Today’s Daily Update

The House will consider H.J. Res. 88 – Disapproving the rule submitted by the Department of Labor relating to the definition of the term “Fiduciary.” The Senate will resume consideration of H.R.2028, Energy and Water Appropriations.

House

 

Yesterday:

  • Helping Angels Lead Our Startups Act: The House passed H.R. 4498, to clarify the definition of general solicitation under Federal securities law, by a yea-and-nay vote of 325 yeas to 89 nays, Roll No. 171.
    • Rejected:
      • Maxine Waters (CA) amendment (No. 1 printed in H. Rept. 114-530) that sought to limit the types of fees ”demo day” sponsors can collect, limit attendance at ”demo days” to only individuals with financial sophistication, and require an issuer to be a real business (by a yea-and-nay vote of 139 yeas to 272 nays, Roll No. 170).
    • H. Res. 701, the rule providing for consideration of the bill (H.R. 4498) was agreed to by a recorded vote of 240 ayes to 177 noes, Roll No. 169, after the previous question was ordered by a yea-and-nay vote of 238 yeas to 181 nays, Roll No. 168.
  • Suspensions: The House agreed to suspend the rules and pass the following measures:
    • American Manufacturing Competitiveness Act of 2016: H.R. 4923, amended, to establish a process for the submission and consideration of petitions for temporary duty suspensions and reductions, by a \2/3\ yea-and-nay vote of 415 yeas to 2 nays, Roll No. 166;
    • No Fly for Foreign Fighters Act: H.R. 4240, amended, to require an independent review of the operation and administration of the Terrorist Screening Database (TSDB) maintained by the Federal Bureau of Investigation and subsets of the TSDB;
    • Email Privacy Act: H.R. 699, amended, to amend title 18, United States Code, to update the privacy protections for electronic communications information that is stored by third-party service providers in order to protect consumer privacy interests while meeting law enforcement needs, by a \2/3\ yea-and-nay vote of 419 yeas with none voting ”nay”, Roll No. 167; and
    • Defend Trade Secrets Act of 2016: S. 1890, to amend chapter 90 of title 18, United States Code, to provide Federal jurisdiction for the theft of trade secrets, by a \2/3\ yea-and-nay vote of 410 yeas to 2 nays, Roll No. 172.

Today:

  • On Thursday, the House will meet at 10:00 a.m. for morning hour and 12:00 p.m. for legislative business. First votes expected: 1:15-2:15 p.m. Last votes expected: 3:15-4:15 p.m.
  • H.J. Res. 88 – Disapproving the rule submitted by the Department of Labor relating to the definition of the term “Fiduciary” (Closed Rule, One Hour of Debate) (Sponsored by Rep. Phil Roe / Education and the Workforce Committee)
  • Postponed Suspension Votes:
    • 1) H.R. 5019 – Fair Access to Investor Research Act of 2016 (Sponsored by Rep. French Hill / Financial Services Committee)
    • 2) H.R. 2901 – Flood Insurance Market Parity and Modernization Act (Sponsored by Rep. Dennis Ross / Financial Services Committee)

 

Senate

 

Yesterday:

  • Measures Considered:
  • Energy and Water Development and Related Agencies Appropriations Act–Agreement: Senate continued consideration of H.R. 2028, making appropriations for energy and water development and related agencies for the fiscal year ending September 30, 2016, taking action on the following amendments proposed thereto:
    • Pending:
      • Alexander/Feinstein Amendment No. 3801, in the nature of a substitute.
      • Alexander Amendment No. 3804 (to Amendment No. 3801), to modify provisions relating to Nuclear Regulatory Commission fees.
    • During consideration of this measure today, Senate also took the following action:
      • By 50 yeas to 46 nays (Vote No. 64), three-fifths of those Senators duly chosen and sworn, not having voted in the affirmative, Senate rejected the motion to close further debate on Alexander/Feinstein Amendment No. 3801 (listed above).
    • Senator McConnell entered a motion to reconsider the vote by which cloture was not invoked on Alexander/Feinstein Amendment No. 3801.
    • A unanimous-consent agreement was reached providing for further consideration of the bill at approximately 11 a.m., on Thursday, April 28, 2016.
  • Transportation, Housing and Urban Development, and Related Agencies Appropriations Act–Agreement: A unanimous-consent agreement was reached providing that the cloture motion with respect to the motion to proceed to consideration of H.R. 2577, making appropriations for the Departments of Transportation, and Housing and Urban Development, and related agencies for the fiscal year ending September 30, 2016, be withdrawn.

