The House and Senate convene today at noon and 4:30 p.m., respectively.
Lawmakers will have to take up yet another continuing resolution (“CR”) to avoid a government shutdown. The previous stopgap is set to expire Jan. 19. Despite weeks of negotiations, a long-term spending deal is still out of reach. The sticking points remain the same: discretionary spending levels, DACA, and border security. Republican leaders are reportedly considering a CR through Feb. 16 — it is unclear, however, whether Democrats will get behind another temporary funding patch.
The following tax and financial services bills will be taken up on the House floor this week:
- H.R. 4279 – the Expanding Investment Opportunities Act would direct the SEC to revise any rules necessary to enable closed-end companies to use the securities offering and proxy rules that are available to other issuers of securities.
- H.R. 4318 – the Miscellaneous Tariff Bill Act of 2017 would modify certain rates of duty temporarily.
- H.R. 2954 – the Home Mortgage Disclosure Adjustment Act would exempt a depository institution from certain records and disclosure requirements: (1) with respect to closed-end mortgage loans, if the depository institution originated fewer than 1,000 such loans in each of the two preceding years; and (2) with respect to open-end lines of credit, if the depository institution originated fewer than 2,000 such lines of credit in each of the two preceding years.
Although it’s not officially on the House floor schedule, House Energy and Commerce Chairman Greg Walden (R-OR) is trying to get the chamber to take up a six-year CHIP reauthorization bill this week. It remains to be seen whether CHIP will hitch a ride with the CR.
Over in the Senate, members will resume consideration of S. 139, a bill that would extend the government’s surveillance powers under the Foreign Intelligence Surveillance Act. A cloture vote is scheduled for 5:30 p.m. today.
- House Financial Services Committee will mark up a series of bills dealing with community financial institutions, the Volcker Rule, and FSOC, among other things. See the full list here.
- Senate Finance Committee is set to vote on the nomination of Alex Azar to be the next HHS secretary.
- Senate Banking Committee will vote on the nomination of Jay Powell to be the chair of the Federal Reserve.