The House Ways and Means Committee released the Tax Cuts and Jobs Act (H.R. 1) on Thursday, November 2, 2017. The proposed tax legislation covers a broad scope of topics, many of which could affect investment advisers and the funds and accounts that they manage. While it too early to make a prediction as to whether any tax reform bill will pass and what will be in the final version, we encourage clients to familiarize themselves with the proposed legislation. Additional information about the current bill can be found here.