Today on the Hill: House Begins Work on SEC Measures

October 17, 2019

Following the passage (354-60) of a resolution aimed at rebuking President Donald Trump’s withdrawal of U.S. forces from northern Syria, House lawmakers are readying action on a pair of measures dealing with Securities and Exchange Commission (SEC) disclosures. For today, the lower chamber will take up legislation that would mandate the SEC to conduct investor testing and surveys when developing regulations about disclosures for retail investors. The second bill — which would require the disclosure of the total number of domestic and foreign employees of certain public companies — is expected to be considered tomorrow to close out the week.

In the upper chamber, Senators are poised to take up two resolutions aimed at thwarting high-profile Trump administration policies. The first vote will occur on a measure sponsored by Senate Democrats that would express disapproval of the repeal of the Obama-era Clean Power Plan. That vote will be followed by another attempt to override President Trump’s veto of a resolution that would terminate his national emergency declaration on the U.S.-Mexico border. Neither resolution is expected to clear the Senate absent support from GOP Senators. 

In somber news on Capitol Hill, House Oversight and Reform Committee Chairman Elijah Cummings (D-MD) passed away early this morning at the age of 68. The 12-term Congressman from Baltimore had been battling “longstanding health challenges,” according to a statement issued by his office.