EIW Today - March 11th, 2025

Prism Group
Mar 11
4 min read

Prism Group's Daily Summary

CR DRAMA HEATS UP... With just three days until a funding deadline, Speaker Mike Johnson is reportedly relying increasingly on President Trump's influence within the caucus in pushing for near-unanimous GOP support of his Continuing Resolution bill. And while House Minority Leader Jeffries has vowed Democratic opposition, Senate Democrats are wary but not outright rejecting the GOP's CR, and some have signaled they may vote to prevent a shutdown. With a razor-thin margin in the House, absences and defections could ultimately tip the balance.

SBA ANNOUNCES MADE IN AMERICA MANUFACTURING INITIATIVE... Today, U.S. Small Business Administration (SBA) Administrator Kelly Loeffler announced the launch of the Made in America Manufacturing Initiative, a new effort aimed at revitalizing U.S. manufacturing and strengthening national security. This initiative aligns with President Trump’s economic agenda to create well-paying jobs, secure supply chains, promote fair trade, and reignite the blue-collar surge in the job market. The SBA’s new initiative has the potential to empower small manufacturers by providing resources, funding opportunities, and policy support to ensure their success in a competitive global market.

TRILLIONS LOST IN US STOCK SELL OFF... Amid on-again, off-again tariffs with Canada, Mexico, and China, the S&P 500 has fell by 8%, wiping out $4T from its February all-time high, while the NASDAQ has entered correction territory, falling 10% since its December peak. Capricious tariff policy, a potential government shutdown, and chaotic federal spending slashes have spooked investors and raises questions around the globe about the stability of the USD.

AWBC’S INTERNATIONAL WOMEN’S DAY RECEPTION…

The Association of Women’s Business Centers is hosting a reception honoring International Women’s Day today, March 11, 2025, from 6:00 – 8:00 PM at the National Press Club Ballroom in Washington, D.C. This event will bring together leaders in business and policy to recognize the contributions of women entrepreneurs and discuss the evolving landscape of small business. Attendance is free, but space is limited. RSVP here.

THE STATE OF THE STATES

SESSIONS BY THE NUMBERS:

Forty-six states are in regular session.

WHAT WE'RE WATCHING:

The Nebraska legislature has approved a bill classifying gig economy workers as independent contractors, sending it to Gov. Jim Pillen (R) for a likely signature. The bill had support from Uber, Lyft, DoorDash and other gig-based platforms

The South Dakota legislature has approved a bill requiring labels on political deepfake videos within 90 days of an election. The bill exempts broadcasters, newspapers and websites from liability.

LAWMAKERS... IN OR OUT?

The House... convenes today at 10:00 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 Subcommittee on Oversight, Investigations, and Regulations will hold a hearing, TODAY, 3/11 at 10:00 AM entitled, “Restoring the SBA: Putting Main Street America First.”

Committe on Financial Services will hold a hearing, TODAY, 3/11 at 10:00 AM entitled, “Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central Bank Digital Currency.”

Committee on Appropriations will hold a hearing, TODAY, 3/11 at 10:00 AM entitled, “INNOVATIVE TECHNIQUES IN MILITARY CONSTRUCTION.”

Committee on Energy and Commerce Subcommittee on Environment will hold a hearing, TODAY, 3/11 at 10:15 AM entitled, “Maximizing Opportunities for Redeveloping Brownfields Sites: Assessing the Potential for New American Innovation."

Committee on Way & Means Subcommittee on Health will hold a hearing, TODAY, 3/11 at 2:00 PM entitled, “After the Hospital: Ensuring Access to Quality Post-Acute Care.”

The Senate...

Committee on Judiciary will hold a hearing TODAY, 3/11 at 2:30 AM entitled, “Ending the Scourge: The Need for the STOP CSAM Act.”

Committee on Banking, Housing and Urban Affairs will hold a hearing Wednesday, 3/12 at 10:00 AM entitled, “Housing Roadblocks: Paving a New Way to Address Affordability.”

Committee on Small Business and Entrepreneurship will hold a hearing Wednesday, 3/12 at 2:30 PM entitled, “Nominations of William Briggs to be Deputy Administrator of the Small Business Administration and Dr. Casey Mulligan to be Chief Counsel for Advocacy at the Small Business Administration.”

Committee on Judiciary will hold a hearing Thursday, 3/13 at 9:15 AM entitled, “Executive Business Meeting.”

Committee on Health, Education, Labor and Pensions will hold a hearing Thursday, 3/13 at 9:30 AM entitled, “Nomination.”

Committee on Health, Education, Labor and Pensions will hold a hearing Thursday, 3/13 at 10:00 AM entitled, “Nomination of David Weldon to Serve as Director of the Centers for Disease Control and Prevention.”

Committee on Finance will hold a hearing Friday, 3/14 at 10:00 AM entitled, “Hearing to Consider the Nomination of Mehmet Oz, of Pennsylvania, to be Administrator of the Centers for Medicare and Medicaid Services, vice Chiquita Brooks-LaSure, resigned.”

BILLS OF INTEREST