Financial Services Report (4/19)
Another busy week in both chambers. First, in the House, floor activity includes a pair of immigration-related measures, as well as a bill to make Washington, D.C. the 51st state. Additionally, now that Republican opposition to suspension bills has abated, the House is taking up a slew of suspension bills out of the House Financial […]
- March 30, 2015
TRP Financial Services Report
As we close the books on one of the most productive weeks in Congress this year (and perhaps in recent memory), we can’t help but note that it occurred just before the convergence of the Easter and Passover holidays this year. Perhaps it is just coincidence, but one can’t help but wonder if we should […]
- March 23, 2015
TRP Financial Services Report
Looking Ahead Near Term An incredibly packed week as both the House and Senate try to wrap up this work period. The House week will be highlighted by a vote on the so-called “Doc fix” while the Senate will subject itself to the drama that is the vote-a-rama. In the Committees, House Financial Services […]
- March 16, 2015
TRP Financial Services Report
Despite having the fewest members since the Hoover Administration, the fact that Speaker Boehner has had deal with a disparate and unruly group of Republicans contrasted with the minority’s more uniform cohesion and then combine that with a similar framework in the Senate, the reality is that Democrats, even House Democrats have real power in […]
- March 9, 2015
TRP Financial Services Report
The drama surrounding the eventual resolution of the Department of Homeland Security funding made two things very clear. First, that despite having majorities in both Houses, Republicans still have intra-chamber differences, and second, because of those differences Democrats still matter. With Leader McConnell reaffirming his commitment not to let the nation default on the debt […]
- March 2, 2015
TRP Financial Services Report
We have consistently said that this year’s Congress will be driven in large part by the various deadlines of significant programs and policies. Last week we saw how one of the first of these played out, as Congress struggled to pass a bill to keep the Department of Homeland Security from shutting down. In order […]
- February 17, 2015
TRP Financial Services Report
Looking Ahead Near Term The House and Senate are in recess this week. When they return the Senate has teed up the 4th cloture vote on H.R. 240, the Homeland Security funding bill. Unless Congress does something, funding for DHS will run out on Feb 27th.
- February 9, 2015
TRP Financial Services Report
Last week we once again witnessed an annual rite of passage in Washington. The President also released his budget, and although the recent budget battles have been more akin to the film classic Groundhog Day than your classic legislative process, last week’s release of the budget on Groundhog Day offered some constructive steps towards a […]
- February 2, 2015
TRP Financial Services Report
Looking Ahead The White House is expected to release its budget today. According to reports, the President’s 2016 budget proposal will have $74 billion, or about 7% more, above the levels permitted by sequestration. The SEC is one of the agencies prioritized under the budget, with the Obama Administration asking Congress to fund the SEC […]
- January 26, 2015
TRP Financial Services Report
Last week President Obama delivered his State of the Union. Depending on your political leanings it was either (a) the populist mantra you’ve been waiting for, or (b) the populist mantra you’ve been expecting. While it was noted that the President chose not to acknowledge the new Republican majorities, he did indicate that one take […]
- January 20, 2015
TRP Financial Services Report
It seems clear that we are now clearly in the world of “Veto Politics” and despite Republican majorities in both Houses of Congress, the Democratic minority has real power to negotiate with Republicans if both sides want to get anything done. With the respective flanks of both sides appearing willing to sacrifice the perfect for […]
- January 12, 2015
TRP Financial Services Report
Speaker John Boehner won reelection despite the defection of 25 conservative Republicans. While initial attention focused on the Speaker’s retaliation and the removal of certain members from the Rules Committee, if he were to channel his true Frank Underwood, then he would have rescinded the waiver that allowed Rep. Garrett to keep his chairmanship of […]
- January 7, 2015
Outlook on the 114th Congress
Congress returned from one of its longest end of the year recess’ in recent memory – all of two and half weeks – to begin the 114th Congress yesterday. This will also be the first time in eight years that Republicans had majorities in both chambers, and so much attention has been focused on the […]