FINANCIAL SERVICES WEEK AHEAD JULY 20 TO JULY 24

U.S. House of Representatives

House Committee Activity

 

Financial Services

Financial Services Full Committee
Hearing: Hybrid Hearing – The Heroes Act: Providing for a Strong Economic Recovery from
COVID-19
Thursday, July 23, 10:30 AM
2128 RHOB
Support Documents

  • Hearing Notice [PDF]

More information and webcast available here.

 

Small Business

Small Business Subcommittee on Investigations, Oversight, and Regulations
Hearing: 21st Century SBA: An Analysis of SBAs Technology Systems
Wednesday, July 22, 1:00 PM
2360 Rayburn HOB
Witness Panel
Mr. Guy Cavallo,
Deputy Chief Information Officer, U.S. Small Business Administration, Washington, DC
Hearing Record

  • Hearing Notice [PDF]
  • Hearing: Witness List [PDF]

More information and webcast available here.

 

House Floor Activity

Legislation Considered Pursuant to a Rule:

H.R. 6395  William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 [PDF] National defense programs at the Pentagon, Energy Department, and other agencies would be authorized to receive $740.5 billion in fiscal 2021 under H.R. 6395, the National Defense Authorization Act. That amount includes $635.4 billion in base funding for the Defense Department and $69 billion in Overseas Contingency Operations funding — OCO or war funding — which doesn’t count against the discretionary spending caps. Nuclear weapons programs and related defense initiatives at the Energy Department would be authorized at a level of $26.7 billion. The measure would require military bases bearing the names of Confederate officials to be renamed, ban the display of the Confederate battle flag at Defense Department property, and would authorize a $1 billion Pandemic Preparedness and Resilience National Security Fund. The bill would provide a 3% pay raise for troops, and let the Pentagon buy its requested 79 Lockheed Martin Corp. F-35 Joint Strike Fighters. Further, DOD would be barred from spending money to withdraw U.S. troops from Germany, and its chief management officer position would be eliminated. The defense secretary also would be barred from excluding the department from federal collective bargaining protections.

Rep. Chu House Amendment to Senate Amendment to H.R. 2486 – NO BAN Act [PDF] This bill imposes limitations on the President’s authority to suspend or restrict aliens from entering the United States and terminates certain presidential actions implementing such restrictions. It also prohibits religious discrimination in various immigration-related decisions, such as whether to issue an immigrant or non-immigrant visa, with certain exceptions.

Rep. Jayapal House Amendment to Senate Amendment to H.R. 2486 – Access to Counsel Act of 2020 [PDF] The bill would mandate that individuals who may be detained upon entering the United States are guaranteed a right to legal counsel.

Senate Amendment to H.R. 1957 – Great American Outdoors Act [PDF] More than $2.5 billion annually would be available without separate appropriations for spending on land acquisition and deferred maintenance for parkland under S. 3422. The bill would convert money in the $900 million-per-year Land and Water Conservation Fund (LWCF) into mandatory funding. The LWCF is funded by a portion of offshore oil leasing revenue, among other sources, and used to add land to national parks, wildlife refuges, ball fields, and city parks. Deposits into the fund were permanently reauthorized in March 2019 by Public Law 116-9 (see BGOV Bill Summary). Congress appropriated $495 million of the $22.1 billion available in the fund for fiscal 2020, according to the Congressional Budget Office.

H.R. 7608 – State, Foreign Operations, Agriculture, Rural Development, Interior, Environment, Military Construction, and Veterans Affairs Appropriations Act, 2021 [PDF] This legislative package, constituting the first minibus bill considered by the House of Representatives for FY 2021, would combine the legislative text of the first four measures approved by the Appropriations Committee over the course of the past two weeks.

 

Legislation Considered Under Suspension of the Rules:

A House Administration suspension is expected on the floor.

List of Suspensions:

  • H.R. 7573 – To direct the Architect of the Capitol to replace the bust of Roger Brooke Taney in the Old Supreme Court Chamber of the United States Capitol with a bust of Thurgood Marshall to be obtained by the Joint Committee on the Library and to remove certain statues from areas of the United States Capitol which are accessible to the public, to remove all statues of individuals who voluntarily served the Confederate States of America from display in the United States Capitol, and for other purposes [PDF]

 

U.S. Senate

Senate Committee Activity

Banking

Banking, Housing, and Urban Affairs
Business meeting to consider the nominations of Judy Shelton, of California, to be a Member, and Christopher Waller, of Minnesota, both to be a Member of the Board of Governors of the Federal Reserve System
Tuesday, July 21, 2:00 PM
SD-106
Witness Panel
The Honorable Hester Peirce, Member Designate, Securities and Exchange Commission
Mrs. Caroline Crenshaw, Member Designate, Securities and Exchange Commission
Mr. Kyle Hauptman, Member Designate, National Credit Union Administration Board
More information and webcast available here.

 

Banking, Housing, and Urban Affairs
Hearings to examine the nominations of Hester Maria Peirce, of Ohio, and Caroline A. Crenshaw, of the District of Columbia, both  to be a Member of the Securities and Exchange Commission, and Kyle Hauptman, of Maine, to be a Member of the National Credit Union Administration Board
Tuesday, July 21, 10:00 AM
WEBEX
Witness Panel
The Honorable Hester Peirce, Member Designate, Securities and Exchange Commission
Mrs. Caroline Crenshaw, Member Designate, Securities and Exchange Commission
Mr. Kyle Hauptman, Member Designate, National Credit Union Administration Board
More information and webcast available here.

