President Obama is busy campaigning this week, interspersing campaign events across the country with official meetings in Washington. This week the campaign takes him to Iowa and Virginia.
The Senate returns today after a weeklong break. The first votes are on Tuesday: first on a judicial nomination and then a procedural vote on the Small Business Jobs and Tax Relief Act (S. 2237). That measure would provide a tax credit to small businesses that increased their payroll this year and extend 100 percent bonus depreciation for another year.
The House returns today as well and votes on a number of bills. The heavy lifting begins Tuesday when consideration of the repeal of the health care law begins. When the House completes work on the repeal bill, it will turn to a measure intended to spur production of rare earth minerals, the National Strategic and Critical Minerals Production Act (H.R. 4402). See the Majority Leader’s calendar here.
Senate Hearings: TUESDAY—The Senate Finance Committee holds a hearing on “Boosting Opportunities and Growth Through Tax Reform: Helping More Young People Achieve the American Dream.” WEDNESDAY—The Judiciary Committee looks at issues relating to standard-essential patents. THURSDAY—The Energy and Natural Resources Committee considers “Remediation of Federal Legacy Wells in the National Petroleum Reserve—Alaska.”
House Hearings: TUESDAY—An Energy and Commerce subcommittee looks at alternative fuels and vehicles. A Financial Services subcommittee holds a hearing on “The Impact of Dodd-Frank on Customers, Credit and Job Creators.” An Oversight and Government Reform subcommittee examines “The Administration’s Auto Bailouts and the Delphi Pension Decisions: Who Picked the Winners and Losers?” An Energy and Commerce subcommittee conducts oversight of the Federal Communications Commission. The Ways and Means Committee holds a hearing on the Supreme Court’s ruling on the health care law. The Oversight and Government Reform Committee considers the economic impact of the health care law. THURSDAY—Two Energy and Commerce subcommittees hold a joint hearing on two draft bills: the No More Solyndras Act and the Smart Energy Act. A Judiciary subcommittee holds a hearing on “Clearing the Way for Jobs and Growth: Retrospective Review to Reduce Red Tape and Regulations.” A Science, Space and Technology subcommittee looks at how NASA-derived technologies can grow the economy. FRIDAY—The Oversight and Government Reform Committee holds a field hearing in Edmond, Oklahoma, on regulations thwarting energy development.
Economic Reports: From The New York Times: “Data will include consumer credit for May (Monday); the trade deficit for May and wholesale trade inventories for May (Wednesday); weekly jobless claims and import prices for June (Thursday); and the producer price index for June and the Thomson Reuters/University of Michigan consumer sentiment index for July (Friday).”
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