FINANCIAL SERVICES WEEK AHEAD SEPTEMBER 9 to SEPTEMBER 13

U.S. House of Representatives

House Committee Activity

Armed Services

Subcommittee on Intelligence and Emerging Threats and Capabilities
Hearing, Securing the Nation’s Internet Architecture

Tuesday, September 10
2:00 PM
2118 Rayburn HOB
Witness panel:
Ms. Jeanette Manfra, Assistant Director for Cybersecurity, Cybersecurity and Infrastructure Security Agency, U.S. Department of Homeland Security
Ms. Diane Rinaldo, Acting Assistant Secretary and Administrator, National Telecommunications and Information Administration, U.S. Department of Commerce
Mr. B. Edwin “Ed” Wilson, Deputy Assistant Secretary of Defense for Cyber Policy, Office of the Undersecretary of Defense for Policy, U.S. Department of Defense
More information available here.

Energy and Commerce

Subcommittee on Communications and Technology
Hearing, Legislating to Connect America, Improving the Nations Broadband Maps

Wednesday, September 11
10:30 AM
2322 Rayburn HOB
Legislative Text

  • H.R. 2643, the “Broadband Mapping After Public Scrutiny Act of 2019” [PDF]
  • H.R. 3162, the “Broadband Data Improvement Act of 2019” [PDF]
  • H.R. 4128, the “Map Improvement Act of 2019” [PDF]
  • H.R. 4229, the “Broadband Deployment Accuracy and Technological Availability Act” [PDF]
  • H.R. 4227, the “Mapping Accuracy Promotes Services Act” or the “MAPS Act” [PDF]

Support Documents

  • Hearing Notice [PDF]
  • Briefing Memo [PDF]

Financial Services

Full Committee
Hearing, A $1.5 Trillion Crisis, Protecting Student Borrowers and Holding Student Loan Servicers Accountable

Tuesday, September 10
10:00 AM
2128 RHOB
Legislation

  • H.R. ____, the “Student Loan Servicing Reform and Consumer Protection Act” [DRAFT]
  • H.R. ____, the “Fair Credit Reporting for Student Loans Act” [DRAFT]
  • H.R. ____, the “Fair Student Loan Debt Collection Practices Act” [DRAFT]
  • H.R. ____, the “Private Loan Disability Discharge Act” [DRAFT]
  • H.R. ____, the “Ensuring Fair Legal Recourse for Private Student Loan Borrowers Act” [DRAFT]
  • H.R. 2833, the “CFPB Student Loan Integrity & Transparency Act”
  • H.R. ____, the “Know Before You Owe Private Education Loan Act” [DRAFT]
  • H.R. ____, the “Promoting Homeownership and Community Investments by Student Borrowers Act” [DRAFT]
  • H.R. 3511, the “Transform Student Debt to Home Equity Act”

Witness panel:

  • Seth Frotman, Executive Director, Student Borrower Protection Center
  • Persis Yu, Staff Attorney, National Consumer Law Center
  • Ashley Harrington, Senior Policy Counsel, Center for Responsible Lending

 

Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets
Hearing, Examining Private Market Exemptions as a Barrier to IPOs and Retail Investment

Wednesday, September 11
10:00 AM
2128 RHOB
Witness panel:
Ms. Renee Jones, Dean for Academic Affairs and Professor of Law, Boston College Law School
Ms. Elisabeth de Fontenay, Professor of Law, Duke University School of Law
Mr. Michael Pieciak, President, North American Securities Administrators Association, and Vermont Commissioner of Financial Regulation, Vermont Department of Financial Regulation
Dr. Andrew Lo, Professor, Massachusetts Institute of Technology Sloan School of Management
Text of Legislation

  • H.R.___: Private Securities Transparency and Reform Act [PDF]
  • H.R.___: To require the Securities and Exchange Commission to submit a report to Congress about private securities offerings [PDF]
  • H.R.___: Fair Investment Opportunities for Professional Experts Act [PDF]
  • H.R.___: Crowdfunding Amendments Act [PDF]
  • H.R. 2899: Main Street Growth Act [PDF]
  • H.R. ___: Rare Disease Fund Act [PDF]
  • H.R. ___:Family Office Technical Correction Act [PDF]
  • H.R. 609: Small Business Mergers, Acquisitions, Sales and Brokerage Simplification Act [PDF]

