hear:

• 1:40 - An overview of the outcome of the midterm elections 
• 7:40 - The impact of a split Congress on President Biden’s legislative agenda
• 13:42 - The key points companies should be aware of regarding the outcomes of state elections
• 18:13 - What the results of the midterm elections mean for the SEC and PCAOB’s agendas
• 22:12 - Background on the upcoming Congressional leadership elections and their influence on future legislation
• 28:44 - Ways President Biden might accomplish his agenda with a split Congress over the next two years
• 35:28 - What to expect from the “lame duck” Congress over the next month
• 40:33 - Advice for companies as they navigate the current period of uncertainty

Want to learn more about recent federal actions? Check out our podcast episode on the US government’s proposal on federal contractor climate disclosures.

Michael O’Brien is a Managing Director in the Office of Government, Regulatory Affairs & Public Policy. In his current role, Michael represents the firm and its interests before Congress, the Executive Branch, and Federal regulatory agencies. He has represented the firm on matters related to the implementation of Sarbanes-Oxley and Dodd-Frank, state and federal taxation, and litigation reform.

Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected].