FINANCIAL SERVICES WEEK AHEAD MARCH 9 to MARCH 13

U.S. House of Representatives

House Committee Activity

Appropriations

Subcommittee on Commerce, Justice, Science, and Related Agencies
Hearing: Department of Commerce Budget Request for FY2021
Tuesday, March 10 10:30 AM
2362-B Rayburn HOB
Witness Panel:
The Honorable Wilbur Ross, Secretary, Department of Commerce
Witness Statement [PDF] More information and webcast available here.

Subcommittee on Financial Services and General Government
Hearing: United States Office of Management and Budget Budget Request for FY2021
Tuesday, March 10 10:00 AM
2008 Rayburn HOB
Witness Panel:
The Honorable Russ Vought, Acting Director, United States Office of Management and Budget
More information and webcast available here.

Subcommittee on Financial Services and General Government
Hearing: Federal Communication Commission Budget Request for FY2021
Wednesday, March 11 10:00 AM
H-309 Capitol
Witness Panel:
Ajit Pai, Chairman, Federal Communication Commission
Jessica Rosenworcel, Commissioner, Federal Communication Commission
More information and webcast available here.

Subcommittee on State, Foreign Operations, and Related Programs
Hearing: Department of the Treasury Budget Request for FY2021
Wednesday, March 11 10:00 AM
2359 Rayburn HOB
Witness Panel:
The Honorable Steven Mnuchin, Secretary, Department of the Treasury
More information and webcast available here.

Subcommittee on the Departments of Labor, Health and Human Services, Education, and Related Agencies
Hearing: National Labor Relations Board Budget Request for FY 2021
Wednesday, March 11 10:00 AM
2358-C Rayburn HOB
Witness Panel:
The Honorable John Ring, Chairman, National Labor Relations Board
The Honorable Peter Robb, General Counsel, National Labor Relations Board
More information and webcast available here.

Energy and Commerce

Subcommittee on Communications and Technology
Markup: Eleven Bills in the Subcommittee on Communications and Technology relating to Public Safety Media Diversity and C-band
Tuesday, March 10 10:00 AM
2123 Rayburn HOB
Text of Legislation

  • (H.R. 451, the “Don’t Break Up the T-Band”, introduced by Reps. Engel (D-NY), Zeldin (R-NY), Green (D-TX), and King (R-NY). [PDF]
  • H.R. 5926, the “Reinforcing and Evaluating Service Integrity, Local Infrastructure, and Emergency Notification for Today’s Networks Act” or the “RESILIENT Network Act”, introduced by Reps Pallone (D-NJ) and McNerney (D-CA). [PDF]
  • H.R. 6096, the “Reliable Emergency Alert Distribution Improvement Act of 2020” or the “READI Act”, introduced by Reps. McNerney (D-CA), Bilirakis (R-FL), Olson (R-TX), and Gabbard (D-HI). [PDF]
  • H.R. 4194, the “National Suicide Hotline Designation Act of 2019”, introduced by Rep. Stewart (R-UT) and others. [PDF]
  • H.R. 5918, A bill to direct the Federal Communications Commission to issue reports after activation of the Disaster Information Reporting System and to make improvements to network outage reporting- introduced by Reps. Matsui (D-CA), Eshoo (D-CA), Thompson (D-CA), and Huffman (D-CA). [PDF]
  • H.R. 1289, the “Preserving Home and Office Numbers in Emergencies (PHONE) Act of 2019”, introduced by Rep. Thompson (D-CA). [PDF]
  • H. Res. 549, a resolution reaffirming the commitment of the House of Representatives to media diversity and pledging to eliminate barriers to such diversity, was introduced by Rep. Demings (D-FL) and others. [PDF]
  • H.R. 3957, the “Expanding Broadcast Ownership Opportunities Act of 2019”, introduced by Reps. Butterfield (D-NC), Clarke (D-NY), Cardenas (D-CA), Rush (D-IL), Veasey (D-TX), and Hastings (D-FL). . [PDF]
  • H.R. 5567, the “Measuring the Economics Driving Investments and Access for Diversity Act of 2020” or the “MEDIA Diversity Act of 2020”, introduced by Reps. Long (R-MO) and Veasey (D-TX). [PDF]
  • H.R. 5564, the “Enhancing Broadcaster Diversity and Inclusion by Verifying and Ensuring the Reporting required by Statute Is Transpiring and Yielding Data Act” or the “Enhancing Broadcaster DIVERSITY Data Act”, introduced by Rep. Clarke (D-NY). [PDF]
  • H.R. 4855, the “Clearing Broad Airwaves for New Deployment Act” or the “C-BAND Act”, introduced by Reps. Doyle (D-PA), Johnson (R-OH), Matsui (D-CA), and Gianforte (R-MT). [PDF]

Support Documents

  • Notice of Markup [PDF]
  • Briefing Memo [PDF]

More information and webcast available here.

