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EIW TODAY - October 16, 2023

Prism Group's Daily Summary


HOUSE MAJORITY LEADER SCALISE STEPS OUT OF SPEAKERSHIP RACE, WHILE REP. JORDAN FINDS HIMSELF IN THE LIMELIGHT... House Majority Leader Steve Scalise (R-LA-1) announced Thursday evening he has withdrawn from consideration to be House speaker. His decision came amid several Republican representatives remaining fiercely supportive of Rep. Jim Jordan’s (R-OH-4) speakership bid. Rep. Jordan subsequently won a private nomination vote for speaker this Friday, but there are approximately ten to twenty Republican representatives who do not support his bid for the speakership.

SOCIAL SECURITY RATES TO INCREASE IN LINE WITH LESS INFLATION... With inflation having remained stable in September, Social Security recipients are poised to receive increased benefits, albeit lower than last year. Benefits are expected to rise by only 3.2% next year, a significantly lower number than the 8.7% increase this year. This year’s increase was caused by the high inflation rates observed throughout 2022; next year’s rate signals a significant cooling of inflation in 2023.

THE STATE OF THE STATES


SESSIONS BY THE NUMBERS:

Seven state legislatures are in session. Texas is in special session.

WHAT WE'RE WATCHING:

Texas lawmakers are beginning the second week of their third special session this year. Debate over school choice and vouchers has been the most pressing issue so far, with government leaders not agreeing on funding. Governor Greg Abbott (R), who called the special session, claimed he would add teacher pay to the special session’s agenda only if lawmakers approve a school voucher bill. Michigan Governor Gretchen Whitmer (D) signed bipartisan legislation to allow retired teachers and public school employees to return to work while continuing to receive the retirement benefits that they earned. The Governor’s Office claimed the legislation would help fill the teacher shortage in Michigan while ensuring retirees’ pensions would remain intact.

LAWMAKERS... IN OR OUT?

The House... convenes today at 6:00 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 Thursday, 10/19 at 10:00 AM titled “Burdensome Regulations: Examining the Effects of DOL Rulemaking on America’s Job Creators”.

  • Committee on Ways and Means Subcommittee on Social Security will hold a hearing Wednesday, 10/18 at 2:00 PM on Protecting Beneficiaries from the Harm of Improper Payments.

  • Committee on Ways and Means Subcommittee on Oversight will hold a hearing Thursday, 10/19 at 10:00 AM on Investigating Pandemic Fraud: Preventing History from Repeating Itself.

  • Committee on Energy and Commerce Subcommittee on Innovation, Data, and Commerce will hold a hearing Wednesday, 10/18 at 10:00 AM titled "Safeguarding Data and Innovation: Setting the Foundation for the use of Artificial Intelligence".

The Senate...

  • Committee on Banking, Housing, and Urban Affairs will hold a hearing TOMORROW, 10/17 at 2:30 PM ET titled “How Community Development Financial Institutions Promote Housing and Economic Opportunity”.

  • Committee on the Judiciary will hold a hearing TOMORROW, 10/17 at 10:00 AM titled “Name, Image, and Likeness, and the Future of College Sports”.

  • Committee on the Budget will hold a hearing Wednesday, 10/18 at 10:00 AM titled “Improving Care, Lowering Costs: Achieving Health Care Efficiency”.

  • Committee on Finance will hold a hearing Wednesday, 10/18 at 10:00 AM titled “Medicare Advantage Annual Enrollment: Cracking Down on Deceptive Practices and Improving Senior Experiences”.


BILLS OF INTEREST

  • Rep. Jason Crow (D-CO-6) introduced a bill to require the Administrator of the Small Business Administration to establish a program to encourage small business concerns to make business succession plans, and for other purposes.

  • Rep. Andrea Salinas (D-OR-6) introduced a bill to require the Secretary of Agriculture to establish and maintain a training program for Department of Agriculture personnel and third-party providers on the rapidly evolving methodologies, science, and practices of biological soil health management systems on agricultural land.

  • Rep. Marie Gluesenkamp Perez (D-WA-2) introduced a bill to improve the effectiveness and performance of certain Federal financial assistance programs, and for other purposes.

AT THE AGENCIES The US Department of Labor

Check back tomorrow for possible updates.

The US Department of the Treasury

The US Department of the Treasury issued remarks by Secretary of the Treasury Janet Yellen at the Eurogroup Finance Ministers meeting in Luxembourg, Luxembourg.

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

Check back tomorrow for possible updates.

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