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EIW Today - March 5th, 2024

Prism Group's Daily Summary



TAX PACKAGE ON THE BACK-BURNER... With the work on a half-dozen spending bills all but complete, it’s unlikely that we will see a partial government shutdown come midnight this Friday. But all the attention paid to appropriations has come at the cost of the House-passed tax package, which still remains stalled in the Senate. That bill now faces yet another obstacle in the form of changes requested by Republican tax writer Mike Crapo, who is reportedly asking for modifications to the bill’s Child Tax Credit expansion, among other provisions. Should the bill ultimately be amended, it would have to be sent back to the House for yet another vote.  

 

A PSA FROM SBA… The Small Business Administration is reminding individuals that certain deadlines are coming up on pandemic era loans, including PPP and EIDL. Many businesses may not know they have not applied for forgiveness, or are not current with PPP or EIDL loans. If you’re in doubt, be sure to check your status by clicking here.  


THE STATE OF THE STATES 


SESSIONS BY THE NUMBERS: 


Forty-one state legislatures are in regular session.

 

WHAT WE'RE WATCHING: 


Massachusetts Governor Maura Healey (D) has initiated the Artificial Intelligence Strategic Task Force. Using expertise from tech leaders and academics, the task force hopes to instate safety and responsibility in the state’s pioneering AI development industry. Recommendations from the task force are due later this year. 

 

An Oregon audit has revealed the state lacks a comprehensive strategy for managing its 45,000-person workforce. Due to the state being Oregon’s largest employer, the state faces several risks from lacking a management strategy. Risks include poor public services and finances due to inadequate planning and not utilizing technology to track employee incompetencies. 

 

LAWMAKERS... IN OR OUT? 


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

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


HAPPENING ON THE HILL 


The House...  

Committee on Small Business will hold a hearing Wednesday, 3/06 at 10:00 AM on “Reducing Mismanagement: GAO Recommendations for Improving the SBA.” 

Committee on Small Business will hold a hearing Thursday, 3/07 at 10:00 AM on “The Rare Earth Mineral Marketplace: Examining the Small Business Role in this Critical Supply Chain.” 

Committee on Small Business will hold a hearing next Tuesday, 3/12 at 10:00 AM on “Navigating Regulations: Alternative Pathways to Investing in Small Businesses.” 

Committee on Agriculture will hold a hearing Wednesday, 3/06 at 10:00 AM “For the Purpose of Receiving Testimony from The Honorable Rostin Behnam, Chairman, Commodity Futures Trading Commission.” 

Committee on Education and the Workforce will hold a hearing Wednesday, 3/06 at 10:15 AM on “Proven Results: Highlighting the Benefits of Charter Schools for Students and Families.” 

Committee on Financial Services will hold a hearing Wednesday, 3/06 at 10:00 AM on “The Federal Reserve’s Semi-Annual Monetary Policy Report.” 

Committee on Financial Services will hold a hearing Thursday, 3/07 at 10:00 AM on “Politicized Financial Regulation and Its Impact on Consumer Credit and Community Development and Its Impact on Consumer Credit and Community Development."  

 

The Senate...  

Special Committee on Health, Education, Labor, and Pensions will hold a hearing Thursday, 3/07 at 11:00 AM on “The Older Americans Act: Supporting Efforts to Meet the Needs of Seniors.” 

Committee on the Judiciary will hold a hearing Wednesday, 3/06 at 10:00 AM on “Nominations.” 

 

BILLS OF INTEREST 


  • Check back tomorrow for possible updates.


AT THE AGENCIES 


The US Department of Labor 

The US Department of Labor issued a press release on its investigation findings that H.K. Construction, a company offering residential construction services recklessly disregarded the requirements of the Fair Labor Standards Act and underpaid dozens of field employees wages they legally earned. 

 

The US Department of the Treasury 

Check back tomorrow for possible updates.

 

The US Department of Commerce 

Check back tomorrow for possible updates.

 

The US Trade Representative  

Check back tomorrow for possible updates.

 

The US Small Business Administration 

The US Small Business Administration issued a press release of SBA Administrator Guzman announcing the next generation of the SBA’s Lender Match tool for small businesses to connect to capital through SBA’s network of approved banks and lenders.      

 

Curious for more information? 

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