Congress is out, the President’s in Maine, and the Washington weather is perfect. So we’ll keep this report short, especially since business is quiet as people build their weeks around the Independence Day holiday.
Congress is heavily engaged in the district work period formerly known as the Fourth of July recess. The Senate reconvenes at 2 p.m. Monday, July 9th, taking up H.R.1585, the FY08 Defense Authorization bill. The House comes back at 2 p.m. Tuesday, July 10th.
As it so happens, the NAM has several suggested topics you can pursue with your member of Congress during the recess. Important topics, such as unreasonable CAFE standards in H.R. 6, the Senate purports-to-be-an-energy bill, that could cripple the U.S. automotive industry. It’s important to fight this job-killing legislation, so please click here for more information and to contact Congress.
And if you run into your Representative or Senator at a holiday event, please do mention the critical need to reauthorize Trade Promotion Authority, which expired with the end of June. As NAM President John Engler says in this statement, “Failing to renew TPA amounts to locking the door and throwing away the key to any future trade agreements.” For more information, click here.
Speaking of the boss, NAM President John Engler has a column in today’s Washington Post business section, “Washington’s Biggest Decision,” on Stoneridge Investment Partners v. Scientific Atlanta, which threatens a whole new level of business-strangling litigation in securities fraud cases. (NAM’s Legal Beagle resources on the case are here.)
Good news! On Saturday, President Bush signed H.R. 1830, the Andean Trade Preference Act extension. And in Kennebunkport, President Bush wraps up his meeting today with Russia’s president, Vladimir Putin. AP story here.
U.S. Trade Representative Susan Schwab is in Cairns, Australia, for the APEC meeting. Doha’s difficulties will be discussed.
It’s still a week away, but anticipation flies on wings. On Sunday, July 8th, Boeing will officially unveil its 787 jet, the Dreamliner. Very cool.
We’ll leave you with something less airy to look forward to: August in D.C. Senate Majority Leader Reid foreshadowed the humid labors in floor remarks Friday. (.pdf file here):
But everyone should understand that prior to the August recess, we are going to complete ethics and lobbying reform. We are going to do it if we have to spend nights, weekends, take days out of our August recess. Everyone has had fair warning.
And Happy Fourth of July!