Today’s Daily Update

The House began consideration of H.R. 4413, to reauthorize the Commodity Futures Trading Commission.

House

 

Yesterday:

  • The House agreed to suspend the rules and pass the following measures:
    • Reliable Home Heating Act: S. 2086, to address current emergency shortages of propane and other home heating fuels and to provide greater flexibility and information for Governors to address such emergencies in the future;
    • Streamlining Energy Efficiency for Schools Act of 2014: H.R. 4092, amended, to amend the Energy Policy and Conservation Act to establish the Office of Energy Efficiency and Renewable Energy as the lead Federal agency for coordinating Federal, State, and local assistance provided to promote the energy retrofitting of schools;
    • Collinsville Renewable Energy Production Act: Concur in the Senate amendment to H.R. 316, to reinstate and transfer certain hydroelectric licenses and extend the deadline for commencement of construction of certain hydroelectric projects, by a \2/3\ yea-and-nay vote of 379 yeas to 3 nays, Roll No. 340;
    • Requiring the Secretary of Energy to prepare a report on the impact of thermal insulation on both energy and water use for potable hot water: H.R. 4801, to require the Secretary of Energy to prepare a report on the impact of thermal insulation on both energy and water use for potable hot water.
  • The House began consideration of H.R. 4413, to reauthorize the Commodity Futures Trading Commission, to better protect futures customers, to provide end users with market certainty, to make basic reforms to ensure transparency and accountability at the Commission, and to help farmers, ranchers, and end users manage risks to help keep consumer costs low. Consideration is expected to resume tomorrow, June 24th.
    • Pursuant to the rule, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 113-47 shall be considered as an original bill for the purpose of amendment under the five-minute rule.
    • Agreed to:
      • DeFazio amendment (No. 1 printed in H. Rept. 113-476) that adds one requirement to the study on high frequency trading: Whether such trading increases market volatility, including short term market swings such as the ”flash crash”;
      • DelBene amendment (No. 3 printed in H. Rept. 113-476) that ensures that the Commission’s assessment of costs and benefits regarding rules and orders will be affirmed by a court unless that assessment is found to be an abuse of discretion; and
      • Fincher amendment (No. 7 printed in H. Rept. 113-476) that directs the Comptroller General of the United States to conduct a study of the efficiencies in leasing and rental costs at the Commodity Futures Trading Commission.
    • Proceedings Postponed:
      • Jackson Lee amendment (No. 2 printed in H. Rept. 113-476) that seeks to require a study on entities regulated by the Commodities Futures Trading Commission;
      • Waters amendment (No. 4 printed in H. Rept. 113-476) that seeks to prohibit judicial review of any consideration by the CFTC of the costs and benefits of its rules and orders;
      • Moore amendment (No. 5 printed in H. Rept. 113-476) that seeks to strike Section 203, and replace with the Sense of Congress that the Commodities Future Trading Commission is already required by law to consider costs and benefits when promulgating rules and issuing orders, and is held accountable to this requirement by courts;
      • Jackson Lee amendment (No. 6 printed in H. Rept. 113-476) that seeks to preserve existing law by striking ”United States Court of Appeals for the District of Columbia Circuit or the United States Court of Appeals for the circuit,” and replace with ”United States District Court for the District of Columbia or the United States District Court for the district”; and
      • Garrett amendment (No. 8 printed in H. Rept. 113-476) that seeks to exempt Registered Investment Companies (RICs) that are currently registered with the Securities and Exchange Commission (SEC) under the Investment Company Act of 1940 from duplicative registration requirements with the Commodity Futures Trading Commission (CFTC). The SEC will continue to have full regulatory oversight and enforcement authority over RICs. Amendment does not remove the jurisdiction and regulatory authority that the CFTC has over all futures, options and swaps transactions that the RICs invest in on behalf of their customers who are pensioners, retirees, and savers.

Today:

