FINANCIAL SERVICES WEEK AHEAD MARCH 25 to MARCH 29

U.S. House of Representatives

House Committee Activity

Appropriations

Appropriations, Subcommittee on Financial Services and General Government
Hearing: Office of Management and Budget Request for FY 2020
Tuesday, March 26, 10:00 AM
, 2362-A Rayburn HOB
Witness panel:
Russ Vought, Acting Director, Office of Management and Budget

Energy and Commerce

Energy and Commerce, Subcommittee on Communications and Technology
Markup: H.R. 1644 the Save the Internet Act of 2019
Tuesday, March 26, 10:00 AM
, 2123 Rayburn HOB 

Financial Services

Financial Services
Hearing: The Administration of Disaster Recovery Funds in the Wake of Hurricanes Harvey, Irma, and Maria
Tuesday, March 26, 10:00 AM
, 2128 RHOB
Witness panel:
Fernando Gil Enseñat, Secretary of Housing, Puerto Rico
Jeremy Kirkland, Counsel to the Inspector General, U.S. Department of Housing and Urban Development
Daphne Lemelle, Executive Director, Harris County Community Services Department
Marion Mollegen-McFadden, Senior Vice President, Enterprise Community Partners

Financial Services, Multiple Subcommittees
Markup: H.R. 389; H.R. 1500; H.R. 1595; H.R.1815; and H.R. ____, the Ending Homelessness Act of 2019
Tuesday, March 26, 2:00 PM, 2128 RHOB
H.R. 389, the “Kleptocracy Asset Recovery Rewards Act” An amendment in the nature of a substitute, no. 1, offered by Mr. Lynch.
H.R. 1500, the “Consumers First Act” An amendment in the nature of a substitute, no. 2, offered by Ms. Waters.
H.R. 1595, the “Secure and Fair Enforcement Banking Act of 2019” An amendment in the nature of a substitute, no. 3, offered by Mr. Perlmutter.
H.R. 1815, the “SEC Disclosure Effectiveness Testing Act” An amendment in the nature of a substitute, no. 4, offered by Mr. Casten.
H.R. ____, the “Ending Homelessness Act of 2019” An amendment in the nature of a substitute, 
no. 5
, offered by Ms. Waters.

Oversight and Reform

Oversight and Reform, Subcommittee on Economic and Consumer Policy
Hearing: Subcommittee on Economic and Consumer Policy Hearing on Improving Data Security at Consumer Reporting Agencies
Tuesday, March 26, 2:00 PM
, 2154 Rayburn HOB
Witness panel not yet published. 

Small Business

Small Business
Hearing: Unlocking Small Business Retirement Security
Wednesday, March 27, 11:30 AM, 2360 Rayburn HOB
Witness panel:
Ms. Martella A. Turner-Joseph, Founding Partner, Joseph & Turner Consulting Actuaries, LLC, 
New York, NY, Testifying on behalf of the American Retirement Association
Mr. Paul F. Davidson, Director, Product Management Paychex, Inc., 
Rochester, NY

Mr. Greg Gorgone, CFO, Citizant, Inc, Chantilly, Virginia
Mr. Keith Hall, President and Chief Executive Officer, National Association for the Self-Employed, Washington, DC

Ways and Means

Ways and Means, Subcommittee on Trade
Hearing: Trade and Labor: Creating and Enforcing Rules to Benefit American Workers
Tuesday, March 26, 10:00 AM
, 1100 Longworth HOB
Witness panel not yet published. 

Ways and Means
Hearing: The 2017 Tax Law and Who It Left Behind
Wednesday, March 27, 10:00 AM
, 1100 Longworth HOB
Witness panel:
Elise Gould, Ph.D., Senior Economist, Economic Policy Institute,
Jason Oh, Professor of Law, University of California Los Angeles School of Law
Christopher M. Shelton, President, Communications Workers of America
Nancy Abramowitz, Professor of Law and Director of the Janet R. Spragens Federal Tax Clinic, American University Washington College of Law

House Floor Activity

Legislation Considered Pursuant to a Rule:

H.R. 7 Paycheck Fairness Act [PDF] This bill would amend the Fair Labor Standards Act of 1938 to alter remedies to individuals who are discriminated against on the basis of sex. It includes certain nonretaliation provisions and enhanced penalties. In addition to these provisions the legislation incorporates various reporting, training, grant programs, research requirements, and instructions to the Department of Labor. 

H.Res. 124 Expressing opposition to banning service in the Armed Forces by openly transgender individuals. [PDF] This resolution is the House Majority’s legislative response to actions taken by the Trump Administration to restrict service in the U.S. Armed Forces by transgender people.

