Today’s Daily Update


House

Yesterday:

  • The House approved the “Preserving America’s Family Farms Act” (H.R. 4157) and began consideration of the “Federal Reserve Transparency Act of 2012” (H.R. 459), and the “Congressional Replacement of President Obama’s Energy-Restricting and Job-Limiting Offshore Drilling Plan” (H.R. 6082).

Today:

  • The House will complete consideration of the “Federal Reserve Transparency Act of 2012” (H.R. 459) and the “Congressional Replacement of President Obama’s Energy-Restricting and Job-Limiting Offshore Drilling Plan” (H.R. 6082). The House will also begin consideration of the “Red Tape Reduction and Small Business Job Creation Act” (H.R. 4078).

 

Senate

Yesterday:

  • The Senate considered the motion to proceed to the “Middle Class Tax Cut Act of 2012” (S. 3412).


Today:

  • The Senate will hold a cloture vote on the motion to proceed to the “Middle Class Tax Cut Act of 2012” (S. 3412).

 

Hearings Covered by W&J Today

House Oversight and Government Reform Committee
“GAO Report: The Obama Administration’s $8 Billion Extralegal Healthcare Spending Project”
9:30 a.m.
2154 Rayburn

House Ways and Means Committee
Subcommittee on Oversight
“Tax-Exempt Organizations”
9:30 a.m.
1100 Longworth

House Financial Services Committee
“The Annual Report of the Financial Stability Oversight Council”
9:30 a.m.
2128 Rayburn

Senate Finance Committee
“Education Tax Incentives and Tax Reform”
10:00 a.m.
215 Dirksen

House Agriculture Committee
“Oversight of Swaps and Futures Market”
10:00 a.m.
1300 Longworth

Senate Appropriations Committee
“Impact of Sequestration on Education”
10:00 a.m.
124 Dirksen

House Judiciary Committee
“Cloud Computing: An Overview of the Technology and the Issues facing American Innovators”
12:30 p.m.
2141 Rayburn

Senate Commerce Committee
“Short Supply of Prescription Drugs”
2:30 p.m.
253 Russell

House Armed Services Committee
“Improving Military Capabilities for Cyber Operations”
3:30 p.m.
2118 Rayburn

Notable Legislation Introduced Yesterday

Agriculture

H.R.6170 : To amend title 46, United States Code, to reinstate provisions requiring that a percentage of aid provided by the Secretary of Agriculture or the Commodity Credit Corporation in the form of certain agricultural commodities or their products must be transported on commercial vessels of the United States, and for other purposes.
Sponsor: Rep Cummings, Elijah E. [MD-7] (introduced 7/24/2012) Cosponsors (9)
Committees: House Armed Services; House Transportation and Infrastructure
Latest Major Action: 7/24/2012 Referred to House committee.
Status: Referred to the Committee on Armed Services, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

S.3424 : A bill to prohibit the sale of billfish.
Sponsor: Sen Vitter, David [LA] (introduced 7/24/2012) Cosponsors (None)
Committees: Senate Commerce, Science, and Transportation
Latest Major Action: 7/24/2012 Referred to Senate committee.
Status: Read twice and referred to the Committee on Commerce, Science, and Transportation.

Energy

H.R.6168 : President Obama’s Proposed 2012-2017 Offshore Drilling Lease Sale Plan Act
Sponsor: Rep Hastings, Doc [WA-4] (introduced 7/24/2012) Cosponsors (None)
Committees: House Natural Resources
Latest Major Action: 7/24/2012 Referred to House committee.
Status: Referred to the House Committee on Natural Resources.

H.R.6172 : To prohibit the Administrator of the Environmental Protection Agency from finalizing any rule imposing any standard of performance for carbon dioxide emissions from any existing or new source that is a fossil fuel-fired electric utility generating unit unless and until carbon capture and storage is found to be technologically and economically feasible.
Sponsor: Rep McKinley, David B. [WV-1] (introduced 7/24/2012) Cosponsors (9)
Committees: House Energy and Commerce
Latest Major Action: 7/24/2012 Referred to House committee.
Status: Referred to the House Committee on Energy and Commerce.

S.3428 : A bill to amend the Clean Air Act to partially waive the renewable fuel standard when corn inventories are low.
Sponsor: Sen Cardin, Benjamin L. [MD] (introduced 7/24/2012) Cosponsors (None)
Committees: Senate Environment and Public Works
Latest Major Action: 7/24/2012 Referred to Senate committee.
Status: Read twice and referred to the Committee on Environment and Public Works.