  • The House will Complete Consideration of H.R. 4413 – Customer Protection and End User Relief Act, Rules Committee Print (Structured Rule) (Sponsored by Rep. Frank Lucas / Agriculture Committee)
    • The Rule provides for no further general or amendment debate.
    • Postponed Amendment Votes:
      • Rep. Shelia Jackson Lee Amendment #14
      • Rep. Maxine Waters Amendment
      • Rep. Gwen Moore Amendment
      • Rep. Shelia Jackson Lee Amendment #13
      • Rep. Scott Garrett Amendment
  • H.R. 3301 – North American Energy Infrastructure Act, Rules Committee Print (Structured Rule) (Sponsored by Rep. Fred Upton / Energy and Commerce Committee / Transportation and Infrastructure Committee / Natural Resources Committee)
    • The Rule provides for one hour of general debate and makes in order the following amendments:
      • Rep. Frank Pallone Amendment (10 minutes of debate)
      • Rep. Henry Waxman Amendment (10 minutes of debate)
      • Reps. Welch / Pingree / Kuster / Shea-Porter Amendment (10 minutes of debate)
  • Begin Consideration of H.R. 6 – Domestic Prosperity and Global Freedom Act, Rules Committee Print (Structured Rule) (Sponsored by Rep. Cory Gardner / Energy and Commerce Committee)
    • The Rule provides for one hour of general debate. Amendments will not be considered until Wednesday.
  • Legislation Considered Under Suspension of the Rules:
    • 1) H.R. 4631 -The Autism CARES Act of 2014, as amended (Sponsored by Rep. Chris Smith / Energy and Commerce Committee)
    • 2) H.R. 4080 – Trauma Systems and Regionalization of Emergency Care Reauthorization Act, as amended (Sponsored by Rep. Michael Burgess / Energy and Commerce Committee)
    • 3) H.R. 3548 – Improving Trauma Care Act of 2014 (Sponsored by Rep. Bill Johnson / Energy and Commerce Committee)
    • 4) H.R. 1098 – Traumatic Brain Injury Reauthorization Act of 2013, as amended (Sponsored by Rep. Bill Pascrell / Energy and Commerce Committee)
    • 5) H.R. 1281 – Newborn Screening Saves Lives Reauthorization Act of 2013 (Sponsored by Rep. Lucille Roybal-Allard / Energy and Commerce Committee)
    • 6) S. 1681 – Intelligence Authorization Act for Fiscal Year 2014 (Sponsored by Sen. Dianne Feinstein / Permanent Select Intelligence Committee)

 

Senate

 

Yesterday:

  • The Senate resumed consideration of the following nominations: Paul G. Byron, to be United States District Judge for the Middle District of Florida; Carlos Eduardo Mendoza, to be United States District Judge for the Middle District of Florida; Beth Bloom, to be United States District Judge for the Southern District of Florida; and Geoffrey W. Crawford, to be United States District Judge for the District of Vermont.

Today:

  • At 11:00am, the Senate will proceed to Executive Session and proceed to a series of 5 roll call votes:
    • Confirmation of Paul G. Byron, of Florida, to be United States District Judge for the Middle District of Florida,
    • Confirmation of Carlos Eduardo Mendoza, of Florida, to be United States District Judge for the Middle District of Florida,
    • Confirmation of Beth Bloom, of Florida, to be United States District Judge for the Southern District of Florida,
    • Confirmation of Geoffrey W. Crawford, of Vermont, to be United States District Judge for the District of Vermont, and
    • Motion to invoke cloture on Leon Rodriguez, of Maryland, to be Director of the United States Citizenship and Immigration Services, Department of Homeland Security

 

Hearings Covered By W&J Today

 

Senate Appropriations
DHS Subcommittee Markup
10:00am, 138 Dirksen

Senate Finance Committee
Student Debt and the Tax System
10:00 am, 215 Dirksen

House Appropriations
State and Foreign Operations Full Committee Markup
10:00am, 2359 Rayburn

House Financial Services
FSOC Annual Report
10:00am, 2128 Rayburn

House Energy & Commerce
21st Century Cures Roundtable: Digital Health Care
10:00am, 2123 Rayburn

House Armed Services
DOD Acquisitions
10:00am, 2118 Rayburn

Senate Appropriations
Financial Services and General Government Subcommittee Markup
10:30am, 124 Dirksen

 

Notable Legislation Introduced Yesterday

 

HEALTH

H.R.4942 : To amend title 38, United States Code, to increase the number of graduate medical education residency positions at hospitals administered by the Secretary of Veterans Affairs.
Sponsor: Rep Titus, Dina [NV-1] (introduced 6/23/2014) Cosponsors (6)
Committees: House Veterans’ Affairs
Latest Major Action: 6/23/2014 Referred to House committee. Status: Referred to the House Committee on Veterans’ Affairs.

TAX

H.R.4935 : To amend the Internal Revenue Code of 1986 to make improvements to the child tax credit.
Sponsor: Rep Jenkins, Lynn [KS-2] (introduced 6/23/2014) Cosponsors (2)
Committees: House Ways and Means
Latest Major Action: 6/23/2014 Referred to House committee. Status: Referred to the House Committee on Ways and Means.

H.R.4940 : To amend the Internal Revenue Code of 1986 to permanently extend 15-year straight-line cost recovery and section 179 expensing for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property.
Sponsor: Rep Meng, Grace [NY-6] (introduced 6/23/2014) Cosponsors (None)
Committees: House Ways and Means
Latest Major Action: 6/23/2014 Referred to House committee. Status: Referred to the House Committee on Ways and Means.

H.R.4941 : To amend the Internal Revenue Code of 1986 to provide for the establishment of Promise Zones.
Sponsor: Rep Peters, Gary C. [MI-14] (introduced 6/23/2014) Cosponsors (None)
Committees: House Ways and Means
Latest Major Action: 6/23/2014 Referred to House committee. Status: Referred to the House Committee on Ways and Means.

TRANSPORTATION

S.2512 : A bill to establish an emergency transportation safety fund for the reconstruction of bridges along the Interstate Highway System, and for other purposes.
Sponsor: Sen McConnell, Mitch [KY] (introduced 6/23/2014) Cosponsors (1)
Committees: Senate Health, Education, Labor, and Pensions
Latest Major Action: 6/23/2014 Referred to Senate committee. Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

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