This Week in Congress: June 2018 #2

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The Senate convenes today at 3 p.m. The House returns Tuesday at noon.

House

Votes. Lawmakers will take up a slew of bills aimed at combating substance abuse and the opioid crisis. See the full list here.

Immigration Showdown. Moderate Republicans are close to reaching the number of signatures needed to force the chamber to consider a series of immigration bills. The deadline for the discharge petition is June 12. House GOP leaders have been working hard to persuade moderates to back away from the petition. Speaker Paul Ryan promised to address the DACA issue through a forthcoming compromised bill.

FY 2019 Financial Services Markup. The House Appropriations Committee will meet Wednesday to mark up the FY 2019 Financial Services spending bill, which covers funding for the IRS, SEC, and other related regulatory agencies.

Senate

FY 2019 Defense Reauthorization. Members will consider the defense reauthorization bill this week. A procedural vote is scheduled for 5:30 p.m. today, which will allow the chamber to begin debate.

Federal Reserve Nominations. The Senate Banking Committee will vote Tuesday on the nominations of Richard Clarida to be a member and vice chairman of the Federal Reserve Board of Governors; and Michelle Bowman to be a member of the Federal Reserve Board of Governors.

Nominations at Senate Finance. On Tuesday, the Senate Finance Committee will take up the following tax and trade related nominations:

  • Jeffrey Kessler to be an assistant commerce secretary
  • Elizabeth Ann Copeland to be a judge of the United States Tax Court
  • Patrick J. Urda to be a judge of the United States Tax Court
  • Amy Karpel to be a member of the United States International Trade Commission
  • Randolph J. Stayin to be a member of the United States International Trade Commission

Key Hearings

Tuesday, 6/12

  • Senate Finance Committee. Hearing on the nominations of Jeffrey Kessler to be an assistant Commerce secretary; Elizabeth Ann Copeland to be a judge of the United States Tax Court; Patrick J. Urda to be a judge of the United States Tax Court; Amy Karpel to be a member of the United States International Trade Commission; and Randolph J. Stayin to be a member of the United States International Trade Commission.
  • Senate Banking Committee. Committee vote on the nominations of Richard Clarida to be a member and vice chairman of the Federal Reserve Board of Governors; and Michelle Bowman to be a member of the Federal Reserve Board of Governors.
  • Senate HELP Committee. Hearing to examine the cost of prescription drugs, focusing on examining the President’s blueprint ‘American Patients First’ to lower drug prices.

Wednesday, 6/13

  • House Appropriations Committee. Markup of the FY 2019 Financial Services spending bill.
  • House Financial Services Committee. Subcommittee hearing on “Ensuring Effectiveness, Fairness, and Transparency in Securities Law Enforcement,” including H.R. 2128 (115), the “Due Process Restoration Act of 2017” and H.R. 5037 (115), the “Securities Fraud Act of 2018.”
  • Joint Select Committee on Solvency of MEPs. Hearing to examine employer perspectives on multiemployer pension plans.
  • House Financial Services Committee. Hearing on “Financial Industry Regulation: the Office of the Comptroller of the Currency.”

Thursday, 6/14

  • Senate Banking Committee. Hearing with Comptroller of the Currency Joseph Otting to receive an update on the OCC.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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