Today’s Daily Update

House raised the debt ceiling; Senate will likely consider debt ceiling today.

House

Yesterday:

  • The House raised the debt ceiling using the legislative vehicle, S. 540, to designate the air route traffic control center located in Nashua, New Hampshire, as the ”Patricia Clark Boston Air Route Traffic Control Center”. The House passed S. 540 by a yea-and-nay vote of 221 yeas to 201 nays, Roll No. 61.
    • Pursuant to the rule, an amendment in the nature of a substitute consisting of the text of sections 1 through 3 of Rules Committee Print 113-37 shall be considered as adopted.
    • H. Res. 478, the rule providing for consideration of the bill, was agreed to by voice vote after the previous question was ordered without objection.
  • The House agreed to H. Res. 475, the rule that is providing for consideration of the bill (H.R. 3193) to amend the Consumer Financial Protection Act of 2010 to strengthen the review authority of the Financial Stability Oversight Council of regulations issued by the Bureau of Consumer Financial Protection, and for other purposes; and providing for proceedings during the period from February 13, 2014, through February 24, 2014, by a recorded vote of 223 ayes to 193 noes with 1 answering ”present”, Roll No. 59, after the previous question was ordered by a yea-and-nay vote of 222 yeas to 195 nays, Roll No. 58.
  • The House agreed to suspend the rules and pass the following measures:
    • South Utah Valley Electric Conveyance Act: S. 25, amended, to direct the Secretary of the Interior to convey certain Federal features of the electric distribution system to the South Utah Valley Electric Service District, by a \2/3\ yea-and-nay vote of 326 yeas to 90 nays with 1 answering ”present”, Roll No. 60
    • Ensuring that any new or revised requirement providing for the screening, testing, or treatment of an airman or an air traffic controller for a sleep disorder is adopted pursuant to a rulemaking proceeding: H.R. 3578, amended, to ensure that any new or revised requirement providing for the screening, testing, or treatment of an airman or an air traffic controller for a sleep disorder is adopted pursuant to a rulemaking proceeding; and
    • Small Cap Liquidity Reform Act: H.R. 3448, amended, to amend the Securities Exchange Act of 1934 to provide for an optional pilot program allowing certain emerging growth companies to increase the tick sizes of their stocks, by a \2/3\ yea-and-nay vote of 412 yeas to 4 nays, Roll No. 62.

Today:

  • The House is not in session.

 

Senate

Yesterday:

  • The Senate passed the National Oceanic and Atmospheric Administration Commissioned Officer Corps Amendments Act, S. 1068, to reauthorize and amend the National Oceanic and Atmospheric Administration Commissioned Officer Corps Act of 2002, after agreeing to the committee amendment in the nature of a substitute, and the following amendment proposed thereto:
    • Reid (for Begich) Amendment No. 2740, to treat certain officers in the commissioned officer corps of the National Oceanic and Atmospheric Administration as employees of the Administration for purposes of vacant positions of employment open only to current employees of the Administration.
  • Bipartisan Budget Act: Senate continued consideration of the motion to proceed to consideration of S. 1963, to repeal section 403 of the Bipartisan Budget Act of 2013.
  • Senator-Designate John E. Walsh of the State of Montana was sworn in to fill Senator Baucus’ vacancy.

 

Nominations:

  • The Senate confirmed the following nominations:
    • By 90 yeas to 8 nays (Vote No. EX. 27), Richard Stengel, of New York, to be Under Secretary of State for Public Diplomacy.
    • By 97 yeas to 1 nay (Vote No. EX. 28), Sarah Sewall, of Massachusetts, to be an Under Secretary of State (Civilian Security, Democracy, and Human Rights).
    • By 92 yeas to 6 nays (Vote No. EX. 29), Charles Hammerman Rivkin, of the District of Columbia, to be an Assistant Secretary of State (Economic and Business Affairs).
    • Sloan D. Gibson, of the District of Columbia, to be Deputy Secretary of Veterans Affairs.

Today:

  • The Senate expects to receive the debt limit and military retirement pay legislation from the House, which the Senate will then consider.
  • The Senate is expected to consider the following nominations:
    • Executive Calendar #525, Tina S. Kaidanow, of the District of Columbia, a Career Member of the Senior Executive Service, Class of Minister-Counselor, to be Coordinator for Counterterrorism, with the rank and status of Ambassador at Large
    • Executive Calendar #595, Daniel Bennett Smith, of Virginia, to be an Assistant Secretary of State (Intelligence and Research)
    • Executive Calendar #527, Catherine Ann Novelli, of Virginia, to be United States Alternate Governor of the International Bank for Reconstruction and Development for a term of five years; United States Alternate Governor for the Inter-American Development Bank for a term of five years, and
    • Executive Calendar #529, Catherine Ann Novelli, of Virginia, to be an Undersecretary of State (Economic Growth, Energy, and the Environment).