Today:

  • The Senate stands adjourned until 10:00am on Thursday, April 28, 2016.
  • Following any Leader remarks, the Senate will be in a period of morning business for 1 hour, with senators permitted to speak therein for up to 10 minutes each.
  • Following morning business, the Senate will resume consideration of H.R.2028, Energy and Water Appropriations.
  • As a reminder, during Wednesday’s session Senator McConnell withdrew the cloture motion with respect to the motion to proceed to Calendar #138, H.R.2577, Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2016.
  • We expect Senator McConnell to reconsider the vote upon which cloture was not invoked on the Alexander-Feinstein substitute amendment #3801 to H.R.2028, Energy and Water Appropriations, at or around 1:45pm tomorrow.

 

Hearings Covered by W&J Today

 

House Energy and Commerce
Full Committee Markup – Health, Energy, Tech Legislation

House Agriculture Committee
“To Review the Impact of Capital Margin Requirements on End-Users”

House Homeland Security Committee
“Markup – National Cybersecurity Preparedness Consortium Act of 2016”

Senate Finance Committee
“Mental Health in America: Where Are We Now”

Notable Legislation Introduced

 

ENERGY

H.R.5078: To require the Secretary of Transportation to conduct a study on the economic and environment risks to the Great Lakes of spills or leaks of oil, and for other purposes.
Sponsor: Rep Miller, Candice S. [MI-10] (introduced 4/27/2016) Cosponsors (3)
Committees: House Transportation and Infrastructure; House Energy and Commerce
Latest Major Action: 4/27/2016 Referred to House committee. Status: Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Energy and Commerce, 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.

FINANCIL SERVICES

H.R.5085: To reform the screening and eviction policies for Federal housing assistance in order to provide fair access to housing, and for other purposes.
Sponsor: Rep Waters, Maxine [CA-43] (introduced 4/27/2016) Cosponsors (None)
Committees: House Financial Services
Latest Major Action: 4/27/2016 Referred to House committee. Status: Referred to the House Committee on Financial Services.

S.2867: A bill to amend the Securities Exchange Act of 1934 to establish an Office of the Advocate for Small Business Capital Formation and a Small Business Capital Formation Advisory Committee, and for other purposes.
Sponsor: Sen Heitkamp, Heidi [ND] (introduced 4/27/2016) Cosponsors (2)
Committees: Senate Banking, Housing, and Urban Affairs
Latest Major Action: 4/27/2016 Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HEALTH

H.R.5073: To establish EUREKA Prize Competitions to accelerate discovery and development of disease-modifying, preventive, or curative treatments for Alzheimer’s disease and related dementia, to encourage efforts to enhance detection and diagnosis of such diseases, or to enhance the quality and efficiency of care of individuals with such diseases.
Sponsor: Rep Cohen, Steve [TN-9] (introduced 4/27/2016) Cosponsors (2)
Committees: House Energy and Commerce
Latest Major Action: 4/27/2016 Referred to House committee. Status: Referred to the House Committee on Energy and Commerce.

S.2858: A bill to amend part D of title XVIII of the Social Security Act to require the Secretary of Health and Human Services to negotiate for lower prices for Medicare prescription drugs.
Sponsor: Sen Franken, Al [MN] (introduced 4/27/2016) Cosponsors (1)
Committees: Senate Finance
Latest Major Action: 4/27/2016 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

S.2863: A bill to amend title XIX of the Social Security Act to remove limitations on Medicaid benefits for persons in custody pending disposition of charges.
Sponsor: Sen Franken, Al [MN] (introduced 4/27/2016) Cosponsors (3)
Committees: Senate Finance
Latest Major Action: 4/27/2016 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

S.2864: A bill to amend title XVIII of the Social Security Act to prevent catastrophic out-of-pocket spending on prescription drugs for seniors and individuals with disabilities.
Sponsor: Sen Wyden, Ron [OR] (introduced 4/27/2016) Cosponsors (3)
Committees: Senate Finance
Latest Major Action: 4/27/2016 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

TAX

H.R.5076: To amend the Internal Revenue Code of 1986 to ensure that pass-through businesses do not pay tax at a higher rate than corporations.
Sponsor: Rep Buchanan, Vern [FL-16] (introduced 4/27/2016) Cosponsors (2)
Committees: House Ways and Means
Latest Major Action: 4/27/2016 Referred to House committee. Status: Referred to the House Committee on Ways and Means.

H.R.5082: To amend the Internal Revenue Code of 1986 to provide for the deferral of inclusion in gross income for capital gains reinvested in economically distressed zones.
Sponsor: Rep Tiberi, Patrick J. [OH-12] (introduced 4/27/2016) Cosponsors (21)
Committees: House Ways and Means
Latest Major Action: 4/27/2016 Referred to House committee. Status: Referred to the House Committee on Ways and Means.

S.2868: A bill to amend the Internal Revenue Code of 1986 to provide for the deferral of inclusion in gross income for capital gains reinvested in economically distressed zones.
Sponsor: Sen Scott, Tim [SC] (introduced 4/27/2016) Cosponsors (5)
Committees: Senate Finance
Latest Major Action: 4/27/2016 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

Leave a Reply