The House will return to action later this afternoon as lawmakers will look to clear seven Financial Services bills under suspension of the rules. This includes a resolution that encourages the Securities and Exchange Commission (SEC) to collaborate with state securities regulators in efforts to protect investors, as well as a legislation requiring the Department of Housing and Urban Development to discount Federal Housing Administration (FHA) single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy counseling program. Other notable bills set to hit the House floor include: (1) a bill amending the Securities Exchange Act to expand access to capital for rural-area small businesses; (2) a measure requiring the Securities and Exchange Commission (SEC) to study ways to improve investment research for small and emerging issuers; and (3) an act mandating an SEC study into the ten percent threshold limitation applicable to the definition of a diversified company under the Investment Company Act.
In the upper chamber, Senators will resume clearing presidential nominations, starting with the nomination of Daniel Bress to be a Circuit Judge for the Ninth Circuit. A full list of pending nominations can be found here.