The Week Ahead: The Week of June 9

By June 9, 2008General

President Bush is abroad and Congress is considering money, energy, economy, oligarchy and other things that end in “y.” NAM President John Engler travels to Montreal this week for a meeting of the International Forum of the Americas, Conference of Montreal.

The House convenes at 12:30 p.m. today, at some point will celebrate the Treaty of Paris’ 225th anniversary, and has some major pieces of legislation up this week: H.R. 6003, the Amtrak budget; H.R. 6063 , NASA authorization; H.R. 2642, Iraq/Afghanistan Supplemental Appropriations; and possibly H.R. 5749, Emergency Extended Unemployment Compensation Act of 2008. The Majority Leader’s office has the full floor schedule here.

The Senate convenes at 3:15 p.m. to take up the motion to proceed to consideration of S. 3044, the mischievously titled Consumer-First Energy Act. (It increases taxes on oil companies and sues OPEC.) A cloture vote on the bill is scheduled Tuesday. Later, the Senate will vote on the motion to invoke cloture on the motion to proceed to consideration of H.R. 6049, Energy and Tax Extenders Act. For the floor and hearings schedule, go to the last Daily Digest.

House Hearings: House Education and Labor on Tuesday considers H.R. 2343, the Education Begins at Home Act. Also Tuesday, an Energy and Commerce subcommittee ponders the safety of phthalates and Bisphenol-A in consumer products. A separate subcommittee on Thursday hears the following bills: H.R. 5533, Chemical Facilities Act of 2008; and H.R. 5577, the Chemical Facility Anti-Terrorism Act of 2008. The full Financial Services Committee holds a hearing Wednesday on H.R. 6078, the GREEN Act, which promotes financial incentives for energy conservation by business and homeowners. On Tuesday, a Judiciary subcommittee considers H.R. 6126, which vitiates arbitration agreements for nursing homes; another subcommittee Tuesday reviews employer verification programs. On Thursday, a Judiciary subcommittee holds a hearing on green cards for highly skilled workers. A Natural Resources subcommittee Tuesday holds an oversight hearing on coal waste. On Thursday, another subcommittee reviews enhanced oil recovery through CO2 injection. Also Thursday, a separate subcommittee hearing on hydropower. A House Science subcommittee studies hybrid technologies for commercial trucks on Tuesday. House Transportation and Infrastructure considers infrastructure financing on Tuesday. Energy Independence and Global Warming holds a hearing on the future of oil Wednesday.

Senate Hearings: Senate Banking (and urban affairs) holds a hearing Thursday on the nation’s infrastructure, hearing from mayors. A Commerce subcommittee on Tuesday reviews the efficient movement of freight on the rails; on Thursday the same subcommittee reviews supply chain and cargo inspections. On Wednesday the full committee examines the effect of spyware on business and consumers.  Senate Energy and Natural Resources on Thursday reviews the connection between food prices and energy policy. Senate Finance has two committee hearings on note: On Tuesday, it’s, “47 Million & Counting: Why the Health Care Marketplace is Broken”; on Thursday, it’s oversight of foreign trade preferences. Foreign Relations on Thursday ponders oil, oligarchs and opportunity. Senate Judiciary on Wednesday considers the U.S. Supreme Court’s rulings on consumer laws and pre-emption issues. (Details.)

Executive Branch: President Bush leaves this morning for a 10-day European trip, heading first to Slovenia for the annual US-Europe summit, then to Germany, Italy, the Vatican, France, and Britain. (POTUS comments upon departure.) Treasury Secretary Paulson on Tuesday speaks on U.S.-China economic relations. Secretary Paulson and Energy Secretary Bodman travel to Japan at the end of the week to attend the G8 Hokkaido-Toyko conference.

Economic Reports: The Consumer Price Index report for May is due Friday. More on the business week ahead by Reuters.


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