Prism Group's Daily Summary
LICENSE SURRENDER DRAWS BIPARTISAN SUPPORT… Funding Circle, a fintech lender that was recently approved for a 7(a) license by the Small Business Administration, has voluntarily surrendered that license following the sale of its US operations. SBA’s decision at the time drew criticism from lawmakers, while this latest development was met with bipartisan backing.
HOUSE TO MARKUP PRIVACY BILL... The House Energy and Commerce Committee will markup the American Privacy Rights Act (APRA) Thursday morning, which creates new federal privacy standards including how information is collected, used, and retained by tech companies with exemptions for small businesses. NFIB has endorsed the small business exemption.
THE STATE OF THE STATES
SESSIONS BY THE NUMBERS:
Eight states are in regular session. South Carolina, Connecticut, and Virginia are in special session.
WHAT WE'RE WATCHING:
New Jersey's Department of Education has released new resources to guide the integration of AI in schools, aligning with Gov. Phil Murphy's (D) vision for an AI-driven educational experience. These resources seek to help districts adopt AI technologies responsibly without setting strict usage regulations.
A new report from UConn's School of Public Policy and the Office of the State Comptroller has revealed trends in workforce diversity and pay equity in Connecticut state government following a wave of retirements. The analysis draws attention to ongoing challenges in achieving representation and equitable compensation among employees.
LAWMAKERS... IN OR OUT?
The House... convenes today at 8:30AM. 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 Energy & Commerce’s Innovation Data Subcommittee will hold a hearing TODAY, 6/26 at 10:00 AM entitled “The Fiscal Year 2025 Department of Commerce Budget.”
Committee on Small Business will hold a hearing TODAY, 6/26 at 10:00 AM entitled “Under the Microscope: Examining the Censorship-Industrial Complex and its Impact on American Small Businesses.”
Committee on Financial Services will hold a hearing TODAY, 6/26 at 10:00am entitled "Housing Oversight: Testimony of the HUD and FHFA Inspectors General."
Committee on Financial Services will hold a hearing on Thursday, 6/27 at 10:00 AM entitled “The Role of the Export-Import (Ex-Im) Bank of the United States Amid Intensifying Economic Competition with China.”
Committee on Financial Services will hold a hearing on Thursday, 6/27 at 2:00 PM entitled “Solutions in Search of a Problem: Chair Gensler’s Equity Market Structure Reforms.”
The Senate...
Check back tomorrow for possible updates.
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 a report sent to Congress on defined benefit pension plan.
The U.S. Department of the Treasury
The U.S. Department of the Treasury released remarks by Secretary of the Treasury Janet L. Yellen in Minneapolis, Minnesota.
The U.S. Department of Treasury announced in a press release new housing efforts to lower housing costs.
The U.S. Department of Treasury released a statement from Assistant Secretary for International Trade and Development Alexia Latortue on the annual African Development Bank meetings.
The U.S. Department of Treasury released the statement from Treasury Assistant Secretary Alexia Latortue on the occasion of the 2024 Annual Meetings of the African Development Bank Group.
The U.S. Department of Commerce
The U.S. Department of Commerce announced in a press release the expansion of SelectTalentUSA Partnership to new international markets.
The U.S. Trade Representative
The U.S. Trade Representative Office announced in a press release seeking Mexico’s review of alleged denial of worker’s rights at ammunition manufacturer facility.
The U.S. Small Business Administration
Check back tomorrow for possible updates.
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