EIW Today - June 11th, 2025

Prism Group's Daily Summary

HOUSE GOP DROPS KEY PROVISIONS TO KEEP MEGABILL ON TRACK IN SENATE… House Republicans are making last-minute changes to their sweeping tax and spending package to ensure it complies with Senate rules and retains its special “reconciliation” status, allowing it to bypass a filibuster. The revised bill drops a $6.3 billion crackdown on the pandemic-era employee retention tax credit, cuts $2 billion in military intelligence funding, and removes controversial policies on SNAP benefits, mining near the Boundary Waters, and biofuel procurement. The tweaks reflect behind-the-scenes negotiations with Senate Republicans and aim to keep the “big, beautiful bill” alive ahead of a self-imposed July 4 deadline.

APPEALS COURT REINSTATES TARIFFS AHEAD OF KEY TRADE TALKS… A federal appeals court has temporarily reinstated most of President Trump’s tariffs, issuing a stay on a lower court ruling that had struck them down under the International Emergency Economic Powers Act. The decision keeps in place the 10% global tariff baseline and additional levies on countries like China, just as U.S. and Chinese negotiators reached a tentative deal to ease rare earth mineral trade tensions. As a Wall Street Journal piece notes, “The plaintiffs had warned the appeals court that allowing the tariffs to stay in effect while their case proceeds would be a death blow for some companies, even if they ultimately prevailed in court and were refunded the levies. ‘What good is a refund of the tariffs paid to a business that is bankrupt and no longer exists?’ they said in a court filing.”

CYBERSECURITY MATURITY MODEL CERTIFICATION FINAL RULE EXPECTED LATER THIS SUMMER… A final rule for the Cybersecurity Maturity Model Certification (CMMC), which assesses security compliance for IT contractors and subcontractors, is expected to be published late this summer, according to the DoD. The proposed rule, released last August, has drawn criticism from some small business stakeholders who argue that high compliance costs will create barriers to entry and drive small business participation down.

THE STATE OF THE STATES

SESSIONS BY THE NUMBERS: 

Eighteen states are in regular session. Maine and Missouri are in special session.

WHAT WE'RE WATCHING: 

New Hampshire Gov. Kelly Ayotte (R) signed legislation expanding education savings accounts to all students, regardless of family income.

The California Senate has approved a bill allowing car dealers to charge buyers up to $500 extra on vehicle purchases to process documents. The bill would allow dealers to charge up to 1% of the vehicle’s purchase price for processing, a fee dealers say they need to cover paperwork processing.

LAWMAKERS... IN OR OUT? 

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

The Senate... convenes today at 11:00 AM. The full schedule may be found here. 

HAPPENING ON THE HILL  

The House...  

Committee on Ways and Means will hold a hearing TODAY, 6/11 at 10:00 AM entitled, “Full Committee Hearing with Treasury Secretary Scott Bessent.”

Committee on Natural Resources, Indian and Insular Affairs Subcommittee will hold a hearing TODAY, 6/11 at 10:00 AM entitled, “Legislative Hearing on H.R. 411, H.R. 2916, H.R. 3620 & H.R. 3670.”

Committee on Energy and Commerce, Health Subcommittee will hold a hearing TODAY, 6/11 at 10:00 AM entitled, “Made in America: Strengthening Domestic Manufacturing and the Health Care Supply Chain.”

Committee on Energy and Commerce, Environment Subcommittee will hold a hearing TODAY, 6/11 at 10:15 AM entitled, “Short-Circuiting Progress: How the Clean Air Act Impacts Building Necessary Infrastructure and Onshoring American Innovation.”

Committee on Energy and Commerce, Commerce, Manufacturing, and Trade Subcommittee will hold a hearing on Tomorrow, 6/12 at 10:00 AM entitled, “Winning Off the Field: Legislative Proposal to Stabilize NIL and College Athletics.”

Committee on Foreign Affairs, South and Central Asia Subcommittee will hold a hearing on Tomorrow, 6/12 at 10:00 AM entitled, “Bureau of Industry and Security FY26 Budget: Export Controls and the AI Arms Race.” 

Committee on Natural Resources will hold a hearing on Tomorrow, 6/12 at 10:00 AM entitled, “Examining the President's FY 2026 Budget Request for the Department of the Interior.”

Committee on Ways and Means will hold a hearing on Tomorrow, 6/12 at 10:00 AM entitled, “Work & Welfare Subcommittee Hearing on Aging Out is Not a Plan: Reimagining Futures for Foster Youth.”

Committee on Financial Services will hold a hearing Tomorrow, 6/12 at 10:00 AM entitled, “Evaluating the Defense Production Act.” 

Committee on Financial Services will hold a hearing Tomorrow, 6/12 at 2:00 PM entitled, “Housing in the Heartland: Addressing our Rural Housing Needs.” 

The Senate...    

Committee on Energy & Natural Resources will hold a hearing TODAY, 6/11 at 10:00 AM entitled, “Full Committee Hearing to Examine the President's Budget Request for the U.S. Department of the Interior for Fiscal Year 2026.”

Committee on Judiciary will hold a hearing TODAY, 6/11 at 10:15 AM entitled, “23 and You: The Privacy and National Security Implications of the 23andMe Bankruptcy.”

Committee on Appropriations, Subcommittee will hold a hearing TODAY, 6/11 at 10:30 AM entitled, “A Review of the President’s Fiscal Year 2026 Budget Request for the United States Forest Service.”

Committee on Appropriations, Subcommittee will hold a hearing TODAY, 6/11 at 2:30 PM entitled, “A Review of the President’s Fiscal Year 2026 Budget Request for the Army Corps of Engineers and the Bureau of Reclamation.”

Committee on Appropriations, Subcommittee will hold a hearing TODAY, 6/11 at 3:00 PM entitled, “A Review of the President’s Fiscal Year 2026 Budget Request for the Department of Housing and Urban Development.”

Committee on Appropriations, Subcommittee will hold a hearing TODAY, 6/11 at 3:30 PM entitled, “A Review of the President’s Fiscal Year 2026 Budget Request for the Department of the Treasury.” 

Committee on Judiciary will hold a hearing Tomorrow, 6/12 at 9:30 AM entitled "Executive Business Meeting.”

Committee on Banking, Housing, and Urban Affairs will hold a hearing Tomorrow, 6/12 at 10:00 AM entitled “Nomination Hearing.” 

Committee on Finance will hold a hearing Tomorrow, 6/12 at 10:00 AM entitled “The President’s Fiscal Year 2026 Budget for the Department of Treasury and Tax Reform.”

Committee on Foreign Relations will hold a hearing Tomorrow, 6/12 10:30 AM entitled “Nominations.”

BILLS OF INTEREST 

Rep. Johnny Olszewski (D-MD-2) introduced HR 3851 to amend section 9 of the Small Business Act to extend and expand phase flexibility authority. 

Rep. Joe Neguse (D-CO-2) introduced HR 3849 to prohibit certain individuals from engaging in prohibited financial transactions. 

Rep. Gregory Steube (R-FL-17) introduced HR 3853 to essentially codify President Trump’s efforts to eliminate bureaucracies via executive orders. 

Rep. Julie Fedorchak (R-ND-At Large) introduced HR 3843 to amend the Federal Power Act to prohibit certain retirements of baseload electric generating units. 

AT THE AGENCIES  

The U.S. Department of Labor 

Check back tomorrow for possible updates.

The U.S. Department of the Treasury 

The Department of Treasury announced Joseph Lavorgna will serve as Counsel to the Secretary. 

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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