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Today In Washington
May 23, 2018
Source: Jennifer White – Director, Government Relations

Today, the House continues consideration of the FY19 Defense Authorization Act.

House Pases Banking Legislation – Yesterday, the House passed the Senate-passed banking bill, the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), which would narrow the scope of Dodd-Frank regulations to give small and mid-size banks regulatory relief, by a margin of 258-159. The measure would also raise the asset threshold for banks to be designated as systemically important financial institutions from $50 billion to $250 billion. The bill now heads to the President’s desk, where he is expected to sign it.

Senate Appropriations Schedule Announced – The Senate Appropriations Committee has announced its schedule to mark up all 12 FY19 bills over five weeks.

Week Bills to be Considered
May 21-25 Energy and Water
Agriculture-FDA
June 4-8 Transportation-HUD
Military Construction-Veterans Affairs
June 11-15 Interior-Environment
Commerce-Justice-Science
Legislative Branch
June 18-22 State and Foreign Operations
Homeland Security
Financial Services and General Government
June 25-29 Defense
Labor-HHS-Education

Federal Reserve Bank of New York Releases 2017 Small Business Credit Survey Report – Using data from the 2017 Small Business Credit Report Survey, the Report provides an in-depth look at performance, debt holdings, and credit experiences of over 8,000 small businesses. Read more here.

Hearings:
• Now: Senate Armed Services Committee, Closed Markup of the FY19 National Defense Authorization Act.
• Now @ 10 AM: House Education and Workforce Committee, Subcommittee on Workforce Protections, Regulatory Reform: Unleashing Economic Opportunity for Workers and Employers, 2175 Rayburn House Office Building.
• Now @ 10 AM: House Ways and Means Committee, Subcommittee on Tax Policy, Tax Reform and Small Businesses: Growing Our Economy and Creating Jobs, 1100 Longworth House Office Building.
• Thursday, May 24 @ 10 AM: House Committee on Appropriations, Subcommittee on Financial Services and General Government,FY19 Markup of Financial Services and General Government Appropriations Bill, HT-2 The Capitol.