President Obama has a busy week on the campaign trail, with stops in New York, Ohio, Florida and Virginia. He begins the week, however, on official business; he meets with new ambassadors to the United States in the Ambassador Credentialing Ceremony.
The Senate convenes this afternoon and takes up a judicial nomination. Following that, it will likely begin consideration of cybersecurity legislation (S. 3414).
The House returns Tuesday and will devote much of its attention to tax issues. The Job Protection and Recession Prevention Act (H.R. 8) would extend current tax rates. Another bill, the Pathway to Job Creation through a Simpler, Fairer Tax Code Act (H.R. 6169), would set the stage for tax reform next year. The House is also considering a number of bills on the suspension calendar this week. You can see the Majority Leader’s full schedule here.
Senate Hearings: TUESDAY—The Banking Committee conducts oversight of the Consumer Financial Protection Bureau. A Foreign Relations subcommittee holds a hearing on “Doing Business in Latin America: Positive Trends but Serious Challenges.” WEDNESDAY—The Agriculture Committee holds a hearing on futures markets. The Environment and Public Works Committee receives an “Update on the Latest Climate Change Science and Local Adaptation Measures.” The Finance Committee holds a hearing on tax reform as it pertains to businesses. The Commerce Committee considers online retailers’ exemption from state sales taxes. A Foreign Relations subcommittee considers “The Future of the Eurozone: Outlook and Lessons.”
House Hearings: TUESDAY—An Oversight and Government Reform subcommittee holds a field hearing on “The Green Agenda and the War on Coal: Perspectives from the Ohio Valley.” WEDNESDAY—The Armed Services Committee hears from Administration representatives about the impact of defense sequestration. A Science, Space and Technology subcommittee holds a hearing on “The Relationship Between Business and Research Universities: Collaborations Fueling American Innovation and Job Creation.” A Financial Services subcommittee marks up several bills, including the Fostering Innovation Act (H.R. 6161). The Small Business Committee examines the impact of the Consumer Financial Protection Bureau on small businesses. A Science, Space and Technology subcommittee holds a hearing on “The Emerging Commercial Suborbital Reusable Launch Vehicle Market.” A Judiciary subcommittee holds a hearing on the Promoting Automotive Repair, Trade, and Sales (PARTS) Act (H.R. 3889). THURSDAY—An Energy and Commerce subcommittee looks at the “Growing Differences for Energy Development on Federal vs. Non-Federal Lands.” The Oversight and Government Reform Committee holds a hearing on the Internal Revenue Service’s enforcement of rules and taxes in the President’s health care law. An Energy and Commerce subcommittee conducts oversight of the Consumer Product Safety Commission.
Executive Branch: Secretary of State Hillary Clinton speaks about religious freedom around the world at the Carnegie Endowment for International Peace today. Treasury Secretary Tim Geithner is in Germany. Secretary of Defense Leon Panetta is traveling in North Africa and the Middle East. Later this week, Under Secretary for International Trade Francisco Sánchez will be in St. Petersburg, Russia, for a meeting of the Asia-Pacific Economic Cooperation Small and Medium Enterprises working group.
Economic Reports: From The New York Times: “The data will include personal income and spending for June, the Standard & Poor’s/Case-Shiller home price index for May and consumer confidence for July (Tuesday); A.D.P. employment for July, the I.S.M. manufacturing index for July and construction spending for June (Wednesday); weekly jobless claims and factory orders for June (Thursday); and unemployment for July and the I.S.M. service index for July (Friday).”
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