Support Documents

  • Hearing Notice [PDF]
  • Hearing Memo [PDF]
  • Hearing Memo Appendix [PDF]

Subcommittee on National Security, International Development, and Monetary Policy
Hearing, Examining the Macroeconomic Impacts of a Changing Climate
Wednesday, September 11
2:00 PM
2128 RHOB
Witness panel:
Mr. Andy Karsner, Managing Partner of Emerson Collective and Former Assistant Secretary of Energy
General Stephen Cheney (Ret.), Chief Executive Officer, American Security Project
Ms. Veronica Eady, Assistant Executive Officer for Environmental Justice, California Air Resources Board
Ms. Alicia Seiger, Managing Director, Stanford’s Sustainable Finance Initiative

Dr. Marshall Burke, Assistant Professor and Deputy Director, Stanford’s Center on Food Security and the Environment

Text of Legislation

  • H.R.___ [PDF]

Support Documents

  • Hearing Notice [PDF]
  • Hearing Memo [PDF]

 

Task Force on Artificial Intelligence
Hearing, The Future of Identity in Financial Services, Threats, Challenges, and Opportunities

Thursday, September 12
9:30 AM
2128 RHOB
Support Documents

  • Hearing Notice [PDF]

Oversight and Reform

Subcommittees on Intelligence and Emerging Threats and Capabilities and National Security
Hearing, Securing the Nation’s Internet Architecture

Tuesday, September 10
2:00 PM
2118 Rayburn HOB
Joint hearing with House Armed Services.

Judiciary

Full Committee
Markup, H.R. 1423 the Forced Arbitration Injustice Repeal Act or FAIR Act; H.R. 1236 the Extreme Risk Protection Order Act of 2019; H.R. 1186 the Keep Americans Safe Act; H.R. 2708 the Disarm Hate Act; H.R. 4018 To provide that the amount of time that an elderly offender must serve before being eligible for placement in home detention is to be reduced by the amount of good time credits earned by the prisoner and for other purposes; and H.R. 2426 the Copyright Alternative in Small-Claims,

Tuesday, September 10
2:00 PM
2141 Rayburn HOB
Text of Legislation

  • H.R. 1423, the “Forced Arbitration Injustice Repeal Act” or “FAIR Act” [PDF]
  • H.R. 1236, the “Extreme Risk Protection Order Act of 2019” [PDF]
  • H.R. 1186, the “Keep Americans Safe Act” [PDF]
  • H.R. 2708, the “Disarm Hate Act” [PDF]
  • H.R. 4018, “To provide that the amount of time that an elderly offender must serve before being eligible for placement in home detention is to be reduced by the amount of good time credits earned by the prisoner, and for other purposes” [PDF]
  • H.R. 2426, the “Copyright Alternative in Small-Claims Enforcement Act of 2019” or the “CASE Act of 2019” [PDF]

Amendments

  • H.R. 1423 Amendment in the Nature of a Substitute – Nadler #1 [PDF]
  • H.R. 1236 Amendment in the Nature of a Substitute – Nadler #2 [PDF]
  • H.R. 1186 Amendment in the Nature of a Substitute – Nadler #3 [PDF]
  • H.R. 2708 Amendment in the Nature of a Substitute – Nadler #4 [PDF]
  • H.R. 4018 Amendment in the Nature of a Substitute – Nadler #5 [PDF]
  • H.R. 2426 Amendment in the Nature of a Substitute – Nadler #6 [PDF]

Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law
Hearing, Online Platforms and Market Power Part 3, The Role of Data and Privacy in Competition

Thursday, September 12
9:00 AM
2141 Rayburn HOB
Support Documents

  • Hearing Notice [PDF]

Transportation and Infrastructure

Subcommittee on Highways and Transit
Hearing, Pricing and Technology Strategies to Address Congestion on and Financing of Americas Roads

Wednesday, September 11
10:00 AM
2167 Rayburn HOB
More information available here.

