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EIW TODAY - September 18, 2023

Prism Group's Daily Summary


HOUSE REPUBLICANS RELEASE CONTINUING RESOLUTION TO AVOID GOVERNMENT SHUTDOWN; COMPROMISE STILL A LONG WAY AWAY...

House Republicans reached a deal over the weekend on a 31 day stopgap spending bill. The legislation proposes a 7.8% cut to non-defense spending and will keep the federal government funded until October 31, 2023, with a 1% spending cut from current levels. While the House is scheduled to vote on the bill later this week, it does not contain any of the Senate and White House’s “non-negotiables”, such as foreign aid, and therefore is unlikely to make any real progress outside of the House. Less than two weeks remain for a bipartisan agreement to be reached in order to avoid a government shutdown.


HOUSE SMALL BUSINESS COMMITTEE HEARING ON WEDNESDAY... The House Small Business Committee will hold a full committee hearing this Wednesday, September 20th, titled “Athletes and Innovators: Examining NIL’s Impact on Entrepreneurial College Athletes.” View more details about the hearing here.

THE STATE OF THE STATES

SESSION DATES:

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


WHAT WE'RE WATCHING:

Governor Glenn Youngkin (R) signed the Virginia State Budget, delivering $1 billion in additional tax relief, prioritizing education, and supporting law enforcement. This bipartisan budget comes after a special session was ordered; the budget reflects a commitment to lower the cost of living, invest in education, and provide essential services in Virginia.


California lawmakers concluded their legislative session with significant victories for organized labor, including minimum wage increases for fast-food and health-care workers and extended unemployment benefits for striking Hollywood employees. The bills await Governor Gavin Newsom's (D) signature.

LAWMAKERS... IN OR OUT?

The House... will convene at 12:00 PM today. For the full schedule, click here.

The Senate...will convene at 3:00 PM today. For the full schedule, click here.


HAPPENING ON THE HILL

The House...

  • Committee on Financial Services will hold a hearing TOMORROW, 9/19 at 10:00 AM ET titled “Oversight of the SEC's Division of Investment Management”.

  • Committee on Financial Services will hold a hearing TOMORROW, 9/19 at 2:00 PM ET titled “A Holistic Review of Regulators: Regulatory Overreach and Economic Consequences”.

  • Committee on Ways and Means will hold a hearing TOMORROW, 9/19 at 10:00 AM ET titled “Hearing on Reduced Care for Patients: Fallout From Flawed Implementation of Surprise Medical Billing Protections”.

  • Committee on Ways and Means will hold a hearing Wednesday, 9/20 at 2:00 PM ET titled “Trade Subcommittee Hearing on Reforming the Generalized System of Preferences to Safeguard U.S. Supply Chains and Combat China”.


The Senate...

  • Committee on Appropriations Subcommittee on Financial Services and General Government will hold a hearing TOMORROW, 9/19 at 2:30 PM ET titled “Review of the FY 2024 Budget for the Federal Communications Commission”.

  • Committee on Health, Education, Labor, and Pensions will hold a hearing Thursday, 9/21 at 10:00 AM ET titled “S. 1573, S. 2415, S. 1624, S._, Bipartisan Primary Care and Health Workforce Act”.

  • Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy will hold a hearing Wednesday, 9/20 at 2:00 PM ET titled “Child Care Since the Pandemic: Macroeconomic Impacts of Public Policy Measures”.

  • Committee on Finance will hold a hearing TOMORROW, 9/19 at 10:00 AM ET titled “Aging in Place: The Vital Role of Home Health in Access to Care”.

  • Committee on the Judiciary will hold a hearing TOMORROW, 9/19 at 2:30 PM ET titled “Evading Accountability: Corporate Manipulation of Chapter 11 Bankruptcy”.

  • Committee on the Judiciarywill hold a hearingWednesday, 9/20 at 2:45 PM ET titled “Breaking the Logjam Part 3: Restoring Transparency and Accountability in the Accommodation Process”.


BILLS OF INTEREST

  • Rep. Jerry Nadler (D-NY-12) introduced a bill to amend the Fair Labor Standards Act of 1938 to prohibit employers from paying employees in the garment industry by piece rate, to require manufacturers and contractors in the garment industry to register with the Department of Labor.

  • Rep. Bobby Scott (D-VA-3) introduced a bill to provide subsidized summer and year-round employment for youth who face systemic barriers to employment and viable career options and to assist local community partnerships in improving high school graduation and youth employment rates.

  • Rep. Elise Stefanik (R-NY-21) introduced a bill to amend the Fair Labor Standards Act of 1938 and the National Labor Relations Act to clarify the standard for determining whether an individual is an employee.


AT THE AGENCIES

The US Department of Labor

The US Department of Labor announced $57.2 million in grants to twelve states to help prepare unemployed, underemployed people for high-quality jobs in expanding industries.


The US Department of the Treasury

The US Department of Treasury announced Deputy Secretary of the Treasury Wally Adeyemo will travel to Lagos, Nigeria from September 17 – 19, 2023 for trade discussions.


The US Department of Commerce

The US Department of Commerce announced Deputy Secretary of Commerce Don Graves will lead fifteen American companies on a Cybersecurity Trade Mission to South Korea and Japan from September 20 – 26, 2023.


The US Trade Representative

The US Trade Representative recognized Hispanic Heritage Month in an announcement.


The US Small Business Administration

The US Small Business Administration has invited public comment on a proposed rule that would help expand access to SBA loan programs for people with certain criminal history records.

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