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EIW Today - February 12th, 2024

Prism Group's Daily Summary



HEARING ALERT... The Committee on Small Business will hold a hearing Wednesday, 2/14 at 10:00 AM on “Burdensome Regulations: Examining the Impact of EPA Regulations on Main Street.” Additionally, this committee will hold a hearing Thursday, 2/15 at 10:00 AM on “Leveling the Playing Field: Challenges Facing Small Business Contracting.” 

 

BUDGET LEGISLATION FACES HURDLES AS LAWMAKERS APPROACH SHUTDOWN DEADLINE... Congressional negotiators are facing a series of hurdles in crafting legislation to fund the government as lawmakers navigate partisan divides with added budget constraints

 

BLACK MORTGAGE APPLICANTS REJECTED BY LARGEST CREDIT UNION... Navy Federal Credit Union, which lends to military service members and veterans, approved more than 75% of the White borrowers who applied for a new conventional home purchase mortgage in 2022, according to the most recent data available from the Consumer Financial Protection Bureau. But less than 50% of Black borrowers who applied for the same type of loan were approved

 

THE STATE OF THE STATES 


SESSIONS BY THE NUMBERS: 


Forty-three state legislatures are in regular session. 

 

WHAT WE'RE WATCHING: 


California is stepping more into AI innovation with the introduction of Senate Bill 1047, proposing the creation of CalCompute, a public cloud computing cluster to support AI development for entrepreneurs and startups at low or no cost. This initiative would democratize access to AI resources, fostering innovation across the state. 

 

Wisconsin's Department of Health Services has entered its second year with Secretary Kirsten Johnson at the helm, focusing on critical public health issues like the state's health care workforce. With the creation of a health care workforce task force announced by Governor Tony Evers (D), Johnson hopes address workforce gaps and improve public health services across Wisconsin. 

 

LAWMAKERS... IN OR OUT? 


The House... the house is out of session today.

The Senate...  convenes today at 12:00 PM. The full schedule may be found here. 


HAPPENING ON THE HILL 


The House...  

Committee on the Budget will hold a hearing Wednesday, 2/14 at 10:00 AM on “The Congressional Budget Office’s Budget and Economic Outlook.” 

Committee on Education and the Workforce will hold a hearing Wednesday, 2/14 at 10:15 AM on “Examining the Policies and Priorities of the Wage and Hour Division.” 

Committee on Education and the Workforce will hold a hearing Thursday, 2/15 at 10:15 AM on “Protecting American Savers and Retirees from DOL’s Regulatory Overreach.” 

Committee on Energy and Commerce will hold a hearing Wednesday, 2/14 at 10:00 AM on “Legislative Proposals to Support Patients and Caregivers.” 

Committee on Financial Services will hold a hearing Wednesday, 2/14 at 10:00 AM on “Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence.” 

Committee on Financial Services will hold a hearing Thursday, 2/15 at 10:00 AM on “Lender of Last Resort: Issues with the Fed Discount Window and Emergency Lending.” 

Committee on Financial Services will hold a hearing Thursday, 2/15 at 2:00 PM on “Crypto Crime in Context Part II: Examining Approaches to Combat Illicit Activity.” 

Committee on Small Business will hold a hearing next Wednesday, 2/14 at 10:00 AM on “Burdensome Regulations: Examining the Impact of EPA Regulations on Main Street.” 

Committee on Small Business will hold a hearing next Thursday, 2/15 at 10:00 AM on “Leveling the Playing Field: Challenges Facing Small Business Contracting.” 

 

The Senate...  

Check back tomorrow for possible updates. 

 

BILLS OF INTEREST 


  • Sen. James Risch (R-ID) introduced a bill to amend the Small Business Act to require that plain writing statements regarding the solicitation of subcontractors be included in certain subcontracting plans. 

  • Rep. Debbie Dingell (D-MI-6) introduced a bill to assist entrepreneurs and support development of the creative economy. 

  • Rep. Donald Norcross (D-NJ-1) introduced a bill to direct the Secretary of Labor to support the development of pre-apprenticeship programs in the building and construction trades that serve underrepresented populations, including individuals from low income and rural census tracts. 

 

AT THE AGENCIES 


The US Department of Labor 

The US Department of Labor announced new partners to deliver employment assistance for transitioning service members and military spouses. 

 

The US Department of the Treasury 

The US Department of Labor issued a readout of Secretary of the Treasury Janet L. Yellen’s bilateral meeting with Executive Vice President and Commissioner for Economy Paolo Gentiloni of the European Union. 

 

The US Department of Commerce 

The US Department of Commerce issued a readout entitled “Two Years of Indo-Pacific Strategic Results: Strengthening Indo-Pacific Commerce for a Prosperous Future.” 

 

The US Trade Representative 

The Office of the US Trade Representative published a fact sheet entitled “The USMCA Rapid Response Mechanism Delivers for Workers.” 

 

The US Small Business Administration 

Check back tomorrow for possible updates. 

 

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