House Floor Activity

Legislation Considered Pursuant to a Rule:

H.R. 205 Protecting an Securing Florida’s Coastline Act of 2019 [PDF] This legislation, offered by Rep. Francis Rooney of Florida, amends the Mexico Energy Security Act of 2006 to make permanent a ban on oil drilling and certain related activities in the Eastern Gulf of Mexico.

H.R. 1146 Arctic Cultural and Coastal Plain Protection Act [PDF] This legislation, offered by Rep. Jared Huffman of California, would prohibit the Bureau of Land Management from overseeing activities related to energy development at the Coastal Plain of the Arctic National Wildlife Refuge in Alaska.

H.R. 1941 Coastal and Marine Economies Protection Act[PDF] This legislation, offered by Rep. Joe Cunningham, would prohibit the Department of Interior offering oil or gas energy development in the Atlantic Outer Continental Shelf or Pacific Outer Continental Shelf planning areas.

Legislation Considered Under Suspension of the Rules:

Energy and Commerce and Financial Services legislation is expected on the floor.

Financial Services Suspensions:

H.R. 2852 Homebuyer Assistance Act of 2019, as amended[PDF] This legislation would amend laws related to home appraisal with relation to FHA insured mortgages and state appraisers. 

H.R. 3620 Strategy and Investment in Rural Housing Preservation Act of 2019, as amended [PDF] This legislation would amend the Housing Act of 1949 to make changes to rural housing programs.

H.R. 281 Ensuring Diverse Leadership Act of 2019, as amended [PDF] This legislation would apply a Rooney rule to appointments to the Federal Reserve Bank made by the President. The legislation also makes conforming changes to use gender neutral pronouns while referring to various financial services related officials in statute.

H.R. 241 Bank Service Company Examination Act [PDF]This legislation would expand coordination of federal and state bank agencies with relation to bank service companies.

H.R. 1690 Safe Housing for Families Act of 2019, as amended [PDF] This legislation would require carbon monoxide detectors in certain federally funded housing.

Other Suspensions:

H.R. 2114 Enhancing State Energy Security Planning and Emergency Preparedness Act of 2019 [PDF]
H.R. 1420 Energy Efficient Government Technology Act [PDF]
H.R. 1768 Diesel Emissions Reduction Act of 2019 [PDF]
H.R. 1760 Advanced Nuclear Fuel Availability Act [PDF]

U.S. Senate

Senate Committee Activity

Appropriations

Full Committee
Business meeting to markup an original bill making appropriations for the Department of Defense for the fiscal year ending September 30, 2020, an original bill making appropriations for Energy and Water Development for the fiscal year ending September 30, 2020, an original bill making appropriations for the Department of State, Foreign Operations, and Related Programs for the fiscal year ending September 30, 2020, an original bill making appropriations for the Department of Labor, Department of Health and Human Services, Department of Education, and Related Agencies for the fiscal year ending September 30, 2020, and 302(b) subcommittee allocations of budget outlays and new budget authority allocated to the committee in H.Con.Res.71, establishing the congressional budget for the United States Government for fiscal year 2018 and setting forth the appropriate budgetary levels for fiscal years 2019 through 2027
Thursday, September 12
10:30 AM
SD-106

Banking

Full Committee
Banking, Housing, and Urban Affairs, Hearings to examine housing finance reform, focusing on next steps

Tuesday, September 10
10:00 AM
SD-538
Witness panel:
The Honorable Steven T. Mnuchin, Secretary, U.S. Department of the Treasury
The Honorable Benjamin S. Carson, M.D., Secretary, U.S. Department of Housing and Urban Development
The Honorable Mark A. Calabria Ph.D., Director, Federal Housing Finance Agency

Full Committee
Hearings to examine developments in global insurance regulatory and supervisory forums

Thursday, September 12
10:00 AM
SD-538
Witness panel:
Mr. Steven Seitz, Director, Federal Insurance Office, United States Department of the Treasury
Mr. Thomas Sullivan, Associate Director, Board of Governors, Federal Reserve System
The Honorable Eric A. Cioppa, Superintendent, Maine Bureau of Insurance, on behalf of the National Association of Insurance Commissioners.

