EIW TODAY - December 5, 2023

Prism Group's Daily Summary

APPROPRIATIONS TALKS… House leadership continues to deliberate on a final appropriations bill, and the Republican caucus is working with the Senate on a bipartisan package potentially resembling the one former Speaker McCarthy had pushed before his ouster. The House Freedom Caucus’ leadership has also pressed House Republicans to draft an appropriations bill relatively in line with the Senate’s version.

CONGRESSMAN MCHENRY WILL NOT SEEK RE-ELECTION... Rep. McHenry announced moments ago that he is retiring and will not seek reelection at the end of next year. As chairman of the House Financial Services Committee, he plays an oversized role in shaping banking law in this country and globally.

THE STATE OF THE STATES

SESSIONS BY THE NUMBERS:

Seven state legislatures are in session. Texas is in special session.

WHAT WE'RE WATCHING:

The Georgia state legislature recently unveiled its proposed Congressional map after District Judge Steve Jones ruled that the current map is in violation of the Voting Rights Act. The Republican-led redistricting effort will almost certainly maintain the party’s edge and eliminate a racially diverse, Democrat-held district, and will likely be challenged in court again.

Tennessee governor Bill Lee recently proposed expanding the state’s school choice program by offering vouchers to all parents, as the current program encompasses only three counties and is only available for low-income students. However, the proposal faces questions from some legislators within the Republican governor’s party, who have voiced concerns over such a program’s funding.

LAWMAKERS... IN OR OUT?

The House... convenes today at 10:00 AM ET. The full schedule may be found here.

The Senate... convenes today at 10:00 AM ET. The full schedule may be found here.

HAPPENING ON THE HILL

The House...

Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will hold a hearing TODAY, 12/5 at 10:00 AM titled: “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services.”

Committee on Financial Services will hold a hearing Friday, 12/8 at 9:00 AM titled “Connecting Communities: Building Innovation Ecosystems Across America.”

Committee on Ways and Means Subcommittee on Oversight will hold a hearing TOMORROW, 12/6 at 10:00 AM titled “Hidden Cost: The True Price of Federal Debt to American Taxpayers.”

Committee on Ways and Means Subcommittee on Tax will hold a hearing TOMORROW, 12/6 at 2:00 PM on “Tax Policies to Expand Economic Growth and Increase Prosperity for American Families.”

Committee on Energy and Commerce Subcomittee on Communications and Technology will hold a hearing TODAY, 12/5 at 10:30 AM titled “Oversight of the National Telecommunications and Information Administration.”

Committee on Energy and Commerce Subcommittee on Energy, Climate, and Grid Security will hold a hearing TODAY, 12/5 at 10:00 AM titled “America’s Future: Leading a New Era of Energy Dominance, Security, and Environmental Stewardship.”

The Senate...

Committee on the Judiciary will hold a hearing TODAY, 12/5 at 10:00 AM titled “Oversight of the Federal Bureau of Investigation.”

Committee on Finance will hold a hearing TODAY, 12/5 at 10:00 AM titled “Drug Shortages: Examining Supply Challenges, Impacts, and Policy Solutions from a Federal Health Program Perspective.”

BILLS OF INTEREST

• Rep. William Timmons (R-SC-4) introduced a bill to restore the functions of the Office of Innovation of the Bureau of Consumer Financial Protection, and for other purposes.

• Rep. Shri Thanedar (D-MI-13) introduced a bill to establish the Digital Literacy and Equity Commission, and for other purposes.

• Rep. Larry Bucshon (R-IN-8) introduced a bill to direct the Secretary of Commerce to take actions necessary and appropriate to promote the competitiveness of the United States related to the deployment, use, application, and competitiveness of blockchain technology or other distributed ledger technology, and for other purposes.

AT THE AGENCIES

The US Department of Labor

Check back tomorrow for possible updates.

The US Department of the Treasury

The US Department of the Treasury issued press release titled “U.S. Department of the Treasury, IRS, and Department of Energy Announce Remarkable Demand for Solar and Wind Energy in Low-Income Communities Thanks to Groundbreaking Inflation Reduction Act Program.”

The US Department of Commerce

Check back tomorrow for possible updates.

The US Trade Representative

Check back tomorrow for possible updates.

The US Small Business Administration

Check back tomorrow for possible updates.

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