Late Friday night, the Senate capped a frenetic few days with the adoption of a “wraparound” amendment to H.R. 1, the Tax Cuts and Jobs Act.  These amendments were drawn to the manager’s amendment which incorporated a range of individual members’ amendments that had been prepared for the bill, along with new language negotiated throughout the day.  Many of these amendments are technical, clarifying or making minor revisions to non-notable provisions.  However, there were some important revisions that were made as a result of intense negotiations.  Included in those amendments was restoring the IC-DISC tax incentive.  The California Cotton Ginners and Growers Association (CCGGA) was heavily involved in this effort working closely with a tax coalition focused on IC-DISC, and was on the phone daily last week with Washington, DC and New York, NY.  We also want to recognize our members and Associate members who took the time to write letters and make calls to legislators throughout last week.  It was the specific examples of the impact of potentially losing IC-DISC that changed the tide for us.  The bill now heads to Conference Committee, where the Association will still be closely monitoring the situation to protect IC DISC.