Financial Services

Hearing: Holding Wells Fargo Accountable: CEO Perspectives on Next Steps for the Bank that Broke America’s Trust
Tuesday, March 10 10:00 AM
2128 RHOB
Text of Legislation

  • H.R.___: “Megabank Accountability and Consequences Act” [PDF]
  • H.R.___: “Megabank Board and Management Accountability Act” [PDF]
  • H.R.___: “Megabank Board Standards Act” [PDF]
  • H.R.___: “Consumer Abuse Remediation Enhancement (CARE) Act” [PDF]
  • H.R.___: “Disclose Megabank Ratings Act” [PDF]
  • H.R. 3643- “Accountability for Wall Street Executives Act” (Porter) [PDF]
  • H.R. 3885- “the Wall Street Banker Accountability for Misconduct Act” (Gabbard) [PDF]
  • H.R. 4966- “the Greater Supervision in Banking (G-SIB) Act” (Pressley) [PDF]
  • H.R. 5318- “the Bank Merger Review Modernization Act” (C. Garcia) [PDF]

Support Documents

  • Hearing Notice [PDF]
  • Hearing Memo [PDF]
  • Staff Report- “The Real Wells Fargo: Board & Management Failures, Consumer Abuses, and Ineffective Regulatory Oversight” [PDF]

More information and webcast available here.

Financial Services Hearing: Holding Wells Fargo Accountable: Examining the Role of the Board of Directors in the Bank’s Egregious Pattern of Consumer Abuses
Wednesday, March 11 10:00 AM
2128 RHOB
Text of Legislation

  • H.R.___: “Megabank Accountability and Consequences Act” [PDF]
  • H.R.___: “Megabank Board and Management Accountability Act” [PDF]
  • H.R.___: “Megabank Board Standards Act” [PDF]
  • H.R.___: “Consumer Abuse Remediation Enhancement (CARE) Act” [PDF]
  • H.R.___: “Disclose Megabank Ratings Act” [PDF]
  • H.R. 3643- “Accountability for Wall Street Executives Act” (Porter) [PDF]
  • H.R. 3885- “the Wall Street Banker Accountability for Misconduct Act” (Gabbard) [PDF]
  • H.R. 4966- “the Greater Supervision in Banking (G-SIB) Act” (Pressley) [PDF]
  • H.R. 5318- “the Bank Merger Review Modernization Act” (C. Garcia) [PDF]

Support Documents

  • Hearing Notice [PDF]
  • Hearing Memo [PDF]
  • Staff Report- “The Real Wells Fargo: Board & Management Failures, Consumer Abuses, and Ineffective Regulatory Oversight” [PDF]

More information and webcast available here.

Small Business

Markup: Markup of Various Measures
Wednesday, March 11 11:30 AM
2360 Rayburn HOB
Legislation 

  • H.R. 6079, “Microloan Improvement Act of 2020”
  • H.R. 6078, “Microloan Transparency and Accountability Act of 2020”
  • H.R. XXXX, “504 Modernization and Small Manufacturer Enhancement Act of 2020”
  • H.R. XXXX, “504 Credit Risk Management Improvement Act of 2020”
  • H.R. XXXX, “STEP Improvement Act of 2020”
  • H.R. 6021, “Northern Mariana Islands Small Business Development Act”

More information and webcast available here.

House Floor Activity

Legislation Considered Pursuant to a Rule:

S.J. Res. 68 To direct the removal of United States Armed Forces from hostilities against the Islamic Republic of Iran that have not been authorized by Congress. [PDFThis measure would direct the President to terminate the use of U.S. Armed Forces in or against Iran without further explicit approval.

Senate Amendment to H.R. 2486 FUTURE Act [NO BAN Act; Access to Counsel Act of 2020] [No BAN: PDF] [Access to Counsel: PDFHouse leaders have released a pair of House amendments which would incorporate provisions from H.R. 2214, the “National Origin-Based Antidiscrimination for Nonimmigrants Act;” H.R. 5133, the “Affordable Prescriptions for Patients Through Promoting Competition Act;” H.R. 3991, the “Affordable Prescriptions for Patients Through Improvements to Patent Litigation Act; ” and H.R. 5581, the “Access to Counsel Act.”

