Capitol Hill Update
Both chambers of Congress will return to kick off the February legislative session this week. The Senate will return first later today and will primarily focus on clearing the queue of President Joe Biden’s pending nominations. On the House side, lawmakers are scheduled to resume legislative business tomorrow and consider legislation that seeks to end mandatory, pre-dispute arbitration for sexual assault and harassment disputes (H.R. 4445). Members are also slated to take up the America Creating Opportunities for Manufacturing, Pre-Eminence in Technology, and Economic Strength (America COMPETES) Act (text; fact sheet; section-by-section) at some point next week after leadership introduced the package on Wednesday. More than 500 Amendments to the America COMPETES Act were filed late last week, and the Rules Committee will meet on Tuesday to consider a rule for the measure.
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Late last week, House Speaker Nancy Pelosi (D-CA) provided lawmakers with an update on the chamber’s schedule for next month. At the top of the list is government funding for fiscal year (FY) 2022, as Congress has less than a month until the February 18 deadline. Leadership has expressed optimism that appropriators can reach an agreement on an omnibus spending package and avoid a shutdown, but another short-term continuing resolution (CR) cannot be ruled out should more time be needed to broker a deal. Speaker Pelosi also noted that the House will “soon” introduce counterpart legislation to the Senate’s United States Innovation and Competition Act (USICA), with the goal of going to conference with senators and producing a finalized version that can pass both chambers.
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Capitol Hill Update
House lawmakers will kick off the second session of the 117th Congress today, followed by votes on a pair of legislative items throughout the balance of the week. In a “Dear Colleague” letter to Members late Friday, House Majority Leader Steny Hoyer announced that lawmakers will take up a bipartisan bill that would allow local educational agencies participating in the Education Department’s Impact Aid Program to use the student-count or federal-property-valuation data from their fiscal year (FY) 2022 program applications for their FY 2023 applications. Proponents of the legislation — which passed the Senate by unanimous consent late last year — argue that it is needed to prevent schools from losing COVID-19 relief funds by providing flexibility to use pre-pandemic data to calculate needs.
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For Immediate Release: January 10, 2022
Contact: Chris Lamond, (202) 641-0044, email@example.com
Thorn Run Partners (TRP) (www.thornrun.com) announced today the elevation of Chas Thomas to Partner in their Washington, DC office. Most recently, Chas served as Senior Vice President at the firm.
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In an article for The Hill, TRP’s Jason Rosenstock offered commentary on the political dynamics of the Biden administration’s pending financial regulatory nominees. With several vacancies the Federal Reserve, Office of the Comptroller of the Currency (OCC), Securities and Exchange Commission (SEC), and Commodity Futures Trading Commission (CFTC), Rosenstock pointed out that the looming 2022 midterm elections places additional pressure on Senate Democrats to fill these positions should Republicans take control in 2023. “2022 is going to be a very busy year on the administrative agency level in large part because if the Democrats lose control of the House and Senate in 2023 it changes a little bit of a dynamic,” said Rosenstock. “It just makes it a little bit harder to move their agenda. So I think this is the year to pounce, so to speak.”
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