Legislation Considered Under Suspension of the Rules: 

Foreign Affairs, Energy and Commerce, and Natural Resources legislation is expected on the floor.

List of Suspensions:
H.R. 920 Venezuela Arms Restriction Act, as amended 
[PDF]
H.R. 854 Humanitarian Assistance to the Venezuelan People Act of 2019, as amended [PDF]
H.R. 1616 European Energy Security and Diversification Act of 2019, as amended [PDF]
H.R. 1477 Russia-Venezuelan Threat Mitigation Act, as amended [PDF]
H.R. 1839 Medicaid Services Investment and Accountability Act of 2019 [PDF]
H.R. 1388 Lytton Rancheria Homelands Act of 2019 [PDF]
H.R. 297 Little Shell Tribe of Chippewa Indians Restoration Act of 2019 [PDF]

U.S. Senate

Senate Committee Activity

Appropriations

Appropriations Subcommittee on Financial Services and General Government
Hearings to examine proposed budget estimates and justification for fiscal year 2020 for the Commodity Futures Trading Commission and the Securities and Exchange Commission,
Wednesday, March 27, 2:30 PM
 – SD-192
Witness panel:
The Honorable J. Christopher Giancarlo, Chairman, U.S. Commodity Futures Trading Commission
The Honorable Jay Clayton, Chairman, U.S. Securities and Exchange Commission

Banking

Banking, Housing, and Urban Affairs Hearings to examine
Chairman’s housing reform outline, part I,
Tuesday, March 26, 10:00 AM
 – SD-538
Witness panel:
Ms. Sue Ansel, President And CEO Gables Residential, On behalf of The National Multifamily Housing Council
Mr. Edward J. DeMarco, President, Housing Policy Council
Mr. Mark M. Zandi, Chief Economist, Moody’s Analytics
Mr. Hilary O. Shelton, Washington Bureau Director And Senior Vice President For Advocacy And Policy, NAACP
Mr. Adam Levitin, Professor Of Law, Georgetown University Law Center

Banking, Housing, and Urban Affairs
Hearings to examine Chairman’s housing reform outline, part II,
Wednesday, March 27, 10:00 AM
 – SD-538
Witness panel:
Mr. Michael Bright, President And CEO, The Structured Finance Industry Group
Mr. Robert D. Broeksmit, President And CEO, Mortgage Bankers Association
Ms. Lindsey Johnson, President, U.S. Mortgage Insurers
Mr. Vince Malta, President Elect, National Association of Realtors
Ms. Carrie Hunt, Executive Vice President Of Government Affairs And General Counsel, National Association of Federally-Insured Credit Unions
Mr. Michael D. Calhoun, President, Center for Responsible Lending

Budget

Budget
Fiscal Year 2020 Budget Resolution Part I,
Wednesday, March 27, 2:30 pm
 – SD-608

Budget
Fiscal Year 2020 Budget Resolution Part II
Thursday, March 28, 10:30 am
 – SH-216

Commerce

Commerce, Science, and Transportation Subcommittee on Manufacturing, Trade, and Consumer Protection
Hearings to examine small business perspectives on a federal data privacy framework,
Tuesday, March 26, 2:30 PM
 – SD-562
Witness panel:
Mr. Justin Brookman, Director, Privacy and Technology Policy for Consumer Reports
Ms. Nina Dosanjh, Vice Chair, Technology Policy Committee, National Association of Realtors
Mr. Jefferson England, Chief Financial Officer, Silver Star Communications
Mr. Evan Engstrom, Executive Director, Engine Advocacy and Research Foundation
Mr. Ryan Weber, President, KC Tech Council

Senate Floor Activity

This week the Senate will resume consideration of Executive Calendar #20, Bridget S. Bade, of Arizona, to be United States Circuit Judge for the Ninth Circuit.

In addition to the noted nomination, Senator McConnell has filed cloture on the two following:

Motion to proceed to Calendar #27, S.J.Res.8: recognizing the duty of the Federal Government to create a Green New Deal. Leader McConnell had previous pledged and has now motioned to proceed with a test vote on a resolution in support of the Green New Deal. 

S. J. Res. 8 Recognizing the duty of the Federal Government to create a Green New Deal[PDF] This resolution sets forth the principles of the Green New Deal and would declare that the government has the responsibility to achieve those principles.

Motion to proceed to Calendar #15, H.R.268: making supplemental appropriations for the fiscal year ending September 30, 2019. This is the House related bill to S. 572. 

S. 572 A bill to provide for additional supplemental appropriations for disaster relief. [PDF]This disaster relief spending package, which allocates approximately $13.6 billion, tracks closely with the House disaster package passed in January. The House companion allocated $14.2 billion.

During the balance of the week, the Senate may consider any cleared legislative and executive business.

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