House and Senate Cloakroom: June 7-11, 2010

Dan Ziegler / June 05, 2010

House Cloakroom: June 7 – 11

Analysis:

The House returns from its Congressional recess on Tuesday and will be going over to the White House for the annual Congressional picnic.  The rest of the week is pretty light with mostly suspensions bills on the House floor.  The main bill for the week is a Federal Housing Authority authorization bill.  Additionally, the House could possibly consider Rep. Barney Frank’s (D-MA) TARP III bill which would create a $30 billion lending program that would duplicate efforts made by the $700 billion original TARP bill.

Major Floor Action:

• H.R. 5072 – FHA Reform Act of 2010
• H.R. 5297 – Small Business Lending Fund Act of 2010 (aka TARP III)

Major Committee Action:

• Both the House Energy and Commerce Committee (field hearing in Louisiana) and the House Science and Technology Committee will hold hearings concerning the oil spill in the gulf.
• The House Ways and Means Subcommitte on Income Security and Family Support will hold a hearing on policy responses to long term unemployment. (more…)