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Today on the Hill: Defense and CJS Approps to Include Gun Control, Privacy Fights

Two major spending bills will dominate action in Congress today, with the House set to work through a series of amendments on the fiscal 2017 defense appropriations measure (H.R. 5293), and the Senate moving on to the Commerce-Justice-Science spending bill (H.R. 2578). House lawmakers will be working through nearly 75 proposals for the defense measure, including many that were already considered when the chamber passed the National Defense Authorization Act (NDAA) last month. Some of the amendments will likely draw heated debates on long-standing issues including the surveillance operations of the National Security Agency (NSA) and whether military enlistees must be provided with American-made running shoes.

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Financial Services Report

Looking Ahead

Near Term

  • SEC Chair White testifies before the Senate Banking Committee on Tuesday.
  • The House Financial Services Committee will mark-up a slew of bills on Wednesday.

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This Week on the Hill: Policy Riders Threaten Spending Bills in Both Chambers

Expect heated debates over policy riders for fiscal 2017 spending bills in both chambers this week, particularly ones related to LGBT rights and terrorism after this weekend’s mass shooting at a gay nightclub in Orlando, Florida. Speaker Paul Ryan (R-WI) has worked to circumnavigate the divides that often plague the appropriations process, but that strategy faces a real test this week as the House considers the $517.1 billion defense spending legislation (H.R. 5293). Republican leaders in the chamber will likely try to persuade more conservative members of their caucus to support a rule that would limit the amendments process, as Democrats have suggested they will oppose such a move.

 

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Health Policy Report

The Week in Review

House leaders from both parties successfully shepherded a revised bill (H.R. 5278) addressing the Puerto Rico debt crisis through the lower chamber, putting the legislation on track to be on the president’s desk before a July 1 deadline for the island territory’s next debt payment. The measure, which was approved on a 297-127 vote on Thursday, would create a seven-member board to help manage the Puerto Rico’s debt restructuring and fiscal policy. While the White House has urged Senate leaders to quickly advance the bill, Senate Majority Leader Mitch McConnell (R-KY) has not yet scheduled its consideration in the upper chamber.

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Health Policy Report

The Week in Review

Both chambers were in recess last week for the Memorial Day holiday. The Senate is expected to reconvene today, with the House set to return tomorrow.

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Financial Services Report

Looking Ahead
Near Term

  • Both the House and Senate are in Recess this week.
  • The CFPB is expected to announce a Notice of Proposed Rulemaking (NPRM) for it long awaited small dollar lending rule on June 2nd
  • The Fed is expected to announce a NPRM for its insurance capital standards rules on June 3rd

Further Out

  • House Financial Services Chairman Jeb Hensarling is expected to unveil his alternative to Dodd-Frank on June 7th
  • The FTC will hold a workshop on FinTech on June 9th
  • The OCC will hold its own forum on FinTech on June 23rd

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Health Policy Report

The Week in Review

Before breaking for Memorial Day on Friday, lawmakers in both chambers tried to clear the decks on bipartisan measures with mixed success. In the House, a rewrite of the 1976 Toxic Substances Control Act (H.R. 2576) – which governs regulations for toxins used in the manufacture of consumer products – was passed on an overwhelming vote of 403-12 on Tuesday. The Senate aimed to pass the measure and send it to the president’s desk before the Memorial Day recess, but a last-second objection from Sen. Rand Paul (R-KY) pushed a final vote on the bill into June. The bill will likely be near the top of the Senate’s agenda when the chamber returns and remains on track for final passage with support from most senators of both parties. 

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Today on the Hill: Before Recess, TSCA Holdup in Senate; House Shoots Down Energy-Water Spending Bill

Both chambers are leaving Washington today ahead of a weeklong recess in honor of Memorial Day. Yesterday, both the House and Senate experienced frustrations in their attempts to advance legislation before the holiday. House lawmakers from both parties objected to amendments added to the Water-Energy Development spending bill (H.R. 5055), ultimately leading to the measure’s failure on a 112-305 vote. On a more positive note, the House named conferees for an energy efficiency bill (S. 2012) passed by the chamber on Wednesday that would streamline natural gas permitting and modernize the nation’s electrical grid. 

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Today on the Hill: Energy-Water Approps Vote in House; NDAA, TSCA in Senate

As lawmakers in both chambers prepare to break for the Memorial Day recess, the House plans to pass the fiscal 2017 Energy and Water Development spending bill (H.R. 5055) that would fund Energy Department and Army Corps of Engineers programs. The bill contains controversial amendments from both parties, including one that would bar the government from contracting with businesses that discriminate against LGBT individuals. A similar amendment caused chaos on the House floor last week after it was narrowly defeated. The House iteration of the Energy-Water spending bill also includes language blocked from the Senate version that would prevent the Obama Administration from going forward with a deal to purchase heavy water – a component used in certain nuclear reactors – from Iran. Even without the new contentious amendments, White House officials had threatened to veto the bill over “problematic ideological provisions.” 

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Today on the Hill: Energy Approps, D.C. Spending, NDAA, Catfish Inspections

Appropriations, defense policy, Washington D.C.’s budget, and catfish inspections are the focus of floor action in Congress today.  In the House, lawmakers will be working through amendments to the fiscal 2017 Energy and Water development spending bill. The $37.4 billion appropriations bill (H.R. 5055) would fund the Energy Department, the Army Corps of Engineers, and the Interior Department’s Bureau of Reclamation. A proposal to bar the U.S. purchase of heavy water from Iran is among the possible amendments. A similar amendment was scuttled in the Senate amid White House opposition. White House officials already have said they would recommend that President Barack Obama veto the bill, citing “the inclusion of problematic ideological provisions that are beyond the scope of funding legislation.” 

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