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Congress Back in Session This Week with Packed Agenda
Tuesday, September 5, 2017 6:40 AM

Congress returns to work this week. On the agenda for completion by month's end are the budget, reauthorizing the National Flood Insurance Program (NFIP), and raising the debt ceiling. Also up for review, contentious priority items such as DACA (Deferred Action for Childhood Arrivals, or "Dreamers"), what to do about North Korea, and a host of other things.

We may see possible Senate action soon on a House-passed Congressional Review Act resolution to withdraw the CFPB's recent arbitration rulemaking. In the coming weeks and months, Congress and the administration will also continue work on tax reform, regulatory relief, housing finance reform, and data security.

Congress this week will hold hearings addressing economic growth and the financial regulators. Hearings include:

  • The House Education and Workforce Committee will hold a hearing Wednesday titled, "The Sharing Economy: Creating Opportunities for Innovation and Flexibility."
  • On Wednesday, the House Financial Services Subcommittee on Terrorism and Illicit Finance will hold a hearing on how to combat the financing of "lone-wolf and small-scale terrorist attacks."
  • The House Financial Services Subcommittee on Capital Markets, Securities, and Investments will hold a hearing Thursday evaluating the oversight of the financial industry's regulatory authority.
  • Also on Thursday, the House Financial Services Subcommittee on Financial Institutions and Consumer Credit will look at legislative proposals for a more efficient federal financial regulatory regime.
  • The House Small Business Subcommittee on Economic Growth, Tax, and Capital Access on Thursday is holding a hearing examining the small business labor market.

The Senate Appropriations Committee this week will continue its review of fiscal 2018 appropriations bills.