President Obama hits the campaign trail again this week, with stops in Ohio and Texas the first part of the week. He returns Wednesday for official meetings at the White House before traveling to Florida for more campaign events. He returns to Washington on Friday.
The Senate convenes on Monday and will hold a procedural vote on the DISCLOSE Act (S. 3369). The legislation restricts corporations, associations and businesses on legitimate advocacy activities and will take away their First Amendment rights to speak out about public policies that impact economic growth and U.S. job creation.
The House returns Tuesday and takes up a number of bills. The second half of the week, the House will take up the Sequestration Transparency Act of 2012 (H.R. 5872). The legislation would require the President to provide a detailed report to Congress within 30 days of enactment regarding plans for across-the-board cuts for fiscal year 2013 under the Budget Control Act. The House will also look at the Department of Defense Appropriations Act for 2013 (H.R. 5856). See the Majority Leader’s calendar here.
Senate Hearings: TUESDAY—The Senate Banking Committee receives the Semiannual Monetary Policy Report from Federal Reserve Chairman Ben Bernanke. The Senate Energy and Natural Resources Committee holds a hearing on “Cyber Security and the Grid.” The Agriculture Committee examines the Dodd-Frank financial services law. An Appropriations subcommittee holds a hearing on furniture flammability standards. WEDNESDAY—The Homeland Security and Governmental Affairs Committee considers “Improving the Transparency of Federal Spending.” A Commerce subcommittee holds a hearing on “The Global Competitiveness of the U.S. Aviation Industry.” THURSDAY—The Health, Education, Labor and Pensions Committee looks at college costs.
House Hearings: MONDAY—An Energy and Commerce subcommittee holds a hearing on the Environmental Protection Agency’s regulations on greenhouse gas emissions from utilities. TUESDAY—An Energy and Commerce subcommittee looks at alternative fuels and vehicles. WEDNESDAY—The Armed Services Committee holds a hearing on defense sequestration. NAM Board Member Della Williams of Williams-Pyro is testifying. The Committee will also hear from member company Lockheed Martin, as well as Pratt & Whitney, a subsidiary of member company United Technologies Company. The Natural Resources Committee marks up an offshore energy development bill (H.R. 6082). An Education and Workforce subcommittee examines college costs. The Judiciary Committee holds a hearing on “The International Trade Commission and Patent Disputes.” The Financial Services Committee hears from Federal Reserve Chairman Ben Bernanke about the state of the economy. The Small Business Committee holds a hearing on “Digital Divide: Expanding Broadband Access to Small Businesses.” THURSDAY—The Ways and Means Committee holds a hearing on the impact of tax reform on manufacturers. A Homeland Security subcommittee examines the use of domestic drones. The Oversight and Government Reform Committee looks at the effect of regulation on job creation. The Natural Resources Committee holds a hearing on the stream buffer rule. A Financial Services subcommittee looks at “Dodd-Frank’s Impact on Families, Communities and Small Businesses.
Executive Branch: Secretary of State Hillary Clinton is in Israel today as she wraps up her two-week trip overseas that took her through Europe, Asia and the Middle East.
Economic Reports: From The New York Times: “Data will include retail sales for June and business inventories for May (Monday); the Consumer Price Index for June (Tuesday); housing starts for June and the Federal Reserve report on current economic conditions, known as the beige book (Wednesday); and weekly jobless claims, existing home sales for June and leading economic indicators for June (Thursday).”