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EIW Today - May 14th, 2024

Prism Group's Daily Summary



NSBA RESPONDS TO CTA APPEAL… The National Small Business Association filed its brief yesterday in its ongoing suit challenging the constitutionality of the Corporate Transparency Act. The case is now before the 11th Circuit Court of Appeals, following a favorable decision at a lower court earlier this year and subsequent appeal by the federal government. Oral arguments in the case are set to take place in September.  

 

GOT AN IDEA FOR A TOY? TOYMAKERS WANT TO HEAR FROM YOU… Toy companies that have direct-to-consumer models do not have the same audience reach that distributors like Amazon have, but a unit devoted to direct sales still provides advantages for the overall business, said Jaime M. Katz, an analyst who covers the toy industry for Morningstar, a financial services company. 


THE STATE OF THE STATES 


SESSIONS BY THE NUMBERS: 


Eighteen state legislatures are in regular session.

 

WHAT WE'RE WATCHING: 


Arizona Governor Katie Hobbs (D) and the Arizona Commerce Authority have launched new small business support programs, including the Arizona Loan Guarantee Program and Technical Assistance Program. The programs’ intent is to address capital access issues, particularly for underserved communities, to ensure financial stability and growth opportunities for Arizonan small businesses. 

 

Governor Kathy Hochul (D) celebrated National Small Business Month in New York by launching new programs to support the state’s small businesses. This includes a $6 million Innovation Matching Grants Program and increased support for businesses insured by the New York State Insurance Fund, with a focus on expediting minority- and women-owned business certifications. 

 

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 Energy and Commerce's Environment, Manufacturing, and Critical Materials Subcommittee will hold a hearing Wednesday, 5/15 at 10:00 AM on “The Fiscal Year 2025 Environmental Protection Agency Budget.” 

Committee on Energy and Commerce's Environment, Manufacturing, and Critical Materials Subcommittee and Communications and Technology Subcommittee will hold a hearing Wednesday, 5/15 at 10:30 AM on “The Fiscal Year 2025 National Telecommunications and Information Administration Budget.”  

Committee on Financial Services will hold a hearing Wednesday, 5/15 at 10:00 AM on “Oversight of Prudential Regulators.” 

Committee on Appropriations will hold a hearing Wednesday, 5/15 at 10:00 AM on “Budget Hearing - Fiscal Year 2025 Request for the Federal Trade Commission."

Committee on Small Business will hold a hearing Wednesday, 5/15 at 12:00 PM on “Under the Microscope: Reviewing Key SBA Programs with Associate Administrator Frost.” 

Committee on Appropriations will hold a hearing Thursday, 5/16 at 10:00 AM on “Budget Hearing - Fiscal Year 2025 Request for the Federal Communications Commission."

Committee on Ways and Means' Tax Subcommittee will hold a hearing Monday, 5/20 at 10:00 AM on “Creating More Opportunity and Prosperity in the American Rust Belt.” 

Committee on Small Business will hold a hearing Wednesday, 5/22 at 10:00 AM on “Burdensome Regulations: Examining the Biden Administrations Failure to Consider Small Businesses.” 

 

The Senate...  

Committee on Appropriations Subcommittee will hold a hearing Wednesday, 5/15 at 2:30 PM on “A Review of the President’s Fiscal Year 2025 Budget Request for the Department of Commerce.” 

Committee on Appropriations Subcommittee will hold a hearing Wednesday, 5/15 at 2:00 PM on “Strengthening American Competitiveness: Examining the Roles of the U.S. International Development Finance Corporation, Export-Import Bank of the United States, and Millennium Challenge Corporation.” 

Committee on Banking, Housing, and Urban Affairs will hold a hearing Thursday, 5/16 at 10:00 AM on “Oversight of U.S. Financial Regulators: Accountability and Financial Stability.” 

Committee on the Judiciary will hold a hearing Thursday, 5/16 at 10:00 AM on “Executive Business.” 

 

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 “Access to Good Jobs for All" as the theme for National Disability Employment Awareness Month. 


The U.S. Department of Labor announced the Federal Black Lung Program will hold an outreach event in Greenville, Kentucky for current and former coal miners and their families affected by black lung disease. 


The U.S. Department of Labor announced a restaurant owner agrees to stop intimidating workers who cooperate in a federal wage investigation.   


The U.S. Department of the Treasury 

The U.S. Department of the Treasury announced the opening date and increased availability for program to spur clean energy investments and lower energy costs in underserved communities. 


The U.S. Department of the Treasury released a statement on President Biden's decision prohibiting MineOne Cloud Computing's acquisition of real estate and operation of a cryptocurrency mining facility close to Francis E. Warren Air Force Base. 

 

The U.S. Department of Commerce 

The U.S. Department of Commerce announced the Biden-Harris Administration agreed to preliminary terms with Polar Semiconductor to start an independent American foundry. 

 

The U.S. Trade Representative  

The U.S. Trade Representative office issued a press release regarding a labor dispute between Grupo Mexico and Los Mineros at the San Martin mine in the Mexican state of Zacatecas. 

 

The U.S. Small Business Administration 

Check back tomorrow for possible updates.

 

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