Today on the Hill: Democrats Continue Push to Clear Disaster Relief Bill

While most lawmakers are out of town for a Memorial Day district work period, House Democrats will convene an informal “pro forma” session of Congress later this afternoon where they are expected to make another attempt to pass a multi-billion dollar disaster aid package (text; summary) by unanimous consent (UC). Their first attempt last Friday was blocked by Rep. Chip Roy (R-TX), who objected to UC on the disaster relief bill over concerns about the deficit and the bill’s lack of border security funding. It remains to be seen whether conservatives will keep objecting, as Rep. Roy has been noncommittal on his next steps for today’s pro forma session following backlash from members on both sides of the aisle. If the disaster relief bill cannot be cleared by UC, it will likely be taken up for a roll call vote as soon as lawmakers return on June 3.

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Health Policy Report

The Week in Review

Senators broke a months-long impasse on disaster relief aid by passing (85-8) a $19.1 billion measure prior to leaving Washington. Congressional negotiators clinched a deal on a final package that would provide: (1) $3 billion for farm disaster assistance; (2) $2.4 billion for Community Block Development Grants; and (3) $3.25 billion for Army Corps of Engineers flood control and storm damage mitigation projects. Meanwhile, the bill does not include a deal on President Donald Trump’s border security request and also omits other rumored policy riders such as Harbor Maintenance Trust Fund reform and Violence Against Women Act reauthorization.

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Financial Services Report (5/28)

The House and Senate are in Recess this week. Further out, the House Financial Services has released its busy June schedule, which will include at least twelve hearings and markups. 
 
Looking away from the Hill, The SEC is expected to vote on its long awaited Best Interest standard, in many ways an alternative to the Obama era Department of Labor's Fiduciary Rule, on June 5th.

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Today on the Hill: Disaster Relief Bill Clears the Senate

Late yesterday, Senators broke a monthslong impasse on disaster relief aid by passing (85-8) a $19.1 billion measure prior to leaving Washington. Congressional negotiators clinched a deal on a final package that would provide: (1) $3 billion for farm disaster assistance; (2) $2.4 billion for Community Block Development Grants; and (3) $3.25 billion for Army Corps of Engineers flood control and storm damage mitigation projects. Meanwhile, the bill does not include a deal on President Donald Trump’s border security request and also omits other rumored policy riders such as Harbor Maintenance Trust Fund reform and Violence Against Women Act reauthorization.

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Today on the Hill: Disaster Relief Deal Remains Elusive

The prospects for a bipartisan disaster aid agreement dwindled late yesterday after negotiators were unable to reach an agreement that would allocate funding to help states recover from recent natural disasters. Despite making progress on disagreements over aid for Puerto Rico and boosting the Harbor Maintenance Trust Fund, negotiators have yet to strike a deal that would address funding for humanitarian needs at the southern border. Majority Leader Mitch McConnell (R-KY) reiterated this morning that the Senate will not leave for the Memorial Day district work period until the chamber votes on a disaster relief bill. However, a final deal between Senate Republicans and House Democrats will likely come after lawmakers return to Washington.

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Today on the Hill: Democrats Take Aim at CFPB Policies

House Democrats are set to make an attempt at rolling back “anti-consumer actions” at the Consumer Financial Protection Bureau (CFPB). Introduced by Financial Services Chairwoman Maxine Waters (D-CA), the measure (H.R. 1500) would seek to reverse policies implemented by former CFPB Acting Director Mick Mulvaney by: (1) requiring that the Bureau’s consumer complaint data be made publicly available; (2) reinstituting a memorandum of understanding between the CFPB and Department of Education that promotes data sharing between the two agencies; (3) re-establishing the Office of Students and Young Consumers; and (4) restoring the enforcement powers of the Office of Fair Lending and Equal Opportunity. Following consideration of 17 amendments to the underlying bill, the Consumers First Act bill is expected to pass on party lines and is considered dead on arrival in the Senate.

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Today on the Hill: House Moves to Set Up Floor Action on CFPB, Retirement Bills

House lawmakers will resume legislative business this afternoon, and are set to consider nine suspension bills out of the House Committee on Veterans’ Affairs. This includes: (1) a measure (H.R. 1200) that seeks to boost compensation rates for veterans with service-connected disabilities; (2) a bill (H.R. 2374) that would assess the quality of suicide prevention efforts and mental health services offered by the VA; and (3) an act (H.R. 2045) establishing a new Veterans Economic Opportunity and Transition Administration. Additionally, lawmakers will look to pass the rule (H.Res. 389) that will govern floor debate for both the bipartisan retirement savings package (H.R. 1994) and legislation (H.R. 1500) that would roll back some policy changes at the Consumer Financial Protection Bureau (CFPB) implemented under former Acting Director Mick Mulvaney. A vote on final passage of these bills is expected later this week.

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This Week on the Hill: Senators Look to Push Disaster Relief Funds Across the Finish Line

Congressional lawmakers will reconvene for a legislative business week later this afternoon prior to leaving Washington for a Memorial Day district work period. In the upper chamber, lawmakers will look to break the impasse over disaster relief funding. Senate Majority Leader Mitch McConnell (R-KY) stated last week that the Senate will vote on disaster relief legislation after lawmakers and the White House reportedly struck a deal on aid for Puerto Rico as well as funding for “humanitarian needs” at the U.S.-Mexico border. Despite reports of progress on the disaster relief funds, it ultimately remains to be seen whether President Donald Trump will sign off on a final measure that is not in line with his requests on border funding and aid for Puerto Rico.

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Health Policy Report

The Week in Review

House Democrats forced Republicans to vote against some of their own drug pricing bills last week by packaging them with measures intended to shore up the Affordable Care Act (ACA). As part of the package, Democrats voted on three bills that would help remove barriers to generic drugs entering the market and would crack down on tactics that lawmakers say pharmaceutical companies use to tamp down competition and keep prices high. The bills were bipartisan and passed unanimously out of the Energy and Commerce Committee, but Democratic leaders combined them with legislation rolling back some of what they call the administration’s “sabotage” of the ACA, challenging Republicans to vote against them. Additional details on the vote are included further below.

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Financial Services Report 5/20

It is going to be a busy week in the House of Representatives with two major financial services related bills coming to the floor. First is H.R. 1500, legislation offered by Chair Waters that will roll back many of the changes made to the CFPB by former Acting Director Mick Mulvaney. While the legislation had passed out of the Committee on a near party-line vote, what will make this bill even more interesting will be which amendments are made in order and voted on as there are some very controversial ones that have been filed.
 
Second, will be H.R. 1994, the SECURE Act, the son of RESA, a retirement security bill. This legislation includes many incentives and policy changes to spur retirement savings. However, before voting on the bill, the House will vote on an amendment that will reduce taxes on military survivor benefits and also remove language from the bill that would allow 529 style savings for homeschooling. Republicans are reportedly upset about the elimination of that provision though it is unclear whether their anger will translate into voting against a bill that they have basically already voted for last year.

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