Aside from the obvious impact of control of the US House going from the republicans to democrats relative to President Trump (House initiated investigations, possible impeachment articles, etc.), what might be some of the more impactful changes to the franchise industry as a result? First and foremost, we look at the potential new leadership of House Committees. The ranking member of the House Committee on Education and the Workforce, Representative Bobby Scott (D-VA) is expected to become chairman. Under his leadership, the committee will look to exercise significantly more oversight over the Department of Labor (DOL) and the National Labor Relations Board (NLRB). In fact, first up will be a name change – it will again become the Committee on Education and Labor (by which it was known when last controlled by democrats) in order to emphasize its focus on worker issues. He has also promised to focus committee efforts on minimum wage increases and paid leave mandates. Although Scott has been open to discussing the impact of the joint employer definition on small businesses, the flip will make it significantly more challenging for a legislative resolve to the issue to make it through the House. Not so the idea of increasing the federal minimum wage however. In fact, there are some who have already proffered the $15 federal minimum as the first bit of business the democratic House should tackle! Corrections to the Tax Cuts and Jobs Act relating accelerated depreciation is one of those issues caught in the House flip, and how that correction plays out remains to be seen. Unfortunately, Massachusetts Congressman Richard Neal, who is poised to become Chairman of the powerful House Ways & Means Committee, did not mention it when he spoke with the media this week. He did announce that he will push to get the President’s tax returns as a top committee priority. In a similar vein, California Representative Maxine Waters is positioned to take over the chairmanship of the powerful Financial Services Committee with significant power over the Securities and Exchange Commission, and through it, the US stock market!! Yes, she of the “if you see anybody from that cabinet in a restaurant, . . . tell them they’re not welcome” mindset will be a powerful official voice within our nation’s government and a “leader” with potentially direct impact on the United States economy.