Financial Services

S.3426 : A bill to amend the Truth in Lending Act to address certain issues related to the extension of consumer credit, and for other purposes.
Sponsor: Sen Merkley, Jeff [OR] (introduced 7/24/2012) Cosponsors (2)
Committees: Senate Banking, Housing, and Urban Affairs
Latest Major Action: 7/24/2012 Referred to Senate committee.
Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Health

H.R.6176 : To amend the Social Security Act to permit hospitals to make incentive payments to physicians to promote quality and efficiency.
Sponsor: Rep Boustany, Charles W., Jr. [LA-7] (introduced 7/24/2012) Cosponsors (1)
Committees: House Energy and Commerce; House Ways and Means; House Judiciary
Latest Major Action: 7/24/2012 Referred to House committee.
Status: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Labor

S.3425 : A bill to amend the Worker Adjustment and Retraining Notification Act to provide a notice requirement regarding offshoring.
Sponsor: Sen McCaskill, Claire [MO] (introduced 7/24/2012) Cosponsors (None)
Committees: Senate Health, Education, Labor, and Pensions
Latest Major Action: 7/24/2012 Referred to Senate committee.
Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Tax

H.R.8 : To extend certain tax relief provisions enacted in 2001 and 2003, and for other purposes.
Sponsor: Rep Camp, Dave [MI-4] (introduced 7/24/2012) Cosponsors (22)
Committees: House Ways and Means; House Budget
Latest Major Action: 7/24/2012 Referred to House committee.
Status: Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

H.R.6169 : Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012
Sponsor: Rep Dreier, David [CA-26] (introduced 7/24/2012) Cosponsors (22)
Committees: House Rules
Latest Major Action: 7/24/2012 Referred to House committee.
Status: Referred to the House Committee on Rules.

H.R.6176 : To amend the Social Security Act to permit hospitals to make incentive payments to physicians to promote quality and efficiency.
Sponsor: Rep Boustany, Charles W., Jr. [LA-7] (introduced 7/24/2012) Cosponsors (1)
Committees: House Energy and Commerce; House Ways and Means; House Judiciary
Latest Major Action: 7/24/2012 Referred to House committee.
Status: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

H.R.6177 : To amend the Internal Revenue Code of 1986 to increase the deduction for start-up expenditures for business for 2012 and 2013.
Sponsor: Rep Braley, Bruce L. [IA-1] (introduced 7/24/2012) Cosponsors (None)
Committees: House Ways and Means
Latest Major Action: 7/24/2012 Referred to House committee.
Status: Referred to the House Committee on Ways and Means.

H.R.6179 : To amend the Internal Revenue Code of 1986 to extend for 1 year the American Opportunity Tax Credit and the disregard of tax refunds for purposes of Federal, and federally-assisted, programs.
Sponsor: Rep Doggett, Lloyd [TX-25] (introduced 7/24/2012) Cosponsors (22)
Committees: House Ways and Means
Latest Major Action: 7/24/2012 Referred to House committee.
Status: Referred to the House Committee on Ways and Means.

H.R.6180 : To amend the Internal Revenue Code of 1986 to prevent the alternative minimum tax from effectively repealing the Federal tax exemption for interest on State and local private activity bonds.
Sponsor: Rep Neal, Richard E. [MA-2] (introduced 7/24/2012) Cosponsors (1)
Committees: House Ways and Means
Latest Major Action: 7/24/2012 Referred to House committee.
Status: Referred to the House Committee on Ways and Means.

H.R.6181 : To amend the Internal Revenue Code of 1986 to extend certain improvements in the child tax credit and the earned income tax credit, and for other purposes.
Sponsor: Rep Neal, Richard E. [MA-2] (introduced 7/24/2012) Cosponsors (12)
Committees: House Ways and Means
Latest Major Action: 7/24/2012 Referred to House committee.
Status: Referred to the House Committee on Ways and Means.

S.3427 : A bill to permanently extend the employer-provided child care credit under section 45F of the Internal Revenue Code of 1986.
Sponsor: Sen Kohl, Herb [WI] (introduced 7/24/2012) Cosponsors (None)
Committees: Senate Finance
Latest Major Action: 7/24/2012 Referred to Senate committee.
Status: Read twice and referred to the Committee on Finance.

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