 

Banking, Housing, and Urban Affairs, Subcommittee on Economic Policy
Hearings to examine United States-China, focusing on winning the economic competition

Wednesday, July 22, 9:30 AM
WEBEX
Witness Panel
Professor Walter Russell Mead, Chace Professor, Foreign Affairs and the Humanities
The Honorable Chris Giancarlo, Senior Counsel And Former Chairman, Willkie Farr & Gallagher, U.S. Commodity Futures Trading Commission
Mr. Tim Morrison, Senior Fellow, Hudson Institute
Dr. Lisa D. Cook, Professor Of Economics And International Relations, Michigan State University
Mr. Martijn Rasser, Senior Fellow, Technology and National Security Program at the Center for a New American Security (CNAS)
More information and webcast available here.

 

Commerce

Commerce, Science, and Transportation, Subcommittee on Manufacturing, Trade, and Consumer Protection
Hearings to examine protecting Americans from COVID-19 scams
Tuesday, July 21, 2:30 PM
SD-G50
Witness Panel
Mr. Andrew Smith, Director, Bureau of Consumer Protection, Federal Trade Commission
Mr. Derek Schmidt, Attorney General, State of Kansas
Mr. Stu Sjouwerman, Founder and Chief Executive Officer, KnowBe4, Inc.
Ms. Catherine Hermsen, Assistant Commissioner of Criminal Investigations, Food and Drug Administration (*Witness will participate in writing)
More information and webcast available here.

 

Commerce, Science, and Transportation
Business meeting to consider pending calendar business
Wednesday, July 22, 9:45 AM
SD-G50
Agenda

  1. S. 933, Bolstering Long-Term Understanding and Exploration of the Great Lakes, Oceans, Bays, and Estuaries Act (BLUE GLOBE) Act, Sponsors: Sens. Sheldon Whitehouse, R-R.I., Brian Schatz, D-Hawaii
  2. S. 1730, Living Shorelines Act of 2019, Sponsors: Sens. Kamala Harris, D-Calif., Richard Blumenthal, D-Conn., Edward Markey, D-Mass., Tammy Baldwin, D-Wis.
  3. S. 3152, Data Mapping to Save Moms’ Lives Act, Sponsors: Sens. Jacky Rosen, D-Nev., Deb Fischer, R-Neb., Todd Young, R-Ind., Brian Schatz, D-Hawaii, Edward Markey, D-Mass., Richard Blumenthal, D-Conn.
  4. S. 3771, Fundamentally Understanding the Usability and Realistic Evolution (FUTURE) of Artificial Intelligence Act of 2020, Sponsors: Sens. Mara Cantwell, D-Wash., Todd Young, R-Ind., Edward Markey, D-Mass
  5. S. 3891, Advancing Artificial Intelligence Research Act of 2020, Sponsors: Sens. Cory Gardner, R-Colo., Gary Peters, D-Mich., Roger Wicker, R-Miss.
  6. S. 3958, Expedited Delivery of Airport Infrastructure Act of 2020, Sponsors: Sens. Todd Young, R-Ind., Kyrsten Sinema, D-Ariz., Ted Cruz, R-Texas
  7. S. 4144, Sport Fish Restoration and Recreational Boating Safety Act of 2020, Sponsors: Sens. Roger Wicker, R-Miss., Maria Cantwell, D-Wash.
  8. S. 4162, Airport Infrastructure Readiness (AIR) Act of 2020, Sponsors: Sens. Deb Fischer, R-Neb., Kyrsten Sinema, D-Ariz., Ted Cruz, R-Texas, Tammy Duckworth, D-Ill.
  9. Joel Szabat, of Maryland, to be Under Secretary of Transportation for Policy, U.S. Department of Transportation
  10. Michael O’Rielly, of New York, to be a Member of the Federal Communications Commission
  11. Michael Walsh, Jr., of Virginia, to be General Counsel of the U.S. Department of Commerce
  12. Mary Toman, of California, to be Under Secretary of Commerce for Economic Affairs, U.S. Department of Commerce
  13. Coast Guard Nominations

More information and webcast available here.

 

Commerce, Science, and Transportation, Subcommittee on Communications, Technology, Innovation, and the Internet
Hearings to examine the state of United States spectrum policy
Thursday, July 23, 10:00 AM
SR-253
Witness Panel
Mr. Tom Power, Senior Vice President and General Counsel, CTIA
Mr. Mark Gibson, Director of Business Development, CommScope
Dr. Roslyn Layton, Visiting Researcher, Aalborg University
Mr. Michael Calabrese, Director, Wireless Future Project, Open Technology Institute at New America
More information and webcast available here.

 

Small Business

Small Business and Entrepreneurship
Hearings to examine capital access for minority small businesses, focusing on COVID-19 resources for an equitable and sustainable recovery
10:00 AM
SD-430
More information and webcast available here.

 

Senate Floor Activity

The Senate will next convene at 3:00pm on Monday, July 20, 2020.

On Monday, following Leader remarks, the Senate will enter Executive Session and resume consideration of Executive Calendar #718, Russell Vought, to be Director of the Office of Management and Budget, post-cloture.

As a result of cloture having been filed, there is a filing deadline for 1st degree amendments to substitute amendment #2301 and the underlying bill, S.4049: National Defense Authorization Act; the filing deadline for 2nd degree amendments is one hour prior to the cloture votes.

At 5:30pm, the Senate will vote on confirmation of the Vought nomination.

Monday, July 20th at 5:30pm – 1 roll call vote:

 

  1. Confirmation of Executive Calendar #718, Russell Vought, to be Director of the Office of Management and Budget
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