Today’s Daily Update

The House will consider H.R. 4545 – Financial Institutions Examination Fairness and Reform Act and H.R. 4263 – Regulation A+ Improvement Act of 2017. The Senate will resume consideration of the motion to proceed to H.R.1865: SESTA/FOSTA.

THE HOUSE

 

Yesterday

  • Suspensions: The House agreed to suspend the rules and pass the following measures:
    • Student, Teachers, and Officers Preventing School Violence Act of 2018:
      • H.R. 4909, amended, to reauthorize the grant program for school security in the Omnibus Crime Control and Safe Streets Act of 1968, by a \2/3\ yea-and-nay vote of 407 yeas to 10 nays, Roll No. 106;
    • Protecting Access to the Courts for Taxpayers Act:
      • H.R. 3996, to amend title 28, United States Code, to permit other courts to transfer certain cases to United States Tax Court;
    • Preventing Crimes Against Veterans Act:
      • H.R. 506, amended, to amend title 18, United States Code, to provide an additional tool to prevent certain frauds against veterans; and
    • Project Safe Neighborhoods Grant Program Authorization Act:
      • H.R. 3249, amended, to authorize the Project Safe Neighborhoods Grant Program.
    • Taking Account of Institutions with Low Operation Risk Act:
      • The House passed H.R. 1116, to require the Federal financial institutions regulatory agencies to take risk profiles and business models of institutions into account when taking regulatory actions, by a yea-and-nay vote of 247 yeas to 169 nays, Roll No. 108.
    • Rejected the Connolly motion to recommit the bill to the Committee on Financial Services with instructions to report the same back to the House forthwith with an amendment, by a yea-and-nay vote of 182 yeas to 232 nays, Roll No. 107.
    • Pursuant to the Rule, the amendment printed in part C of H. Rept. 115–595 shall be considered as adopted.
    • H. Res. 773, the rule providing for consideration of the bills (H.R. 4545), (H.R. 1116), and (H.R. 4263) was agreed to by a recorded vote of 235 ayes to 182 noes, Roll No. 105, after the previous question was ordered by a yea-and-nay vote of 234 yeas to 183 nays, Roll No. 104.

 

Today

  • On Thursday, the House will meet at 10:00 a.m. for morning hour and 12:00 p.m. for legislative business. First and last votes expected: 3:45 p.m. – 4:45 p.m.
  • H.R. 4545 – Financial Institutions Examination Fairness and Reform Act (Structured Rule) (Sponsored by Rep. Scott Tipton / Financial Services Committee)
  • The Rule provides for one hour of general debate and makes in order the following amendment:
    • Rep. Maxine Waters Amendment (10 minutes of debate)
    • H.R. 4263 – Regulation A+ Improvement Act of 2017 (Closed Rule, One Hour of Debate) (Sponsored by Rep. Tom MacArthur / Financial Services Committee)

 

THE SENATE

 

