Prism Group's Daily Summary
GOVERNMENT FUNDING TOP OF MIND FOR CONGRESS... The House and Senate left town for the August recess having fallen short of their goal of passing the twelve appropriations bills needed to fund the federal government beyond a September 30 fiscal year deadline. Both parties will now be forced to navigate the nuances of moving a continuing resolution - potentially with favored policy riders attached – while avoiding a shutdown right before the pivotal election season.
GOVERNOR MOORE SECURES $10 MILLION FEDERAL GRANT TO BOOST MARYLAND SMALL BUSINESSES... Governor Wes Moore and the U.S. Department of Treasury announced a $10 million federal grant awarded to the Maryland Technology Development Corporation to support small businesses in the community. This grant is part of the Biden-Harris Administration’s economic strategy called “The State Small Business Credit Initiative Investing in America Small Business Opportunity Program,” which aims to offer legal, accounting, and financial advisory services “to help small businesses build capacity and apply for loans or investments,” according to a press release.
HARRIS AND TRUMP SQUARE OFF FOR HIGH-PROFILE DEBATE... Tonight Vice President Kamala Harris and former President Donald Trump will face each other on the debate stage. While tax policy had seemingly taken a backseat in the presidential contest, a flurry of activity lately means that is no longer the case – we expect each candidate’s approach to small business taxation issues to play at least a role tonight, particularly in the wake of VP Harris’ recent proposal to increase the business startup deduction tenfold.
THE STATE OF THE STATES
SESSIONS BY THE NUMBERS:
Five states are in regular session. California is in special session.
WHAT WE'RE WATCHING:
New Mexico Governor Michelle Lujan Grisham (D) announced the launch of the $125 million Opportunity Enterprise Housing Development Program, the state's largest-ever housing investment. The program will address the state’s housing shortage for workers who don’t qualify for traditional affordable housing. $30 million will be available in the first round of funding to help essential workers live in the communities they serve.
Maryland Governor Wes Moore (D) hosted the state’s first labor relations roundtable, showing his administration's commitment to strengthening the state’s labor unions. Joined by labor leaders and top officials, Governor Moore talked about the importance of collaboration in ensuring fair pay and advancing policies to benefit workers across Maryland.
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 Financial Services will hold a hearing TODAY, 9/10 at 10:00 AM entitled "Decoding DeFi: Breaking Down the Future of Decentralized Finance."
Committee on Financial Services will hold a hearing TODAY, 9/10 at 2:00 PM entitled "The Fall of ESG: Scrutinizing the Failed Use of Environmental, Social, & Governance Standards and the Influence of Proxy Advisors." Committee on Financial Services will hold a hearing Wednesday, 9/11 at 10:00 AM entitled "Transparency in Global Governance."
Committee on Appropriations will hold a hearing Wednesday, 9/11 at 10:00 AM entitled "Joint Oversight Hearing on Severe Food Distribution Shortages in Tribal and Elderly Communities."
Committee on Energy and Commerce will hold a hearing TODAY, 9/10 at 10:00 AM entitled "Evaluating FDA Human Foods and Tobacco Programs."
Committee on Energy and Commerce's Communications and Technology Subcommittee will hold a hearing TODAY, 9/10 at 10:30 AM entitled "From Introduction to Implementation: A BEAD Program Progress Report."
Committee on Energy and Commerce's Energy, Climate, and Grid Security Subcommittee will hold a hearing Wednesday, 9/11 at 10:o0 AM entitled "From Gas to Groceries: Americans Pay the Price of the Biden-Harris Energy Agenda."
Committee on Energy and Commerce's Oversight and Investigations Subcommittee will hold a hearing Wednesday, 9/11 at 10:30 AM entitled "A Year Removed: Oversight of Securing the U.S. Organ Procurement and Transplantation Network Act Implementation."
The Senate...
Committee on Small Business and Entrepreneurship will hold a hearing Friday, 9/13 at 10:30 AM entitled "Small Business and the Clean Energy Economy: Lowering Costs and Increasing Resilience."
Committee on Banking, Housing, and Urban Affairs will hold a hearing Thursday, 9/12 at 10:00 AM entitled "Protecting Americans' Money: Combatting Scams and Frauds Against Senior Savers."
Committee on Health, Education, Labor, and Pensions will hold a hearing Thursday, 9/12 at 10:00 AM entitled "Examining the Bankruptcy of Steward Health Care: How Management Decisions Have Impacted Patient Care."
Committee on Finance will hold a hearing Thursday, 9/12 at 10:00 AM entitled "The 2025 Tax Policy Debate and Tax Avoidance Strategies."
Committee on the Judiciary will hold a hearing Thursday, 9/12 at 10:00 AM entitled "Executive Business Meeting."
BILLS OF INTEREST
Check back later for possible updates.
AT THE AGENCIES
The U.S. Department of Labor
The U.S. Department of Labor announced in a press release the Advisory Council on Employee Welfare and Pension Benefit Plans, also known as the ERISA Advisory Council, Sept. 10-12 at the department’s headquarters in Washington.
The U.S. Department of the Treasury
The U.S. Department of the Treasury announced in a press release the publication of a new analysis showing the growth of small business and entrepreneurship during the Biden-Harris Administration.
The U.S. Department of Commerce
The U.S. Department of Commerce announced in a press release the appointment of 4 new experts to the National Artificial Intelligence Advisory Committee (NAIAC).
The U.S. Trade Representative
The U.S. Trade Representative Office announced in a press release that the United States Requests USMCA Dispute Settlement Consultations on Canada’s Digital Services Tax.
The U.S. Small Business Administration
The U.S. Small Business Administration announced in a press release that the upcoming quarterly public meetings for the Interagency Task Force (IATF) on Veterans Small Business Development and the Advisory Committee on Veterans Business Affairs (ACVBA) will be held on Sept. 10 and 12, respectively.
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