Prism Group's Daily Summary
TRUMP CABINET TAKES SHAPE... Donald Trump yesterday said he would nominate Kelly Loeffler to be the next Administrator of the Small Business Administration. She served as Georgia Senator for two years after being appointed to the seat vacated by Sen. Johnny Isakson, but lost in a special election. Prior to that she was the chief executive of Bakkt, a cryptocurrency trading platform.
U.S. REPRESENTATIVE MCHENRY AND REPRESENTATIVE WATERS INTRODUCE MEASURES ON AI IN FINANCE... U.S. Representatives Patrick McHenry (R-NC) and Maxine Waters (D-CA) have introduced two bipartisan measures addressing the use of artificial intelligence (AI) in financial services and housing. McHenry, chair of the House Financial Services Committee, presented a resolution, co-sponsored by Waters, recognizing the increasing role of AI in these industries. Meanwhile, Waters, the committee's ranking member, introduced a bill, co-sponsored by McHenry, calling for federal financial regulators to assess both the benefits and risks of AI within the financial and housing sectors.
THE STATE OF THE STATES
SESSIONS BY THE NUMBERS:
Six states are in regular session.
WHAT WE'RE WATCHING:
House and Senate Democrats in the Michigan Legislature have revived a plan to curb price gouging on essential goods and services during emergencies. The proposal would cap price increases on emergency supplies, lodging and energy products at 10% if an emergency declaration is issued. Critics argue setting arbitrary price controls during crises would “create more problems than it solves.”
Georgia’s Senate Committee on Affordable Childcare held its final hearing this week on proposals to help families cover the cost of child care. The committee is expected to release findings later this month, with lawmakers considering a $1.5 billion investment in a child care trust fund.
LAWMAKERS... IN OR OUT?
The House... convenes today at 10:00 AM ET. The full schedule may be found here.
The Senate... convenes today at 10:00 AM ET. The full schedule may be found here.
HAPPENING ON THE HILL
The House...
Check back next week for possible updates.
The Senate...
Committee on Health, Education, Labor and Pensions will hold a hearing TODAY, 12/05 at 10:00 AM entitled “What Is the FDA Doing to Reduce the Diabetes and Obesity Epidemics in America and Take on the Greed of the Food and Beverage Industry?”
Committee on Finance will hold a hearing TODAY, 12/05 at 10:00 AM entitled “Open Executive Session to Consider Favorably Reporting the Hearing the Nomination of David Samuel Johnson, of Virginia, to be Inspector General for Tax Administration, Department of the Treasury."
Committee on Judiciary will hold a hearing TODAY, 12/05 at 10:00 AM entitled “Executive Business Meeting."
BILLS OF INTEREST
Check back next week for possible updates.
AT THE AGENCIES
The U.S. Department of Labor
Check back next week for possible updates.
The U.S. Department of the Treasury
The U.S. Department of the Treasury and the IRS released final rules for the Section 48 Energy Credit – also known as the Investment Tax Credit (ITC) – that will give clean energy project developers clarity and certainty to undertake major investments to produce more clean power and further strengthen America’s clean energy economy.
The U.S. Department of Commerce
Check back next week for possible updates.
The U.S. Trade Representative
Check back next week for possible updates.
The U.S. Small Business Administration
Check back next week for possible updates.
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