The current continuing resolution (CR) funding the government is set to expire on Thursday. While it is widely expected that Congress will once again extend the CR – most likely for another month, in order to give itself time to pass some of the spending bills – we all recognize that we live in unique times and anything is possible. That said, we don't expect the government to shut down this week.
Also this week the Senate Banking Committee is set to shake off the rust and hold its first mark-up of legislation this year, when it considers a bill to extend the Terrorism Risk Insurance Act (TRIA). The full House will also pass a TRIA extension – on the suspension calendar – this week, which bodes well for the law to be renewed well in advance of its end of 2020 expiration.
The House Financial Services Committee will hold a hearing on Private Equity, a hearing tailor-made for the "Squad", while the FinTech Task Force will also hold a critical hearing on "Big Data in Financial Services" which will likely touch on many of the the technology and ILC-related issues that the Committee is grappling.