 

 

Hearings Covered by W&J Today

 

CFTC
“Market Oversight Roundtable”
9:00am, 1155 21st Street, NW

Senate Environment Public Works
“MAP-21 Reauthorization: The Economic Importance of Maintaining Federal Investments in our Transportation Infrastructure”
10:00am, 406 Dirksen

Senate Homeland Security and Governmental Affairs
“Extreme Weather Events: The Costs of Not Being Prepared”
10:00am, 342 Dirksen

CFTC
“Global Markets Advisory Committee Open Meeting”
2:00pm, 1155 21st Street, NW

 

 

Notable Legislation Introduced Yesterday

 

AGRICULTURE

H.R.4051 : To amend the Farm Security and Rural Investment Act of 2002 to establish a competitive grant program for renewable fuel infrastructure, and for other purposes.
Sponsor: Rep Loebsack, David [IA-2] (introduced 2/11/2014) Cosponsors (None)
Committees: House Agriculture; House Natural Resources
Latest Major Action: 2/11/2014 Referred to House committee. Status: Referred to the Committee on Agriculture, and in addition to the Committee on Natural Resources, 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.

 

DEBT CEILING

H.R.4043 : To suspend the debt ceiling temporarily, to hold the salaries of Members of a House of Congress in escrow if the House of Congress does not agree to a budget resolution or pass regular appropriation bills on a timely basis during a Congress, and for other purposes.
Sponsor: Rep Rothfus, Keith J. [PA-12] (introduced 2/11/2014) Cosponsors (None)
Committees: House Ways and Means; House Administration
Latest Major Action: 2/11/2014 Referred to House committee. Status: Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, 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.RES.478 : Providing for consideration of the bill (S. 540), to designate the air route traffic control center located in Nashua, New Hampshire, as the “Patricia Clark Boston Air Route Traffic Control Center”, and for other purposes.
Sponsor: Rep Woodall, Rob [GA-7] (introduced 2/11/2014) Cosponsors (None)
Committees: House Rules
House Reports: 113-351
Latest Major Action: 2/11/2014 Passed/agreed to in House. Status: On agreeing to the resolution Agreed to by voice vote.
Latest Action: 2/11/2014 Motion to reconsider laid on the table Agreed to without objection.

 

FINANCIAL SERVICES

H.R.4042 : To require a study of appropriate capital requirements for mortgage servicing assets for nonsystemic banking institutions, and for other purposes.
Sponsor: Rep Luetkemeyer, Blaine [MO-3] (introduced 2/11/2014) Cosponsors (4)
Committees: House Financial Services
Latest Major Action: 2/11/2014 Referred to House committee. Status: Referred to the House Committee on Financial Services.

 

HEALTH

H.R.4035 : To amend title XVIII of the Social Security Act to provide Medicare beneficiaries coordinated care and greater choice with regard to accessing hearing health services and benefits.
Sponsor: Rep McDermott, Jim [WA-7] (introduced 2/11/2014) Cosponsors (1)
Committees: House Energy and Commerce; House Ways and Means
Latest Major Action: 2/11/2014 Referred to House committee. Status: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, 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.4053 : To amend title 38, United States Code, to direct the Secretary of Veterans Affairs to establish standards for the provision of mammograms at health care facilities of the Department of Veterans Affairs.
Sponsor: Rep Negrete McLeod, Gloria [CA-35] (introduced 2/11/2014) Cosponsors (None)
Committees: House Veterans’ Affairs
Latest Major Action: 2/11/2014 Referred to House committee. Status: Referred to the House Committee on Veterans’ Affairs.

 

TAX

H.R.4044 : To amend the Internal Revenue Code of 1986 to increase the child tax credit for 2 years.
Sponsor: Rep Braley, Bruce L. [IA-1] (introduced 2/11/2014) Cosponsors (None)
Committees: House Ways and Means
Latest Major Action: 2/11/2014 Referred to House committee. Status: Referred to the House Committee on Ways and Means.

H.R.4052 : To amend the Internal Revenue Code of 1986 to provide a standard home office deduction.
Sponsor: Rep Lujan Grisham, Michelle [NM-1] (introduced 2/11/2014) Cosponsors (None)
Committees: House Ways and Means
Latest Major Action: 2/11/2014 Referred to House committee. Status: Referred to the House Committee on Ways and Means.

S.2011 : A bill to prohibit the Internal Revenue Service from modifying the standard for determining whether an organization is operated exclusively for the promotion of social welfare for purposes of section 501(c)(4) of the Internal Revenue Code of 1986.
Sponsor: Sen Flake, Jeff [AZ] (introduced 2/11/2014) Cosponsors (39)
Committees: Senate Finance
Latest Major Action: 2/11/2014 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

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