Possible Consideration of Legislation Related to FISA Reauthorization

Legislation Considered Under Suspension of the Rules:

Judiciary, Natural Resources, Foreign Affairs, Oversight and Reform, House Administration, and Education and Labor legislation is expected on the floor.

List of Suspensions:

  • Res. 754 Expressing the sense of the House of Representatives that the United States should continue to support the people of Nicaragua in their peaceful efforts to promote democracy and human rights, and use the tools under United States law to increase political and financial pressure on the government of Daniel Ortega, as amended [PDF]
  • Res. 410 Encouraging reunions of divided Korean-American Families [PDF]
  • R. 2444 Eastern European Security Act, as amended [PDF]
  • R. 1771 Divided Families Reunification Act [PDF]
  • Senate Amendment to H.R. 1365 To make technical corrections to the Guam World War II Loyalty Recognition Act [PDF]
  • Res. 756 Implementing recommendations adopted by the Select Committee on the Modernization of Congress [PDF]
  • R. 2877 To add Ireland to the E-3 nonimmigrant visa program [PDF]
  • R. 6020 To require an evaluation by the Government Accountability Office of the social, economic, and historic contributions that Minor League Baseball has made to American life and culture [PDF]
  • 760 Support for Veterans in Effective Apprenticeships Act of 2019 [PDF]
  • R. 3598 FREED Vets Act, as amended [PDF]

U.S. Senate

Senate Committee Activity

Appropriations

Subcommittee on Financial Services and General Government
Hearings to examine proposed budget estimates and justification for fiscal year 2021 for the Federal Communications Commission
Tuesday, March 10 10:00 AM
SD-562
Witness Panel:
Ajit Pai, Chairman, Federal Communication Commission
Jessica Rosenworcel, Commissioner, Federal Communication Commission
More information and webcast available here.

Subcommittee on Transportation, Housing and Urban Development, and Related Agencies
Hearings to examine proposed budget estimates and justification for fiscal year 2021 for the Department of Housing and Urban Development
Wednesday, March 11 2:00 PM
SD-192
Witness Panel:
The Honorable Ben Carson, Secretary, U.S. Department of Housing and Urban Development
More information and webcast available here.

Banking

Hearings to examine the Consumer Financial Protection Bureau’s semi-annual report to Congress
Tuesday, March 10 10:00 AM
SD-538
Witness Panel:
The Honorable Kathleen L. Kraninger, Director, Consumer Financial Protection Bureau
More information and webcast available here.

Commerce

Business meeting to consider S.1046, to establish the Office of Internet Connectivity and Growth, S.3132, to extend the Undertaking Spam, Spyware, And Fraud Enforcement With Enforcers beyond Borders Act of 2006, S.3191, to increase the capacity of research and development programs of the Federal Government that focus on industries of the future, S.3248, to reauthorize the United States Anti-Doping Agency, S.3303, to amend title 49, United States Code, to promote transportation career opportunities and improve diversity in the workforce, H.R.835, to impose criminal sanctions on certain persons involved in international doping fraud conspiracies, to provide restitution for victims of such conspiracies, and to require sharing of information with the United States Anti-Doping Agency to assist its fight against doping, and routine lists in the Coast Guard; to be immediately followed by a hearing to examine pending nominations
Wednesday, March 11 10:00 AM
SR-253
Agenda:

  1. S. 1046, Advancing Critical Connectivity Expands Service, Small Business Resources, Opportunities, Access, and Data Based on Assessed Need and Demand (ACCESS BROADBAND) Act, Sponsors: Sens. Catherine Cortez Masto, D-Nev., Cory Gardner, R-Colo., Ron Johnson, R-Wis., Tammy Baldwin, D-Wis., Marsha Blackburn, R-Tenn., Kyrsten Sinema, D-Ariz., Jacky Rosen, D-Nev., Gary Peters, D-Mich.
  2. S. 3132, To extend the Undertaking Spam, Spyware, And Fraud Enforcement With Enforcers beyond Borders (US SAFEWEB) Act of 2006, Sponsors: Sens. Jerry Moran, R-Kan., Richard Blumenthal, D-Conn.
  3. S. 3191, Industries of the Future Act, Sponsors: Sens. Roger Wicker, R-Miss., Cory Gardner, R-Colo., Tammy Baldwin, D-Wis., Gary Peters, D-Mich.
  4. S. 3248, United States Anti-Doping Agency Reauthorization Act, Sponsors: Sens. Jerry Moran, R-Kan., Richard Blumenthal, D-Conn.
  5. S. 3303, Promoting Service in Transportation Act, Sponsors: Sens. Gary Peters, D-Mich., Dan Sullivan, R-Alaska, Jacky Rosen, D-Nev., Cory Gardner, R-Colo.
  6. H.R. 835, The Rodchenkov Anti-Doping Act, Sponsor: Rep. Shelia Jackson Lee, D-Texas
  7. Coast Guard Promotions

