In today’s Politico Morning Money newsletter — the leading Financial Services beat in Washington, D.C. — TRP’s Jason Rosenstock was mentioned discussing Senator Elizabeth Warren’s (D-MA) rise in the race for the 2020 Democratic Presidential nomination. First published in TRP’s weekly Financial Services Report, Rosenstock’s quote astutely compares the anti-Wall Street sentiments that form the backbone of Sen. Warren’s campaign to the populist wave that elected President Donald Trump in 2016. “The rise of Warren shouldn’t surprise people as she is simply feeding on the same emotions that Trump tapped into to win four years ago,” said Rosenstock. “Whereas he used fear of immigrants and global supply chains, Warren focuses on corporate executives and lobbyists, who she claims have rigged the system in their favor."
Author: Thornrun
This Week on the Hill: Senate Looks to Clinch First Spending Package
House and Senate lawmakers will reconvene later today to close out the October legislative session. In the upper chamber, Senators will pick up debate on their first fiscal year (FY) 2020 appropriations package, starting with consideration of three amendments to the underlying bill. While the Senate had originally planned to take up a second minibus containing funding for Defense and the opioid crisis, partisan disagreements over President Donald Trump’s border security policies will likely sidetrack consideration of the measure until November. Barring any procedural or political hiccups, the first minibus is expected to pass later this week prior to the next district work period.
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Health Policy Report (10/28)
The Week in Review
Senators began full consideration of a four-bill spending package last week as the upper chamber looks to jumpstart its fiscal year (FY) 2020 appropriations process. The first Senate “minibus” includes spending measures for Agriculture, Commerce-Justice-Science, Interior-Environment, and Transportation-HUD, all of which were approved by the Appropriations Committee on a bipartisan basis. While Democrats plan to support the first package, Minority Leader Chuck Schumer (D-NY) noted that Democrats still hold reservations about other bills — specifically the spending measures for Defense, Military Construction-VA, Homeland Security, and Labor-HHS-Education — due to disagreements over “poison pill” issues such as border security and family planning.
Financial Services Report (10/28)
The House of Representatives is set to take up a couple of bills under the Suspension Calendar this week – including the COUNTER Act, which was also included in the Beneficial Ownership Bill taken up last week (see more on that below) as well as a bill sponsored by McHenry and Waters on Crowdfunding.
The House Financial Services Committee is scheduled to meet for two days to mark-up a series of bills, including an extension of TRIA and the Export Import Bank. Additionally, the committee will hold a hearing on the history of discrimination against the LBGTQ+ community in terms of access to financial services.
The Senate is expected to continue to work through its first mini-bus, containing spending bills for Agriculture, Commerce-Justice-Science, Interior-Environment, and Transportation-HUD.
Financial Services Report (10/28)
The House of Representatives is set to take up a couple of bills under the Suspension Calendar this week – including the COUNTER Act, which was also included in the Beneficial Ownership Bill taken up last week (see more on that below) as well as a bill sponsored by McHenry and Waters on Crowdfunding.
The House Financial Services Committee is scheduled to meet for two days to mark-up a series of bills, including an extension of TRIA and the Export Import Bank. Additionally, the committee will hold a hearing on the history of discrimination against the LBGTQ+ community in terms of access to financial services.
The Senate is expected to continue to work through its first mini-bus, containing spending bills for Agriculture, Commerce-Justice-Science, Interior-Environment, and Transportation-HUD.
Today on the Hill: Senate Picks Up Debate on First Minibus
The Senate is set to resume debate on a $214 billion minibus containing fiscal year (FY) 2020 appropriations bills for Agriculture, Commerce-Justice-Science, Interior-Environment, and Transportation-HUD. While Senators originally aimed to clear the spending package this week, consideration of the measure is expected to bleed into next week as leadership has not reached an agreement on which amendments will receive a vote on the floor. In other key spending news, Senate Appropriations Chairman Richard Shelby (R-AL) stated yesterday that lawmakers will likely need to pass another continuing resolution before the Nov. 21 government funding deadline as negotiations continue to lag. Chairman Shelby speculated that the next stopgap would fund the government through February or March of next year.
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Today on the Hill: Senate Begins Debate on Four-Bill Minibus
Senators are poised to begin consideration of a $214 billion spending package containing fiscal year (FY) 2020 funding bills for Agriculture, Commerce-Justice-Science, Interior-Environment, and Transportation-HUD later today. While the four-bill measure is expected to pass the upper chamber at some point prior to the end of this week, movement on the upper chamber’s second minibus — which will include the Senate’s spending bill for Defense as well as funding for the opioid crisis — could be stymied by disagreements over President Donald Trump’s plan to divert military funding for a wall on the U.S.-Mexico Border. Prior to consideration of the first spending package, the Senate will take up a Democratic resolution that would repeal an IRS and Treasury Department rule that blocked states from creating workarounds to the 2017 tax law’s limit on state and local tax (SALT) deductions.
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Today on the Hill: Senate to Jumpstart Approps Process with Four-Bill Package
Yesterday, the Senate Appropriations Committee released a four-bill spending package ahead of the upper chamber’s first fiscal year (FY) 2020 funding votes. The first Senate “minibus” will include the Agriculture, Commerce-Justice-Science, Interior-Environment, and Transportation-HUD spending measures — all of which were approved by the Appropriations Committee on a bipartisan basis. While Democrats plan to support the first package, Minority Leader Chuck Schumer (D-NY) noted that Democrats still hold reservations about other bills — specifically the spending measures for Defense, Military Construction-VA, Homeland Security and Labor-HHS-Education — due to disagreements over “poison pill” issues such as border security and family planning.
Continue reading “Today on the Hill: Senate to Jumpstart Approps Process with Four-Bill Package”
This Week on the Hill: Senate Eyes First FY 2020 Appropriations Floor Votes
Congress returns to action today as Senators gear up for their first fiscal year (FY) 2020 government funding votes on the floor. Prior to adjourning last week, Senate Majority Leader Mitch McConnell (R-KY) filed cloture on motions to proceed to two House-passed spending packages that will serve as “shell” legislative vehicles for spending bills that have cleared the Senate Appropriations Committee. While Senate Appropriations Chairman Richard Shelby (R-AL) indicated that the first package could include the measures for Transportation-HUD and Agriculture, Leader McConnell stated that the second vehicle would be dedicated for defense funds, as well as "resources for other priorities such as the opioid epidemic."
Continue reading “This Week on the Hill: Senate Eyes First FY 2020 Appropriations Floor Votes”
Health Policy Report (10/21)
The Week in Review
Congress reconvened last week following the two-week Columbus Day district work period. Despite resetting the government funding deadline to provide more time for negotiations, House and Senate appropriators indicated that fiscal year (FY) 2020 spending talks remain deadlocked. Senate Appropriations Chairman Richard Shelby (R-AL) stated last week that lawmakers may need to take up another stopgap funding measure to keep the government funded through the remainder of the year if an agreement isn’t reached before the Nov. 21 deadline. While Chairman Shelby and House Appropriations Chairwoman Nita Lowey (D-NY) have both expressed the desire to move spending bills through regular order, “poison pill” issues such as border security and family planning policies could stymie the appropriations process for the foreseeable future.