Yesterday

  • Measures Passed:
    • Economic Growth, Regulatory Relief, and Consumer Protection Act:
      • By 67 yeas to 31 nays (Vote No. 54), Senate passed S. 2155, to promote economic growth, provide tailored regulatory relief, and enhance consumer protections, after taking action on the following amendments and motions proposed thereto:
        • Adopted:
          • By 67 yeas to 31 nays (Vote No. 51), McConnell (for Crapo) Modified Amendment No. 2151, in the nature of a substitute.
        • Withdrawn:
          • Crapo Amendment No. 2152 (to Amendment No. 2151), of a perfecting nature.
  • During consideration of this measure today, Senate also took the following action:
    • By 67 yeas to 31 nays (Vote No. 52), three-fifths of those Senators duly chosen and sworn, having voted in the affirmative, Senate agreed to the motion to close further debate on the bill.
    • By 67 yeas to 31 nays (Vote No. 53), three-fifths of those Senators duly chosen and sworn, having voted in the affirmative, Senate agreed to the motion to waive all applicable sections of Congressional Budget Act of 1974 and applicable budget resolutions, with respect to the bill. Subsequently, the point of order that the bill was in violation of section 4106 of H. Con. Res. 71, establishing the congressional budget for the United States Government for fiscal year 2018 and setting forth the appropriate budgetary levels for fiscal years 2019 through 2027, was not sustained, and thus the point of order fell.
  • Measures Considered:
    • Allow States And Victims To Fight Online Sex Trafficking Act–Cloture:
      • Senate began consideration of the motion to proceed to consideration of H.R. 1865, to amend the Communications Act of 1934 to clarify that section 230 of such Act does not prohibit the enforcement against providers and users of interactive computer services of Federal and State criminal and civil law relating to sexual exploitation of children or sex trafficking.
    • A motion was entered to close further debate on the motion to proceed to consideration of the bill, and, in accordance with the provisions of Rule XXII of the Standing Rules of the Senate, a vote on cloture will occur on Monday, March 19, 2018.
  • Prior to the consideration of this measure, Senate took the following action:
    • Senate agreed to the motion to proceed to Legislative Session.
    • A unanimous-consent agreement was reached providing for further consideration of the motion to proceed to consideration of the bill at approximately 10 a.m., on Thursday, March 15, 2018.
  • McAleenan Nomination–Agreement:
    • Senate resumed consideration of the nomination of Kevin K. McAleenan, of Hawaii, to be Commissioner of U.S. Customs and Border Protection, Department of Homeland Security.
  • During consideration of this nomination today, Senate also took the following action:
    • By 79 yeas to 19 nays (Vote No. 55), Senate agreed to the motion to close further debate on the nomination.
    • A unanimous-consent agreement was reached providing that notwithstanding Rule XXII, all post-cloture time on the nomination be considered expired, and Senate vote on confirmation of the nomination at 5:30 p.m., on Monday, March 19, 2018.

 

Today

  • The Senate stands adjourned until 10:00am on Thursday, March 15, 2018.
  • Following leader remarks, the Senate will resume consideration of the motion to proceed to Calendar #339, H.R.1865: SESTA/FOSTA.
  • As a reminder, during Wednesday’s session Senator McConnell moved to proceed to H.R.1865 and filed cloture on the motion. The cloture vote will occur after the confirmation vote on the McAleenan nomination on Monday, March 19.
  • As a further reminder, during Wednesday’s session cloture was invoked on Executive Calendar #598, the nomination of Kevin K. McAleenan, of Hawaii, to be Commissioner of U.S. Protection, Department of Homeland Security. The confirmation vote on the McAleenan nomination will occur at 5:30pm on Monday, March 19.
  • There will be no roll call votes during Thursday’s session.
  • Monday, March 19th at 5:30pm – 2 roll call votes
    • 1.      Confirmation of Executive Calendar #598, the nomination of Kevin K. McAleenan, of Hawaii, to be Commissioner of U.S. Protection, Department of Homeland Security
    • 2.      Motion to invoke cloture on the motion to proceed to Calendar #339, H.R.1865: SESTA/FOSTA.

 

Hearings Covered by W&J Today

 

House Appropriations
Transportation Budget

Senate Intelligence
Nakasone Nomination

Senate HELP
Perspectives on 340B Drug Discount Program

Senate Energy
Interior Budget

House Appropriations
HHS Budget

House Financial Services
Evaluating CFIUS

House Homeland Security
Preparedness, Response, and Rebuilding: Lessons from the 2017 Disasters

House Transportation and Infrastructure
Water Resources Infrastructure

House Appropriations
Agriculture Inspector General Budget

House Financial Services
Illicit Use of Stolen Data

 

Notable Legislation Introduced

 

Financial Services

H.R.5288 — 115th Congress (2017-2018)
To delay the effective date of the rule issued by the National Credit Union Administration titled “Risk-Based Capital”.
Sponsor: Rep. Posey, Bill [R-FL-8] (Introduced 03/14/2018) Cosponsors: (1)
Committees: House – Financial Services
Latest Action: House – 03/14/2018 Referred to the House Committee on Financial Services.

