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EIW TODAY - September 20, 2023

Prism Group's Daily Summary


THE FED EXPECTED TO HOLD STEADY...

At 2PM ET today, the Fed will release a new policy statement and interest rate decision, followed by a press conference with Fed Chair Jerome Powell. The decision not to raise rates is being steered by signs of easing inflation and a less-strained labor market



HOUSE SMALL BUSINESS COMMITTEE HEARING TODAY...

The House Small Business Committee will hold a full committee hearing this TODAY titled “Athletes and Innovators: Examining NIL’s Impact on Entrepreneurial College Athletes.” View more details about the hearing here.


Days left until a potential government shutdown: 11

THE STATE OF THE STATES

SESSION DATES:

Seven state legislatures are in session.


WHAT WE'RE WATCHING:

In South Carolina, Gov. Henry McMaster (R) celebrated his Workforce Scholarships for the Future program training over 32,000 people. In conjunction with South Carolina’s technical college system, tuition and fees for are covered by the program for students pursuing degrees in IT, healthcare, and education, marking a significant investment in workforce preparedness.

The California Legislature has granted approval for Governor Gavin Newsom's (D) administration to purchase substantial amounts of electricity, with the intention of preventing blackouts and promoting the state’s wind industry. The move seeks to address grid strain during heatwaves and meet California’s renewable energy goals by 2045.

LAWMAKERS... IN OR OUT?

The House... will convene at 10:00 AM ET today. For the full schedule, click here.

The Senate...will convene at 10:00 AM ET today. For the full schedule, click here.


HAPPENING ON THE HILL

The House...

  • Committee on Financial Services will hold a hearing TODAY, 9/20 at 10:00 AM ET titled “Markup of H.R. 3378, H.R. 5409, H.R. 760, H.R. 5472, H.R. 5485, H.R. 5119, the Combatting Foreign Surveillance Spyware Sanctions Act, the Financial Access Improvements Act, the Russia and Belarus Financial Sanctions Act of 2023, the Foreign Affiliates Sharing Pilot Program Extension Act, H.R. 3402, H.R. 5403, H.R. 3712”.

  • Committee on Ways and Means will hold a hearing TODAY, 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”.

  • Committee on Small Business will hold a hearing TODAY, 9/20 at 10:00 AM ET titled “Athletes and Innovators: Examining NIL’s Impact on Entrepreneurial College Athletes”.

  • Committee on Energy and Commercewill hold a hearingTODAY, 9/20 at 10:00 AM ET titled "American Hydropower: Unleashing Reliable, Renewable, Clean Power Across the U.S.”.


The Senate...

  • Committee on Health, Education, Labor, and Pensions will hold a hearing TOMORROW, 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 TODAY, 9/20 at 2:00 PM ET titled “Child Care Since the Pandemic: Macroeconomic Impacts of Public Policy Measures”.

  • Committee on Banking, Housing, and Urban Affairs will hold a hearing TODAY, 9/20 at 10:00 AM ET titled “Artificial Intelligence in Financial Services”.

  • Committee on the Judiciarywill hold a hearingTODAY, 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. Rosa DeLauro (D-CT-3) introduced a bill to permit employees to request changes to their work schedules without fear of retaliation and to ensure that employers consider these requests, and to require employers to provide more predictable and stable schedules for employees in certain occupations with evidence of unpredictable and unstable scheduling practices that negatively affect employees.

  • Rep. Greg Landsman (D-OH-1) introduced a bill to amend the Richard B. Russell National School Lunch Act with respect to reimbursements under the child and adult care food program.

  • Rep. Jan Schakowsky (D-IL-9) introduced a bill to extend protections to part-time workers in the areas of family and medical leave and to ensure equitable treatment in the workplace.


AT THE AGENCIES

The US Department of Labor

The US Department of Labor announced the awarding of $992K to Washington to support employment and training services amid the state’s ongoing opioid crisis.


The US Department of the Treasury

The US Department of the Treasury announced that its Occupational Safety and Health Administration awarded approximately $12.7 million in grants to 100 non-profit organizations across the nation to support education and training to help workers and employers recognize serious workplace hazards.


The US Department of Commerce

Check back tomorrow for updates.


The US Trade Representative

The Office of the US Trade Representative announced that USTR Chief Agricultural Negotiator Doug McKalip will be in Oakland, California on September 21, 2023 to discuss agriculture development.


The US Small Business Administration

The US Small Business Administration announced over $80 million in relief has been approved by the SBA for Maui wildfire assistance.

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