top of page

EIW Today - May 2nd, 2024

Prism Group's Daily Summary



SMALL BUSINESS WEEK 2024: HOW SMALL BUSINESSES IMPACT OUR ECONOMY... Every year since 1963, U.S. Presidents have issued a Small Business Week proclamation recognizing the contributions of entrepreneurs and small business owners. This year is no different… 


ASSOCIATION FOR ENTERPRISE OPPORTUNITY (AEO) WELCOMES NEW CEO... This evening, AEO's board of directors and team members are hosting a Welcome Reception, welcoming new President and CEO Natalie Madeira Cofield to the helm of the organization. Under new leadership, AEO will continue helping millions of entrepreneurs contribute to economic growth while supporting themselves, their families, and their communities. 

 

STEM OPPORTUNITY ALLIANCE UNVEILED... As building and fostering STEM talent continues to be a top priority for the U.S., China, and other global economies, a partnership between government, industry, and non-profits was unveiled that aims to add 20 million to the STEM workforce by 2050.  


THE STATE OF THE STATES 


SESSIONS BY THE NUMBERS: 


Twenty-six state legislatures are in regular session.

 

WHAT WE'RE WATCHING: 


The Alabama Senate Finance and Taxation Education committee has approved measures to extend tax credits for child care and housing construction, under a broader initiative known as the "Working for Alabama" package. The measures will address barriers to workforce participation and received bipartisan support, including from Gov. Kay Ivey (R). 

 

Nebraska Governor Jim Pillen (R) has issued an executive order to eliminate nearly 1,000 vacant state jobs. This is in an effort to redistribute funds and spare positions crucial to public safety and operational support, amid concerns from state employees about potential service delays. 

 

LAWMAKERS... IN OR OUT? 


The House... convenes today at 10:00 AM ET. The full schedule may be found here

The Senate... convenes today at 10:00 AM ET. The full schedule may be found here


HAPPENING ON THE HILL 


The House...   

Committee on Education and the Workforce will hold a hearing next Tuesday, 5/07 at 10:15 AM on “The Education Department’s Policies, Priorities, and FY 2023 Financial Audit Failure.” 

Committee on Financial Services will hold a hearing next Tuesday, 5/07 at 10:00 AM on “SEC Enforcement: Balancing Deterrence with Due Process.” 

Committee on Appropriations will hold a hearing next Tuesday, 5/07 at 10:00 AM on “Fiscal Year 2025 Request for the U.S. International Development Finance Corporations.” 

Committee on Appropriations will hold a hearing next Tuesday, 5/07 at 10:00 AM on “Fiscal Year 2025 Request for the IRS.” 

Committee on Appropriations will hold a hearing next Tuesday, 5/07 at 10:00 AM on “Fiscal Year 2025 Request for the Drug Enforcement Administration.” 

Committee on Appropriations will hold a hearing next Wednesday, 5/08 at 10:00 AM on “Fiscal Year 2025 Request for the Department of Commerce.” 

Committee on Appropriations will hold a hearing next Wednesday, 5/08 at 10:00 AM on “Fiscal Year 2025 Request for the Federal Communications Commission.” 

Committee on the Budget will hold a hearing next Wednesday, 5/08 at 10:00 AM on “The Cost of the Border Crisis.” 

 

The Senate...  

Committee on Small Business and Entrepreneurship will hold a hearing next Monday, 5/6 at 10:00 AM entitled “Promoting Opportunity: The Need for Targeted Federal Business Programs to Address ongoing Racial Discrimination.” 

Committee on Banking, Housing, and Urban Affairs will hold a hearing TODAY, 5/2 at 10:00 AM on “Higher Prices: How Shrinkflation and Technology and Impact Consumers Finances.”  

 

BILLS OF INTEREST 


  • Rep. Don Bacon (R-NE-2) introduced a bill to amend the Internal Revenue Code of 1986 to exclude compensation from secondary employment for certain taxpayers from the income tax and payroll taxes. 

  • Rep. Michelle Steel (R-CA-45) introduced a bill to amend the Internal Revenue Code of 1986 to repeal the scheduled reduction in the deduction for foreign-derived intangible income.  


AT THE AGENCIES 


The U.S. Department of Labor 

The U.S. Department of Labor awarded $98M in grants to support training and employment services to young people and increase apprenticeships in high-demand careers. 


The U.S. Department of the Treasury 

Check back Monday for possible updates. 

 

The U.S. Department of Commerce 

The U.S. Department of Commerce launched the CHIPS Women in Construction Framework with initial voluntary commitments from Intel and Micron. 

 

The U.S. Trade Representative  

Check back Monday for possible updates. 

 

The U.S. Small Business Administration 

The U.S. Small Business Administration announced a new rule to increase economic opportunity for returning citizens. 

 

Curious for more information? 

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

7 views0 comments

Recent Posts

See All

Comments


bottom of page