|Monday, March 8, 2021|
Floor Schedule and Procedure:
Suspensions (13 bills)
This bill reauthorizes and strengthens federal investments in the prevention and treatment of child abuse and neglect. Child abuse and neglect is a pervasive public health problem that continues to affect too many children and families. H.R. 485 provides a strong, bipartisan response to this emerging crisis by enhancing federal supports for the treatment of children affected by child abuse and neglect and expanding federal investments that prevent abuse and neglect before children are harmed.
2. H.R. 1085 – To award three congressional gold medals to the United States Capitol Police and those who protected the U.S. Capitol on January 6, 2021 (Rep. Pelosi – Financial Services)
This bill awards three congressional gold medals to the United States Capitol Police, DC Metropolitan Police, and those law enforcement agencies and officers who protected the U.S. Capitol during the attack on January 6, 2021.
3. H.R. 1528 – Promoting Transparent Standards for Corporate Insiders Act (Rep. Waters – Financial Services)
This bill directs the Securities and Exchange Commission to study and report on possible revisions to regulations regarding 10b5-1 trading plans. (Such plans allow certain employees of publicly traded companies to sell their shares without violating insider trading prohibitions). The SEC must revise regulations consistent with the results of the study.
4. H.R. __ – Eliminate Barriers to Innovation Act of 2021 (Rep. McHenry – Financial Services)
This bill directs the Securities and Exchange Commission and the Commodity Futures Trading Commission to establish a working group on digital assets. The working group, comprised of representatives of the fintech industry, financial institutions, small businesses, investor protection organizations, and organizations working with historically-underserved businesses, will investigate the regulatory framework and developments relating to digital assets. Within one year of enactment of this legislation, the working group will provide a report to the relevant committees in Congress with its analysis and recommendations on best practices on digital assets, and provides the provision for a second report if the working group is extended one additional year.
5. H.R. 1395 – Housing Financial Literacy Act of 2021 (Rep. Beatty – Financial Services)
This bill would require the Secretary of Housing and Urban Development to discount upfront mortgage insurance premium payments by 25 basis points for FHA single-family first-time homebuyers who complete a financial literacy housing counseling program.
6. H.R. 1532 – Improving FHA Support for Small Dollar Mortgages Act of 2021 (Rep. Tlaib – Financial Services)
This bill would require the Federal Housing Administration (FHA) to conduct a review of its policies to identify any barriers to supporting mortgages under $70,000 (“small dollar mortgages”) and report to Congress within a year with a plan for removing such barriers.
7. H.R. 1491 – Fair Debt Collection for Servicemembers Act (Rep. Dean – Financial Services)
This bill would amend the Fair Debt Collection Practices Act (FDCPA) to explicitly prohibit a debt collector from threatening or otherwise representing to servicemembers that failure to cooperate with a debt collector will result in a reduction of rank, a revocation of security clearance, or military prosecution. The bill also requires the GAO to conduct a study assessing the impact of these protections.
8. H.R. 1565 – Senior Security Act of 2021 (Rep. Gottheimer – Financial Services)
This bill establishes a Senior Investor Taskforce (Taskforce) within the U.S. Securities and Exchange Commission. In coordination and consultation with state securities administrators, self-regulatory organizations, federal law enforcement agencies, and others, the Taskforce would be charged with identifying issues related to senior investors, i.e., investors over 65 years old. The bill requires biennial Taskforce reports and requires the Government Accountability Office to complete a study on senior financial exploitation, and to submit the report to Congress and the Taskforce within two years.
9. H.R. 1502 – Microloan Improvement Act of 2021 (Rep. Kim (NJ) – Small Business)
This bill amends the Small Business Act to modernize the SBA’s microloan program to provide greater technical and financial assistance to small businesses.
10. H.R. 1487 – Microloan Transparency and Accountability Act of 2021 (Rep. Burchett – Small Business)
This bill amends the Small Business Act to modify provisions related to the disbursement of funds through the microloan program and strengthens the program for rural small businesses.
11. H.R. 1490 – 504 Modernization and Small Manufacturer Enhancement Act of 2021 (Rep. Craig – Small Business)
This bill amends the Small Business Investment Act to increase the maximum loan amount for manufacturing loans from $5.5 million to $6.5 million, increases SBA outreach to small manufacturers, and streamlines the administrative closing process for 504 loans.
12. H.R. 1482 – 504 Credit Risk Management Improvement Act of 2021 (Rep. Bishop (NC) – Small Business)
This bill amends the Small Business Investment Act to shift loan closing file review responsibilities to the Small Business Administration’s (SBA) Office of Credit Risk Management (OCRM).
13. H.R. 1276 – VA VACCINE Act of 2021 (Rep. Takano – Veterans’ Affairs)
This bill would expand VA’s authority so they can provide vaccines to all veterans and their caregivers, including: Veterans who are not currently enrolled in VA’s healthcare system, including veterans without compensable service-connected disabilities and veterans who have incomes above VA’s threshold; Caregivers of veterans who are enrolled in various VA home-based and long-term care programs; and Veterans living abroad who rely on the Foreign Medical Program (including those who reside in the Philippines).
H.Res. __ – Rule Providing for Consideration of H.R. 842 – Protecting the Right to Organize Act of 2021 (Rep. Scott (VA) – Education and Labor), H.R. 8 – Bipartisan Background Checks Act of 2021 (Rep. Thompson (CA) – Judiciary), and H.R. 1446 – Enhanced Background Checks Act of 2021 (Rep. Clyburn – Judiciary)
QUOTE OF THE DAY:
“You have to know what sparks the light in you so that you, in your own way, can illuminate the world.”