Legislative Update

It promises to be an busy three weeks as the House and Senate will remain in session until they break for their August recess.
 
Floor Schedule
 
The Senate convenes today at 2:00 pm and at 5:00pm, the Senate will proceed to Executive Session to consider the nomination of Kevin McNulty to be United States District Judge for the District of New Jersey.  Then, the Senate will begin consideration of a campaign finance bill, the “Democracy is Strengthened by Casting Light on Spending in Elections (DISCLOSE) Act” (S. 3369).  The Senate may also consider the “Bring Jobs Home Act” (S. 3364). 
 
The House comes back tomorrow and will consider bills under suspension of the rules.  The House will also consider the “Sequestration Transparency Act” (H.R. 5872) and the “Department of Defense Appropriations Act for FY 2013” (H.R. 5856).
 
Committee Meetings
 
As usual, we are following several committee hearings and mark-ups on both sides of the Capitol:
 
On Tuesday, the Senate Agriculture, Nutrition and Forestry Committee will hold an oversight hearing on the Dodd-Frank Act, focusing on its impact over the past two years.  The Senate Banking, Housing and Urban Affairs Committee will hold a hearing to receive the semiannual Monetary Policy Report to Congress from the Federal Reserve System.
 
On Wednesday, the House Financial Services Committee will hold a hearing to receive the semi-annual monetary policy report from the chairman of the Federal Reserve.
 
On Thursday, the House Ways and Means Committee will hold a hearing titled "Tax Reform and the U.S. Manufacturing Sector."  The Financial Institutions and Consumer Credit Subcommittee of House Financial Services Committee will hold a hearing on the impact the Dodd-Frank Act is having on consumers and the Consumers Financial Protection Bureau.  The Oversight and Investigations Subcommittee of House Financial Services Committee will hold a hearing on the impact the Dodd-Frank Act is having on jobs and the economy.
 
On Friday, the Capital Markets and Government Sponsored Enterprises Subcommittee of House Financial Services Committee will hold a hearing on the impact the Dodd-Frank Act is having on municipal advisers and pending legislation.
 
As always, if you have any questions regarding these or any legislative issues, please do not hesitate to contact John Magill, Sam Whitfield or Ryan Donovan.