More information and webcast available here.

Judiciary

Subcommittee on Antitrust, Competition Policy and Consumer Rights Hearings to examine competition in digital technology markets, focusing on self-preferencing by digital platforms
Tuesday, March 10 10:00 AM
SD-226
Witness Panel:
Mr. Gene Kimmelman, Senior Advisor, Public Knowledge, Washington, DC
Ms. Sally Hubbard, Director Of Enforcement Strategy, Open Markets Institute, Washington, DC
Professor Thomas Hazlett, H.H. Macaulay Endowed Professor Of Economics, Clemson University, Clemson, SC
Mr. Morgan Reed, President, ACT | The App Association, Washington, DC
Mr. Jeremy Stoppelman, Chief Executive Officer, Yelp Inc., San Francisco, CA
More information and webcast available here.

Subcommittee on Intellectual Property Hearings to examine copyright law in foreign jurisdictions, focusing on how other countries are handling digital piracy
Tuesday, March 10 2:30 PM
SD-226
Witness Panels:
Panel I
Professor Justin Hughes, Hon. William Matthew Byrne, Jr. Chair Professor of Law, Loyola Marymount University Law School, Los Angeles, CA
Professor Pamela Samuelson, Richard M. Sherman Distinguished Professor of Law, Co-Director, Berkeley Center for Law and Technology, University of California Berkeley School of Law, Berkeley, CA
Professor Michael D. Smith, J. Erik Jonsson Professor of Information Technology and Marketing, Carnegie Mellon University H. John Heinz III College, Pittsburgh, PA
Professor Daphne Keller, Director, Program on Platform Regulation, Cyber Policy Center, Freeman Spogli Institute for International Studies, Stanford University, Stanford, CA
Panel II
Mr. Stan McCoy, President and Managing Director, Europe, the Middle East, and Africa, Motion Picture Association, Brussels, Belgium
Ms. Julia Reda, Former Member of the European Parliament & Fellow, Berkman Klein Center for Internet & Society, Harvard University, Cambridge, MA
Mr. Jonathan Yunger, Co-President, Millennium Films, Los Angeles, CA
Mr. Matt Schruers, President, Computer & Communications Industry Association (CCIA), Washington, DC
More information and webcast available here.

Hearings to examine the EARN IT Act, focusing on holding the tech industry accountable in the fight against online child sexual exploitation
Wednesday, March 11 10:00 AM
SD-226
More information and webcast available here.

Senate Floor Activity

The Senate stands adjourned until 3:00pm on Monday, March 9, 2020.

Following Leader remarks, the Senate will resume consideration of Calendar #357, S.2657, the American Energy Innovation Act.

During Thursday’s session, Senator McConnell filed cloture on Murkowski substitute amendment #1407 as modified, and the underlying bill S.2657.

The filing deadline for first degree amendments to the substitute and bill is at 3:30pm on Monday.

The cloture petitions on the pending substitute amendment and underlying bill will ripen at 5:30pm on Monday.

At 5:30pm, the Senate will vote on the motion to invoke cloture on Murkowski substituteamendment #1407 as modified. If cloture is not invoked, and no further agreement is reached, the Senate would vote on the motion to invoke cloture on the underlying bill S.2657.

Amendments Pending to S.2657: American Energy Innovation Act

Murkowski SA #1407 as modified (substitute)

Portman-Shaheen SA #1514 (building codes)

5:30pm on Monday, March 9th

  1. On the motion to invoke cloture on Murkowski substitute amendment #1407, as modified.

If cloture is not invoked, and no further agreement is reached, the Senate would vote

  1. On the motion to invoke cloture on the underlying bill S.2657.
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