EIW Today - June 9th, 2025

Prism Group's Daily Summary

GOP FACES TIGHT TIMELINE AND INTERNAL DIVISIONS ON RECONCILIATION BILL… Senate Republicans are racing to finalize a sweeping reconciliation package before the July 4 recess, but face deep internal divisions on key issues like SALT, Medicaid, and clean-energy tax credits. In particular, disputes over the bill’s substance and Byrd Rule compliance – the series of rules that dictate what can and can’t be included in a reconciliation bill – threaten to delay progress. Meanwhile, any changes in the Senate risk derailing support in the House, where GOP leaders will have just days to unify their conference for a final vote.

CODIFYING DOGE CUTS… Last week, President Trump sent Congress a request to rescind billions in funding cuts identified by DOGE, codifying those cuts into federal law. The recision of funds, mostly related to USAID, offer a test run for the GOP as they seek to further codify controversial cuts to a multitude of departments and agencies across the federal government. Voting is expected to begin this week.

GLOBAL ENTREPRENEURSHIP CONGRESS RETURNS TO THE US… Indiana hosted the annual global entrepreneurship conference, supported by the Kauffman Foundation, to highlight emerging trends in global small business. This year’s event focused on practical guidance for entrepreneurs and local economic development leaders across the U.S. Artificial intelligence was a central topic, particularly its impact on small business growth. Keynote speaker Mark Cuban emphasized the rise of AI and urged policymakers to invest in local communities, security, and lifestyle development to attract and support entrepreneurs in the U.S.

THE LONDON TRADE TALKS BEGIN… U.S. and Chinese officials are meeting today in London for new trade talks following a phone call between President Trump and President Xi. The talks aim to stabilize a tense economic relationship strained by tariffs, technology disputes, and restrictions on Chinese students. Both countries are hoping to prevent further escalation, though significant disagreements remain. The meeting reflects an attempt to reset dialogue amid slowing Chinese exports and global economic uncertainty.

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: 

Lawmakers in at least nine states considered bills this year to promote the production of sustainable aviation fuel. Legislators in Arkansas and Iowa passed bills creating new tax credits for the sustainable fuel, which can cut a flight’s carbon emissions by up to 80%. Bipartisan coalitions of legislators have backed the bills that have passed so far.

The Oregon House has approved legislation allowing unemployment benefits for workers on strike. The bill would provide up to 26 weeks of benefits to striking workers, much more than the six weeks provided under a similar law approved this year in neighboring Washington.

LAWMAKERS... IN OR OUT? 

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

The Senate... convenes today at 3:00 PM. The full schedule may be found here.

HAPPENING ON THE HILL  

The House...  

Committee on Financial Services will hold a hearing Tomorrow, 6/10 at 10:00 AM entitled, “Markup of Various Measures." 

Committee on Appropriations will hold a hearing Tomorrow, 6/10 at 9:30 AM entitled, “Oversight Hearing– The Department of Defense.”

Committee on Appropriations will hold a hearing Tomorrow, 6/10 at 10:00 AM entitled, “Budget Hearing– U.S. Department of Housing and Urban Development.”

Committee on Energy and Commerce will hold a hearing Tomorrow, 6/10 at 10:00 AM entitled, “The Fiscal Year 2026 Department of Energy Budget.”

Committee on Natural Resources will hold a hearing Tomorrow, 6/10 at 10:15 AM entitled, “Legislative Hearing on H.R. 1045, H.R. 1655, H.R. 3187 & H.R. 3444 | Federal Lands Subcommittee.”

Committee on Small Business, Innovation, Entrepreneurship, and Workforce Development Subcommittee will hold a hearing Tomorrow, 6/10 at 2:00 PM entitled, “Beyond the Ballpark: The Role of Minor League Baseball in Economic Growth.”

Committee on Foreign Affairs, East Asia and Pacific Subcommittee will hold a hearing Tomorrow, 6/10 at 2 PM entitled “Building Bridges, Countering Rivals: Strengthening U.S.-ASEAN Ties to Combat Chinese Influence.”

Committee on Ways and Means will hold a hearing Wednesday, 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 Wednesday, 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 Wednesday, 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 Wednesday, 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 Thursday, 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 Thursday, 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 Thursday, 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 Thursday, 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 Thursday, 6/12 at 10:00 AM entitled, “Evaluating the Defense Production Act.” 

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

The Senate...    

Committee on Foreign Relations will hold a hearing Tomorrow, 6/10 at 10:00 AM entitled, “Nominations.”

Committee on Appropriations, Subcommittee will hold a hearing Tomorrow, 6/10 at 10:00 AM entitled, “A Review of the President’s Fiscal Year 2026 Budget Request for the National Institutes of Health.”

Committee on Appropriations, Subcommittee will hold a hearing Tomorrow, 6/10 at 2:00 PM entitled, “A Review of the President’s Fiscal Year 2026 Budget Request for the Department of Defense.”

Committee on Energy & Natural Resources will hold a hearing Wednesday, 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 Wednesday, 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 Wednesday, 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 Wednesday, 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 Wednesday, 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 Wednesday, 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 Thursday, 6/12 at 9:30 AM entitled "Executive Business Meeting.”

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

Committee on Finance will hold a hearing Thursday, 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 Thursday, 6/12 10:30 AM entitled “Nominations.”

BILLS OF INTEREST 

Rep. David Bouzer (R-NC-7) introduced HR 2390 to amend the United States Code to clarify that port infrastructure development program funds may be used to replace Chinese port crane hardware or software. The bill is being considered under suspension of the rules.

Rep. Salud Carbajal (D-CA-24) introduced HR 2035 to ensure that all cargoes procured, furnished, or financed by the Department of Transportation are then transported on privately-owned American commercial vessels. The bill is being considered under suspension of the rules.

Rep. Steve Scalise (R-LA-1) introduced HR 4 to rescind certain budgetary authorities in line with President Trump’s June 3rd messages to Congress. The legislation is being considered pursuant to a rule.

The House Appropriations Committee released the Fiscal Year 2026 Homeland Security Bill. The subcommittee markup will occur on Monday, June 9th.

AT THE AGENCIES  

The U.S. Department of Labor 

Secretary Chavez-DeRemer released a statement regarding the May 2025 Employment Situation Report.

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  

The Office of the United States Trade Representative has announced a public comment process to consider changes to certain aspects of Annexes III and IV in the action (90 Fed. Reg. 17114, April 23, 2025) in the Section 301 Investigation of China’s Targeting of the Maritime, Logistics, and Shipbuilding Sectors for Dominance. The deadline to submit comments is July 7, 2025.

The U.S. Small Business Administration 

Check back tomorrow for possible updates.

Want this email forwarded to you? Curious for more information? 

Subscribe to EIW Today to receive the morning newsletter directly in your own inbox!