President Obama submits the Executive Branch’s Fiscal Year 2012 budget today and Congress invests its time sizing it up. Spending also seizes the House’s attention as it debates a one-year continuing resolution.
The House convenes at noon today and again debates H.R. 514, continuing provisions of the Patriot Act, this time under regular order. On Tuesday the House begins debate on H.R. 1, the one-year spending bill. In the committees, hearings on regulatory overreach proceed, while Judiciary marks up H.R. 5, the medical liability reform bill. Leadership’s floor schedule is here.
President Obama heads to Parkville Middle and Center of Technology in Baltimore County, Md., for remarks on the budget, one assumes emphasizing “investment in education.” On Tuesday, he honors recipients of the Medal of Freedom; Wednesday he confabs with legislators. Friday, President Obama is in Hillsboro, Ore., at Intel’s world-leading manufacturing facility and to learn about the company’s educational programs. For more, go here.
Tuesday – The Senate Budget Committee holds a hearing on President Obama’s Fiscal Year 2012 budget. OMB Director Lew testifies. The Finance Committee holds a hearing on the FY12 budget, with HHS Secretary Sebelius testifying. Senate EPW, the Green Jobs and the New Economy Subcommittee, holds a hearing “Green Jobs and Trade.” There’s an entire subcommittee? Wednesday – The Energy and Natural Resources Committee considers DOE’s FY12 budget. Senate Judiciary holds a hearing on websites that steal U.S. intellectual property. The Commerce Committee contemplates building a network for first responders. The full Senate EPW holds a hearing, “National Leaders’ Call to Action on Transportation,” the leaders in this case being Tom Donohue of the Chamber and Richard Trumka of the AFL-CIO. Let’s talk Davis-Bacon, eh? The Finance Committee hears from Treasury Secretary Geithner on the FY12 budget. Thursday – Armed Services looks at DOD’s budget, with Secretary Gates testifying. The Budget Committee hears from Secretary Geithner on the budget and revenues. Judiciary marks up judicial nominees; S. 193, the Patriot Act extension; and S.49, the Railroad Antitrust Enforcement Act. Senate Banking holds an oversight hearing on Dodd-Frank a half year after its enactment, with financial regulatory officials testifying, including Gary Gensler of the CFTC. The Homeland Security Committee reviews DHS’s budget request. Senate Agriculture holds a hearing, “Agriculture: Growing America’s Economy,” with Secretary Vilsack testifying.
House Hearings: Monday — House Transportation and Infrastructure holds a field hearing in Beckley, W.V., on surface transportation programs. Tuesday – An Oversight subcommittee holds a hearing on unfounded mandates and regulatory overreach. Financial Services assesses the impact of the Dodd-Frank provisions on derivatives. A Transportation subcommittee considers how to speed up highway projects. A Homeland Security subcommittee hears from U.S. Border Patrol Chief Michael Fisher on securing our borders. The House Budget Committee holds a hearing on President Obama’s Fiscal Year 2012 budget, with testimony from OMB Director Lew. A House Ed&Workforce subcommittee measures OSHA’s impact on jobs creation. Ways & Means considers the President’s budget; Secretary Geithner testifies. An Agriculture subcommittee continues to examine OTC swaps market regulation. An Energy and Commerce subcommittee reviews the economic burdens of environmental regulations. A Judiciary subcommittee browses Internet competition, net neutrality and antitrust issues. Wednesday – The full Judiciary Committee considers the constitutionality of the individual mandate. Financial Services talks to members of the Financial Crisis Inquiry Commission. A House Science subcommittee mulls FAA R&D, with a focus on NextGen. Secretary Hilda Solis testifies about the Department of Labor before the House Ed&Workforce Committee. HHS Secretary Sebelius testifies before the House Ways & Means Committee. Armed Services hears from Defense Secretary Gates on the DOD’s budget. An Energy and Commerce subcommittee hears from the FCC commissioners on network neutrality and Internet regulation. The Regulatory Affairs Subcommittee of House Oversight reviews the stimulus, two years later. Small Business holds a hearing on the small business economy. Subcommittees from Agriculture and Transportation hold a joint hearing on the regulatory burden in light of National Cotton Council v. EPA. House Judiciary marks up H.R. 5, the health care liability reform bill. OMB Director Lew testifies on the FY12 budget before Ways & Means. Thursday – House Science looks at the Administration’s FY12 budget for R&D. House Agriculture ponders the state of the farm economy. A Transportation subcommittee talks about rail infrastructure. An Energy & Commerce subcommittee reviews the CPSC and the Consumer Product Safety Improvement Act. A separate subcommittee weighs the costs of regulations on medical devices. DHS Armed Services reviews the Air Force’s budget request.
Executive Branch: U.S. Trade Representative Ron Kirk travels to Minneapolis Thursday to kick off the National Export Initiative (NEI) 2011 Small Business Tour. (USTR’s weekly schedule.)
Economic Reports: The Commerce Department reports on January retails sales on Tuesday. Other reports include data on export and import prices, along with business inventories. On Wednesday, Commerce announces the latest Producer Price Index. Thursday sees the release of the CPI for January and the Philadelphia Fed manufacturing index. For more, see Neil Irwin’s weekly column in The Washington Post.
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