Dispatch from the Front: The Week of June 18

President Obama is in Mexico for the G-20 Summit today and tomorrow. He will be in Florida on Friday for an address to the National Association of Latino Elected and Appointed Officials.

The Senate gavels in this afternoon and continues to search for a way forward on the farm bill
(S. 3240).

The House returns from its weeklong recess this afternoon. On the agenda for the week is the Strategic Energy Production Act (H.R. 4480), which pushes a number of energy reforms, including a requirement that the Administration open more federal lands to energy development if it taps the Strategic Petroleum Reserve. Click here for more on the bill. The House may also try to take next steps toward a long-term reauthorization of the highway bill (H.R. 4348). See the Majority Leader’s calendar for the week here.

Senate Hearings: TUESDAY—The Energy and Natural Resources Committee holds a hearing on “Induced Seismicity Potential in Energy Technologies.” The Finance Committee considers the “looming fiscal crisis.”  The Environment and Public Works Committee examines air standards for natural gas wells. WEDNESDAY—A Banking subcommittee looks at the initial public offering (IPO) process. The Judiciary Committee examines the implementation of the patent reform law. A Commerce subcommittee holds a hearing on “Risks, Opportunities, and Oversight of Commercial Space.” THURSDAY—The Finance Committee holds a hearing on Russia’s accession to the World Trade Organization.

House Hearings: MONDAY—The Oversight and Government Reform Committee visits Middle Tennessee State University for a hearing on “Tennessee Job Creation: Do Federal Government Regulations Help or Hinder Tennessee’s Economic Development?” TUESDAY—The Financial Services Committee gets its turn to question JPMorgan’s Jamie Dimon. The Natural Resources Committee examines taxpayer-funded litigation related to the Endangered Species Act. A Science, Space and Technology subcommittee considers “Best Practices in Transforming Research into Innovation.” An Energy and Commerce subcommittee looks at greenhouse gas regulations. A Judiciary subcommittee holds a hearing on “New Technologies and Innovations in the Mobile and Online Space, and the Implications for Public Policy.” A Ways and Means subcommittee looks at Medicare payment policies. WEDNESDAY—A Financial Services subcommittee holds a hearing on “Market Structure: Ensuring Orderly, Efficient, Innovative and Competitive Markets for Issuers and Investors.” The Way and Means Committee considers whether to grant permanent normal trade relations to Russia. An Education and Workforce subcommittee holds a hearing on multiemployer pension plans. THURSDAY—A Small Business subcommittee looks at the Small Business Administration’s loan programs. An Energy and Commerce subcommittee holds a hearing on the “Electronic Submission of Hazardous Waste Manifests.”

Executive Branch: Secretary of State Hillary Clinton and Secretary of the Treasury Tim Geithner are joining the President at the G-20 Summit.

Economic Reports: From The New York Times: “Data to be reported this week will include housing starts for May (Tuesday); and weekly jobless claims, existing home sales for May, leading economic indicators for May and the Philadelphia Fed Index for June (Thursday).” Click here for more information from The Washington Post.

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