This Week’s Update

The Senate confirmed several nominations and passed a Congressional Review Act resolution of disapproval to stop the Consumer Financial Protection Bureau from enforcing its small business data collection rule that would require lenders to collect and report demographic data on small business loan applicants, including whether they are owned by women, people of color, or LGBTQ (S.J. Res. 32). 

This Week in Congress

  • Senate – The Senate confirmed several nominations and passed a Congressional Review Act resolution of disapproval to stop the Consumer Financial Protection Bureau from enforcing its small business data collection rule that would require lenders to collect and report demographic data on small business loan applicants, including whether they are owned by women, people of color, or LGBTQ (S.J. Res. 32). 
  • House – The House held three votes to elect a Speaker. However, neither Representative Jim Jordan (R-OH) nor Representative Hakeem Jeffries (D-NY) secured enough votes to win the Speakership. After the third vote, House Republicans voted to remove Jordan as their party’s speaker designate.  
  • Biden Administration – President Biden requested a $105 billion supplemental funding package from Congress that includes $61.4 billion in aid for Ukraine, $14.3 billion in aid for Israel, $13.6 billion to address security at the US-Mexico border, $9.15 billion in humanitarian aid, and $7.4 billion for Taiwan and the Indo-Pacific region. 

Next Week in Congress

  • Senate – The Senate will reconvene on Monday, October 23, and will resume consideration of nominees. 
  • House – House Republicans will hold a candidate forum on Monday, October 23, and an internal party election the following day. 

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