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EIW Today - July 10th, 2024

Prism Group's Daily Summary



THREE MORE APPROPRIATIONS BILLS TO BE MARKED UP IN THE HOUSE…  Today, the House Appropriations Committee will markup several FY25 appropriations bills for: Labor, Health and Human Services, and Education; Transportation, Housing and Urban Development; and Agriculture, Rural Development, and Food and Drug Administration. 


RENT INFLATION REMAINS A PRESSURE POINT FOR SMALL BUSINESSES... The average monthly rent payment growth per small business client was up 12% year-over-year in May. The rent payments per client closely track the nonresidential real estate rent component of the Producer Price Index, which suggests the increases are largely due to inflation rather than small businesses upgrading to bigger or better spaces.


THE STATE OF THE STATES 

SESSIONS BY THE NUMBERS: 

Six states are in regular session. Virginia is in special session.  

 

WHAT WE'RE WATCHING: 

Oklahoma Governor Kevin Stitt (R) celebrated a $51 million federal investment in Tulsa's Tech Hub, helping it become a leader in autonomous technologies. The initiative seeks to create nearly 60,000 high-paying jobs and improve Oklahoma's legacy in the aviation, defense, and manufacturing industries. 

 

Governor Henry McMaster (R) vetoed a proposal for a legislative committee to study Medicaid expansion in South Carolina. Governor McMaster cited the need for more than a five-month study and expressed skepticism about the fiscal responsibility of an expansion. State Sen. Tom Davis (R), who promoted the study, respected the governor's decision but noted the value of exploring Medicaid expansion options. 

  

LAWMAKERS... IN OR OUT? 

The House... convenes today at 9:00 AM. The full schedule may be found here

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

 

HAPPENING ON THE HILL 

The House...  

Committee on Small Business will hold a hearing TODAY, 7/10 at 10:00 AM entitled “Main Street Realities: Examining the Current Economic Landscape in America.” 

Committee on Finance will hold a hearing TODAY, 7/10 at 10:00 AM entitled “The Federal Reserve’s Semi-Annual Monetary Policy Report.” 

Committee on Finance will hold a field hearing on Friday, 7/12 at 10:00 AM entitled “Financial Institution-Fintech Partnerships: Leveraging Third-Party Relationships to Increase Access to Financial Services.” 

Committee on Ways & Means will hold a field hearing on Friday, 7/12 at 10:00 AM MST entitled “Access to Health Care in America: Unleashing Medical Innovation and Economic Prosperity.” 

 

The Senate...   

Committee on Judiciary will hold a hearing TODAY, 7/10 at 10:00 AM entitled “Nominations.” 

Committee on Finance will hold a hearing TODAY, 7/10 at 10:00 AM entitled “Nominations.” 

Committee on Health, Education, Labor & Pensions will hold a hearing Thursday, 7/11 at 10:00 AM entitled “What Can Congress Do to End the Medical Debt Crisis in America.” 

Committee on Appropriations will hold a hearing Thursday, 7/11 at 9:30 AM entitled “Full Committee Markup of the MilCon-VA, Agriculture-FDA, and Legislative Branch Appropriations Acts and Fiscal Year 2025 Subcommittee Allocations.” 

Committee on Finance will hold a hearing Thursday, 7/11 at 9:30 AM entitled “Examining the State of Child Care: How Federal Policy Solutions Can Support Families, Close Existing Gaps, and Strengthen Economic Growth.” 

Committee on Judiciary will hold a hearing Thursday, 7/11 at 10:00 AM entitled “Executive Business Meeting."

 

BILLS OF INTEREST 

  • Check back tomorrow for possible updates.


AT THE AGENCIES  

The U.S. Department of Labor 

The U.S. Department of Labor announced in a press release the hosting of an ERISA Advisory Council meeting July 8-10.


The U.S. Department of the Treasury 

The U.S. Department of the Treasury released Secretary Janet L. Yellen's testimony before the Committee of Financial Services.


The U.S. Department of Commerce 

Check back tomorrow for possible updates.


The U.S. Trade Representative  

Check back tomorrow for possible updates.  

 

The U.S. Small Business Administration 

Check back tomorrow for possible updates.

 

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