Judiciary

Subcommittee on Intellectual Property
Hearings to examine innovation in America, focusing on how Congress can make our patent system stronger

Wednesday, September 11
2:30 PM
SD-226
Witness panel:
Professor Tom Cotter, Briggs And Morgan Professor of Law, The University of Minnesota School of Law, Minneapolis, MN
Mr. Bradley N. Ditty, Vice President, General Patent Counsel, InterDigital Holdings, Inc., Wilmington, DE
Mr. Dan Lang, Vice President, Intellectual Property, Cisco Systems, San Francisco, CA
Professor Adam Mossoff, Professor of Law, Antonin Scalia Law School, George Mason University, Arlington, VA
Mr. Josh Landau, Patent Counsel, Computer and Communications Industry Association, Washington, DC
Mr. Earl “Eb” Bright II, President, ExploaMed, Mountain View, CA

Senate Floor Activity

The Senate will next convene at 3:00pm, Monday, September 9th. Following Leader remarks, the Senate will resume consideration of Executive Calendar #403, Kelly Craft, of Kentucky, to be Representative of the United States to the UN General Assembly.

At 5:30pm, the Senate will vote on the motion to invoke cloture on the Craft nomination.

When the Senate was last in session in August, Senator McConnell filed cloture on the following nominations:

  1. Executive Calendar #403, Kelly Craft, of Kentucky, to be Representative of the United States to the UN General Assembly.
  2. Executive Calendar #5, Elizabeth Darling, of Texas, to be Commissioner on Children, Youth, and Families, Department of Health and Human Services.
  3. Executive Calendar #174, Stephen Akard, of Indiana, to be Director of the Office of Foreign Missions, with the rank of Ambassador.
  4. Executive Calendar #246, Dale Cabaniss, of Virginia, to be Director of the Office of Personnel Management.
  5. Executive Calendar #294, James Byrne, of Virginia, to be Deputy Secretary of Veterans Affairs.
  6. Executive Calendar #333, Michelle Bowman, of Kansas, to be a Member of the Board of Governors of the Federal Reserve System.
  7. Executive Calendar #335, Thomas Feddo, of Virginia, to be Assistant Secretary of the Treasury for Investment Security.
  8. Executive Calendar #407, Jennifer Nordquist, of Virginia, to be United States Executive Director of the International Bank for Reconstruction and Development.

At a time to be determined by the Majority Leader in consultation with the Democratic Leader, the Senate will also vote on confirmation of following nominations:

  1. Executive Calendar #233, Stephanie L. Haines, of Pennsylvania, to be United States District Judge for the Western District of Pennsylvania;
  2. Executive Calendar #326, Ada E. Brown, of Texas, to be United States District Judge for the Northern District of Texas;
  3. Executive Calendar #352, Steven C. Seeger, of Illinois, to be United States District Judge for the Northern District of Illinois;
  4. Executive Calendar #344, Mary S. McElroy, of Rhode Island, to be United States District Judge for the District of Rhode Island;
  5. Executive Calendar #346, Stephanie A. Gallagher, of Maryland, to be United States District Judge for the District of Maryland.

5:30pm, Monday September 9th – 1 roll call vote:

  1. Motion to invoke cloture on Executive Calendar #403, Kelly Craft, of Kentucky, to be Representative of the United States to the UN General Assembly.

During Thursday 3 September’s session, the Senate reached an agreement for the consideration of Calendar #102, S. 1340, Ebola Eradication Act of 2019. At time to be determined by the Majority Leader in consultation with the Democratic Leader, no later than Thursday September 26th, the Senate will proceed to the consideration of the bill. The only amendment in order is Lee amendment #935. There will be up to 2 hours of debate equally divided between the two leaders or their designees followed by a vote on adoption of the Lee Amendment with a 60 vote affirmative threshold for adoption. The Committee-reported amendment, as amended, if amended, will be agreed to. The Senate will then vote on passage of the bill, as amended. Another message will be sent when the votes are scheduled.

TBD in September—2 roll call votes

  1. Lee amendment #935 (re: to modify the authorization of assistance) (60-vote threshold for adoption)
  2. Passage of S. 1340, Ebola Eradication Act of 2019
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