TRP is Hiring: Legislative Assistant (Health Portfolio)

After three insanely busy weeks, this next week looks to be at a more humane pace with only a handful of hearings of relevance to the Financial Services industry.   On Tuesday the Senate Banking Committee will hold a hearing on Cannabis in the banking industry, as proponents of cannabis banking continue to advance their […]

Congress has adjourned for the week as negotiations on a sweeping budget deal continue behind the scenes. Despite reaching a general agreement on the framework for the deal, talks are still ongoing over specific numbers, offsets, and structural issues. Late yesterday, the White House gave House Democrats an extended list of $574 billion in offset […]

House lawmakers will reconvene this morning to begin a busy day of legislative business. In addition to legislation authorizing appropriations for U.S. intelligence operations and a resolution holding key administration officials in contempt of Congress, Democratic leadership has queued up a bipartisan bill that would repeal the Affordable Care Act's (ACA) so-called "Cadillac” tax. Designed to curb incentives […]

The White House and Congressional leaders are continuing negotiations on a sweeping budget deal that would address budgetary spending caps, the debt ceiling, and fiscal year (FY) 2020 appropriations. Despite indications of progress from House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin, the dwindling summer floor time — coupled with the slow pace […]

Both chambers of Congress will return to action this afternoon. When the House gavels in first, lawmakers will begin consideration of 14 suspension bills out of the Foreign Affairs and Small Business Committees. This includes: (1) a measure amending the Small Business Act to require cyber certification for small business development center counselors; (2) legislation […]

The Week in Review House lawmakers completed work on the lower chamber’s version of the National Defense Authorization Act (NDAA), passing the $733 billion measure to end last week’s work session. Prior to final passage, the House tacked on several provisions— including: (1) repealing the 2002 Authorization for Use of Military Force (AUMF); (2) preventing the Trump administration from deploying troops to the U.S.-Mexico border; and (3) requiring Congressional authorization […]

The House Financial Services Committee is set to resume its mark-up of a series of bills — including those reforming the credit reporting industry – on Tuesday. If past is prologue then be prepared for another marathon mark-up that may last the whole day.   Also this week the House Financial Services Committee and the […]

House lawmakers are set to dive into a second day of work on the lower chamber’s version of the National Defense Authorization Act (NDAA). As of yesterday, over 100 amendments have been adopted to the $733 billion bill as progressives seek to tack on their big-ticket measures that would: (1) restrict the use of military […]

Lawmakers will begin work on the House version of the fiscal year (FY) 2020 National Defense Authorization Act (NDAA), starting with the rule to govern debate on the measure. The rule would make in order 439 amendments for floor consideration, suggesting that work on the $733 billion measure could extend late into the week. With House […]

The House will return to action later this afternoon as lawmakers will look to clear seven Financial Services bills under suspension of the rules. This includes a resolution that encourages the Securities and Exchange Commission (SEC) to collaborate with state securities regulators in efforts to protect investors, as well as a legislation requiring the Department […]

Congress returns to action this week to begin a three-week legislative session prior to leaving for the August recess. The limited floor time in July is stirring up angst among lawmakers as both chambers remain far apart on addressing key fiscal deadlines pertaining to budgetary spending caps, appropriations, and the debt ceiling. Negotiations between top […]

The Week in Review Lawmakers wrapped up the month of June with a busy week of floor activity that saw significant legislative items pass both chambers. In the House, lawmakers resumed their push to clear fiscal year (FY) 2020 spending bills, passing the second five-bill “minibus” — which includes the Agriculture, Commerce-Justice-Science (CJS), Interior-Environment, Military Construction-Veterans’ Affairs (VA) and Transportation-Housing and Urban […]