Today’s Daily Update

TAKEAWAY: The House will consider H.R. 3624 – Outsourcing Accountability Act of 2019.

THE HOUSE

Yesterday

SUMMARY OF LEGISLATIVE BUSINESS

Huizenga (R-MI) – Amendment No. 1 – Exempts Form CRS, a recently developed disclosure document that went through SEC investor testing, from the bill’s investor testing requirements – REJECTED 188 – 229, ROLL CALL 561

Gottheimer (D-NJ) – Amendment No. 2 – Requires the SEC to include a specific consideration of the unique challenges senior investors face as part of their overall investor testing – ADOPTED 240 – 178, ROLL CALL 562

Wagner (R-MO) – Amendment No. 3 – Applies the bill’s investor testing requirements only to applicable disclosure documents developed after January 21, 2021 – that is, following the next presidential election cycle – REJECTED 188 – 230, ROLL CALL 563

Maloney, Sean (D-NY) – Amendment No. 4 – Clarifies that the term “retail investor” does not mean an institutional investor – ADOPTED BY VOICE

Passage of H.R. 1815 – SEC Disclosure Effectiveness Testing Act – PASSED 229 – 186, ROLL CALL 564

Today

One Minutes (5 per side)

H.R. 3624 – Outsourcing Accountability Act of 2019 (Rep. Axne – Financial Services)

The Rule, which was adopted yesterday, provides for one hour of debate and makes in order the following amendments:

      Huizenga Amendment

      Hill (AR) Amendment

THE SENATE

Yesterday

Roll Call Votes

1.       Passage of S.J.Res.53, providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to “Repeal of the Clean Power Plan; Emission Guidelines for Greenhouse Gas Emissions From Existing Electric Utility Generating Units; Revisions to Emission Guidelines Implementing Regulations”; not agreed to: 41-53.

2.       Passage of S.J.Res.54, terminating the border wall national emergency declared by the President on February 15, 2019, notwithstanding the objections of the President to the contrary [veto override]; not agreed to: 53-36.

Legislative Business

Adopted S.Res.364: congratulating the Washington Mystics on winning the 2019 Women’s National Basketball Association championship.

Adopted S.Res.365: designating October 16, 2019, and October 16, 2020, as “World Food Day”.

Passed Calendar #163, S.2258: Criminal Antitrust Anti-Retaliation Act of 2019.

Passed Calendar #214, H.R.1396: Hidden Figures Congressional Gold Medal Act.

Passed S.2635: Saudi Fugitive Declassification Act of 2019.

Completed the Rule 14 process to place the following on the Legislative Calendar of Business:

1.       S.J.Res.58: expressing support for freedom of conscience. (Sasse)

2.       H.J.Res.77: opposing the decision to end certain United States efforts to prevent Turkish military operations against Syrian Kurdish forces in Northeast Syria.

Began the Rule 14 process to place S.2644 (Turkey sanctions) on the Legislative Calendar of Business.                                                 

No additional Executive Business

Today

The Senate is not in Session.

HEARINGS COVERED

House Judiciary

Online Platforms and Market Power, Part 3: The Role of Data and Privacy in Competition

House Financial Services

AI and the Evolution of Cloud Computing: Evaluating How Financial Data is Stored, Protected, and Maintained by Cloud Providers

Kaiser Family Foundation

Medicaid Spending, Enrollment and Policy Trends: A View from the States

LEGISLATION INTRODUCED

Energy

S.2642 — 116th Congress (2019-2020)

A bill to prohibit the construction of natural gas compressor stations as part of a project that would lead to or facilitate natural gas exports.

Sponsor: Sen. Markey, Edward J. [D-MA] (Introduced 10/17/2019) Cosponsors: (1)

Committees: Senate – Energy and Natural Resources

Latest Action: Senate – 10/17/2019 Read twice and referred to the Committee on Energy and Natural Resources.

Financial Services

S.2631 — 116th Congress (2019-2020)

A bill to amend the Fair Credit Reporting Act to accurately report identity theft transactions in the credit histories of criminal defendants.

Sponsor: Sen. Scott, Rick [R-FL] (Introduced 10/17/2019) Cosponsors: (5)

Committees: Senate – Banking, Housing, and Urban Affairs

Latest Action: Senate – 10/17/2019 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Health

H.R.4716 — 116th Congress (2019-2020)

To amend the Internal Revenue Code of 1986 to provide a safe harbor for high deductible health plans without a deductible for certain inhalers.

Sponsor: Rep. Cox, TJ [D-CA-21] (Introduced 10/17/2019) Cosponsors: (1)

Committees: House – Ways and Means

Latest Action: House – 10/17/2019 Referred to the House Committee on Ways and Means.

H.R.4712 — 116th Congress (2019-2020)

To amend the Federal Food, Drug, and Cosmetic Act with respect to limitations on exclusive approval or licensure of orphan drugs, and for other purposes.

Sponsor: Rep. Dean, Madeleine [D-PA-4] (Introduced 10/17/2019) Cosponsors: (3)

Committees: House – Energy and Commerce

Latest Action: House – 10/17/2019 Referred to the House Committee on Energy and Commerce.

H.R.4711 — 116th Congress (2019-2020)

To amend the Internal Revenue Code of 1986 to deny any deduction for advertising prescription drugs.

Sponsor: Rep. Lipinski, Daniel [D-IL-3] (Introduced 10/17/2019) Cosponsors: (0)

Committees: House – Ways and Means

Latest Action: House – 10/17/2019 Referred to the House Committee on Ways and Means.

S.2633 — 116th Congress (2019-2020)

A bill to amend title XVIII of the Social Security Act to provide coverage for wigs as durable medical equipment under the Medicare program, and for other purposes.

Sponsor: Sen. Blumenthal, Richard [D-CT] (Introduced 10/17/2019) Cosponsors: (0)

Committees: Senate – Finance

Latest Action: Senate – 10/17/2019 Read twice and referred to the Committee on Finance.

S.2626 — 116th Congress (2019-2020)

A bill to remove limitations on inmate eligibility for Medicare, the Children’s Health Insurance Program, and veteran’s health benefits.

Sponsor: Sen. Merkley, Jeff [D-OR] (Introduced 10/17/2019) Cosponsors: (0)

Committees: Senate – Finance

Latest Action: Senate – 10/17/2019 Read twice and referred to the Committee on Finance.

Tax

S.2637 — 116th Congress (2019-2020)

A bill to amend the Federal Trade Commission Act to establish requirements and responsibilities for entities that use, store, or share personal information, to protect personal information, and for other purposes.

Sponsor: Sen. Wyden, Ron [D-OR] (Introduced 10/17/2019) Cosponsors: (0)

Committees: Senate – Finance

Latest Action: Senate – 10/17/2019 Read twice and referred to the Committee on Finance.

S.2620 — 116th Congress (2019-2020)

A bill to bolster the domestic workforce by encouraging communication between career and technical education institutions and emphasizing potential employment opportunities, to amend the Internal Revenue Code of 1986 to treat certain costs relating to career and technical education as qualified higher education expenses for purposes of section 529 programs, and for other purposes.

Sponsor: Sen. Inhofe, James M. [R-OK] (Introduced 10/17/2019) Cosponsors: (1)

Committees: Senate – Finance

Latest Action: Senate – 10/17/2019 Read twice and referred to the Committee on Finance.

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