In a Legal Update prior to the US 2016 elections, we highlighted the possibility of tax policy legislation being considered in the lame-duck and discussed the prospects for tax reform in 2017. Post-election, with full GOP control of both the executive and legislative branches pending in 2017, most major policy changes will be deferred until then, and the odds of enactment of major tax legislation within the next two years are very high. This Legal Update provides interested taxpayers with information on some of the key considerations, with regard to both process and policy, that policymakers will need to address.