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EIW Today - January 29th, 2024

Prism Group's Daily Summary



TAX VOTE THIS WEEK? UNCERTAIN. FILING SEASON OPEN? DEFINITELY... The official House schedule still has the measure that would expand the Child Tax Credit and offer more generous tax incentives to businesses listed as something that might be considered this week. 

 

QUIET REBELLION THREATENS GOP TAX CHAIR... Senior Republican sources said Rep. Vern Buchanan (R-Fla.) — who narrowly lost a heated three-way race for the position in 2023 — has been urged to challenge the House Ways and Means chairman for the top job. 

 

SMALL BIZ OWNERS SCALE BACK OFFICE SPACE... While the real estate decisions of big companies get much of the attention, small business owners are also reassessing what they need in terms of an office. Some are finding more bang for their buck in suburban locations. Others are scaling back on square footage, while others, like Replin, are contemplating a move to going permanently remote. Experts say the time is ripe to reassess what a small business actually needs. 


THE STATE OF THE STATES 


SESSIONS BY THE NUMBERS: 


Thirty-eight state legislatures are in regular session. Oklahoma is in special session. 

 

WHAT WE'RE WATCHING: 


Massachusetts Governor Maura Healey (D) has taken a significant step in overhauling the state workforce, signing an executive order to have job listings focus on skills and experience over formal education qualifications. This policy will work to foster a more diverse and inclusive workforce in Massachusetts’ public sector, and is similar to private sector trends seen in companies like Verizon and American Tower. 


Wisconsin Governor Tony Evers (D) addressed the need for affordable housing and workforce development in his annual State of the State address. Gov. Evers commended bipartisan efforts to boost housing construction and workforce housing investment, while also urging the Legislature to address the state's childcare crisis, expand paid family leave, and invest in education to create a stronger workforce in the state. 


LAWMAKERS... IN OR OUT? 


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

The Senate... is out of session today. The full schedule may be found here. 

 

HAPPENING ON THE HILL 


The House...  

Committee on the Budget will hold a hearing Wednesday, 1/31 at 10:00 AM on “Creating a Culture of Fiscal Responsibility: Assessing the Role of the Congressional Budget Office.” 

Committee on Financial Services will hold a hearing Wednesday, 1/31 at 10:00 AM on “Rules Without Analysis: Federal Banking Proposals Under the Biden Administration.” 

Committee on Financial Services will hold a hearing TOMORROW, 1/30 at 10:00 AM on “Better Investment Barriers: Strengthening CCP Sanctions and Exploring Alternatives to Bureaucratic Regimes.” 

Committee on the Judiciary will hold a hearing TOMORROW, 1/30 at 10:00 AM on “The Southern Border Crisis: The Constitution and the States.” 

Committee on Small Business will hold a hearing TOMORROW, 1/30 at 10:00 AM on “Pathways to Success: Supporting Entrepreneurs and Employees with Disabilities.” 

 

The Senate... 

Committee on Banking, Housing, and Urban Affairs will hold a hearing Wednesday, 1/31 at 10:00 AM on “Artificial Intelligence and Housing: Exploring Promise and Peril.” 

Committee on Banking, Housing, and Urban Affairs will hold a hearing Thursday, 2/1 at 10:00 AM on “Examining Scams and Fraud in the Banking System and Their Impact on Consumers.” 

Committee on the Budget will hold a hearing Wednesday, 1/31 at 10:00 AM on “A Blueprint for Prosperity: Expanding Housing Affordability.” 

Committee on the Judiciary will hold a hearing Wednesday, 1/31 at 10:00 AM on “Big Tech and the Online Child Sexual Exploitation Crisis.” 

 

BILLS OF INTEREST 


  • Sen. Todd Young (R-IN) introduced a bill to amend the Higher Education Act of 1965 to create an innovation zone initiative. 

  • Rep. Janice Schakowsky (R-IL-9) introduced a bill to amend the Consumer Product Safety Act to strike provisions relating to the maximum civil penalties for violations of product safety standards. 

  • Sen. Ted Budd (R-NC) introduced a bill to prohibit contracting with certain biotechnology providers. 

 

AT THE AGENCIES 


The US Department of Labor 

Check back tomorrow for possible updates. 

 

The US Department of the Treasury 

The US Department of Labor issued remarks by Secretary of the Treasury Janet L. Yellen in Milwaukee, Wisconsin. 

 

The US Department of Commerce 

The US Department of Commerce announced that the U.S. economy had grown faster than expected for the year and final quarter of 2023. 

 

The US Trade Representative 

The Office of the US Trade Representative issued a Supplemental Burma Business Advisory. 

 

The US Small Business Administration 

The US Small Business Administration issued a readout of SBA Administrator Guzman’s attendance at a meeting of the President's Advisory Commission on the Advancing Educational Equity, Excellence, and Economic Opportunity for Hispanics Initiative. 

 

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