This weeks marks the final leg of the three week spring that Congress has been in since returning from the August recess. If all goes according to plan the Senate should pass a short-term continuing resolution (CR) by the end of the week to punt the serious spending and budget questions until Thanksgiving.
In the House, proponents of the SAFE Act will see their bill come to the Floor. Interestingly, the measure is coming up under the Suspension Calendar, which while normally reserved for non-controversial legislation, can from time to time be used for other bills, though it requires a 2/3rds majority, rather than 218 votes for passage. With that in maind, it could come down to a handful of folks if this measure passes or fails – though often in these situations defeat is not fatal and the bill can come by under a rule requiring a simply 218 vote majority.
It is also an incredibly busy week in Committee, with both the House and the Senate holding hearings to examine the issue of Real Time Payments, while the House will have another five hearings on top of that, including a hearing featuring all five SEC Commissioners.
Continue reading “Financial Services Report (9/23)”
