The Committee on Private Company Policy (CPC-P) represents the Association’s private company membership by identifying and monitoring legislative and regulatory issues of concern to the private company community and developing and advocating positions on public policy issues on behalf of the private company community. The CPC-P met on September 12 to discuss issues of importance to FEI’s private company members. One of the most important issues to private companies in tax reform and the treatment of pass-through income. The CPC-P was told that tax reform efforts in the next Congress, beginning next January, will be focused on the House Republican leadership’s recently released Tax Reform Blueprint. The blueprint calls for establishment of a “pass-through” tax rate of 25% and a reduction in the corporate tax rate from 35% to 20%. The CPC-P agreed that it will closely monitor Congress’s activity as it drafts tax reform legislation in 2017 and will continue efforts to influence debate to ensure that the interests of private companies are considered as legislators finalize the legislation.