Congress votes on the results of last week’s budget showdown-not-shutdown, the House considers Rep. Paul Ryan’s Fiscal Year 2012 budget, and President Obama proposes budget restraint, if restraint it be.
The House convenes at noon today for a pro forma session, at Tuesday noon for minor suspension items, and Wednesday at 10 a.m. to debate H.R. 1217, to repeal the Prevention and Public Health Fund, and the continuing resolution to get the federal government through the end of the current fiscal year. On Thursday, debate starts on the budget resolution for FY2012. More from the majority leader.
The Senate convenes at 10 a.m. Tuesday and votes at noon on judicial nominees. Later in the week it will vote on the continuing resolution.
President Obama addresses the nation Wednesday on debt, deficits, budgets and entitlements.
SENATE HEARINGS: Tuesday – Senate Finance holds a hearing on best practices in tax administrations around the world. Senate Environment and Public Works holds a hearing, “Natural Gas Drilling: Public Health and Environmental Impacts.” A Judiciary subcommittee holds a hearing on cyber-security. EPW considers the implications of Japan’s nuclear emergency for the U.S.; EPA Administrator Lisa Jackson testifies. Banking ponders the new derivatives regulations under Dodd-Frank. Wednesday – Senate EPW holds a hearing on domestic renewable fuels from ethanol to advanced biofuels. Finance considers deficit reduction. Senate’s Special Committee on Aging looks at reform of the FDA’s medical device approval process. An Armed Services subcommittee reviews ballistic missile defense. Thursday – EPW considers surface transportation authorization. Senate Homeland Security and Governmental Affairs holds a hearing, “Federal Regulation: How Best to Advance the Public Interest?”
HOUSE HEARINGS: Tuesday – An Energy and Commerce subcommittee holds a hearing, “Using Spectrum to Advance Public Safety, Promote Broadband, Create Jobs, and Reduce the Deficit.” A Transportation subcommittee considers, “Reducing Regulatory Burdens and Ensuring Safe Transportation of Hazardous Materials.” Wednesday – A Financial Services subcommittee considers the Export-Import Bank reauthorization. A Science subcommittee marks up the Creating Jobs Through Small Business Innovation Act. House Education and Workforce hears from HHS Secretary Sebelius on the agency’s priorities. A Judiciary subcommittee holds a hearing on the H-2A visa program for temporary agricultural workers. An Agriculture subcommittee reviews the CFTC’s rulemaking process under Dodd-Frank. House Ways & Means holds a hearing, “How the Tax Code’s Burdens on Individuals and Families Demonstrate the Need for Comprehensive Tax Reform.” An Energy and Commerce subcommittee ponders the Jobs and Energy Permitting Act. Natural Resources marks up bills dealing with Gulf of Mexico energy and offshore drilling. An Energy and Commerce subcommittee holds a hearing on the status of FDA’s screening efforts at the border. Small Business holds a hearing on tax complexity. A Judiciary subcommittee considers the Business Activity Tax Simplification Act. A Science subcommittee holds an oversight hearing on “Green Jobs and Red Tape.” A House Agriculture subcommittee candles the state of poultry industry. Thursday – An Energy and Commerce subcommittee reviews the growing danger of prescription drug diversion. The full Science Committee reviews hydraulic fracturing technology and practices. An Ed&Workforce examines the Department of Labor’s implementation of the Davis-Bacon Act. A Small Business subcommittee looks into ways of curtailing the crushing effect of high gas prices on small business, with focus on the ag sector. An Oversight subcommittee holds a hearing, “Pathway To FDA Medical Device Approval: Is There A Better Way?” A Financial Services subcommittee delves into the proposed rule on risk retention. A Science subcommittee holds an oversight hearing on the National Nanotechnology Initiative. A Ways & Means subcommittee considers the Social Security Administration’s role in verifying employment eligibility. Friday — An Oversight subcommittee holds a hearing, “The Border: Are Environmental Laws And Regulations Impeding Security And Harming The Environment?”
EXECUTIVE BRANCH: Commerce Secretary Gary Locke is in New Orleans today to deliver keynote remarks at the third stop of the New Markets, New Jobs small business exports tour. On Tuesday, Locke attends the Milwaukee Economic Summit and delivers keynote remarks at the Metropolitan Milwaukee Chamber of Commerce. Interior Secretary Salazar hosts the Ministerial Forum on Offshore Drililng Containment in Washington Thursday.
ECONOMIC REPORTS: From New York Times: “Data will include the trade deficit for February and import prices for March (Tuesday); retail sales for March, business inventories for February, and the Federal Reserve beige book (Wednesday); the Producer Price Index for March and weekly jobless claims (Thursday); and the Consumer Price Index for March, industrial production and capacity utilization for March, and the Thomson Reuters/University of Michigan consumer sentiment index for April (Friday).” AP also reports that many companies report their first-quarter earnings.
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