H.R.5287 — 115th Congress (2017-2018)
To amend the Truth in Lending Act to clarify the exclusion for seller-financers from the definition of mortgage originator, and for other purposes.
Sponsor: Rep. Pearce, Stevan [R-NM-2] (Introduced 03/14/2018) Cosponsors: (1)
Committees: House – Financial Services
Latest Action: House – 03/14/2018 Referred to the House Committee on Financial Services.

H.R.5277 — 115th Congress (2017-2018)
To require the Financial Literacy and Education Commission to establish and publish best practices for teaching financial literacy for institutions of higher education, and for other purposes.
Sponsor: Rep. Beatty, Joyce [D-OH-3] (Introduced 03/14/2018) Cosponsors: (1)
Committees: House – Financial Services, Education and the Workforce
Latest Action: House – 03/14/2018 Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, 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…

S.2544 — 115th Congress (2017-2018)
A bill to stop financial institution crime, require certain officers of companies to certify that they have conducted due diligence relating to criminal conduct or civil fraud, create accountability in deferred prosecution agreements, and for other purposes.
Sponsor: Sen. Warren, Elizabeth [D-MA] (Introduced 03/14/2018) Cosponsors: (0)
Committees: Senate – Banking, Housing, and Urban Affairs
Latest Action: Senate – 03/14/2018 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 

Health

H.R.5272 — 115th Congress (2017-2018)
To ensure that programs and activities that are funded by a grant, cooperative agreement, loan, or loan guarantee from the Department of Health and Human Services, and whose purpose is to prevent or treat a mental health or substance use disorder, are evidence-based.
Sponsor: Rep. Stivers, Steve [R-OH-15] (Introduced 03/14/2018) Cosponsors: (3)
Committees: House – Energy and Commerce
Latest Action: House – 03/14/2018 Referred to the House Committee on Energy and Commerce.

S.2554 — 115th Congress (2017-2018)
A bill to ensure that health insurance issuers and group health plans do not prohibit pharmacy providers from providing certain information to enrollees.
Sponsor: Sen. Collins, Susan M. [R-ME] (Introduced 03/14/2018) Cosponsors: (4)
Committees: Senate – Health, Education, Labor, and Pensions
Latest Action: Senate – 03/14/2018 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

S.2553 — 115th Congress (2017-2018)
A bill to amend title XVIII of the Social Security Act to prohibit health plans and pharmacy benefit managers from restricting pharmacies from informing individuals regarding the prices for certain drugs and biologicals.
Sponsor: Sen. Stabenow, Debbie [D-MI] (Introduced 03/14/2018) Cosponsors: (5)
Committees: Senate – Finance
Latest Action: Senate – 03/14/2018 Read twice and referred to the Committee on Finance.

S.2545 — 115th Congress (2017-2018)
A bill to amend the Public Health Service Act to authorize a special behavioral health program for Indians.
Sponsor: Sen. Smith, Tina [D-MN] (Introduced 03/14/2018) Cosponsors: (5)
Committees: Senate – Indian Affairs
Latest Action: Senate – 03/14/2018 Read twice and referred to the Committee on Indian Affairs.

 

Tax

H.R.5282 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to encourage retirement savings, and for other purposes.
Sponsor: Rep. Kelly, Mike [R-PA-3] (Introduced 03/14/2018) Cosponsors: (15)
Committees: House – Ways and Means, Education and the Workforce
Latest Action: House – 03/14/2018 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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…

H.R.5270 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to allow a credit against tax for coal-powered electric generation units.
Sponsor: Rep. Bucshon, Larry [R-IN-8] (Introduced 03/14/2018) Cosponsors: (5)
Committees: House – Ways and Means
Latest Action: House – 03/14/2018 Referred to the House Committee on Ways and Means.

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