|House Meets At:||First Vote Predicted:||Last Vote Predicted:|
10:00 a.m.: Morning Hour
|2:30 - 3:00 p.m.||3:00 – 3:30 p.m.|
Complete Consideration of H.R. 5016 – Financial Services and General Government Appropriations Act, 2015 (Rep. Crenshaw – Appropriations). H.R. 5016 appropriates $21.3 billion in FY 2015 discretionary budget authority for the Treasury Department (including the IRS); the federal judiciary; and executive agencies such as the Office of Personnel Management (OPM), General Services Administration (GSA), Small Business Administration (SBA), Securities and Exchange Commission (SEC) and Federal Communications Commission (FCC) – a decrease of approximately $566 million (3%) from FY 2014, and $2.3 billion below the President’s request.
The measure contains deep cuts to a number of critical programs – including a cut to the IRS of over $340 million below current funding levels – which would force the IRS to operate with as many as 9,500 fewer employees. The IRS estimates this would lead to as much as $2 billion in uncollected tax revenue. The bill also funds the SEC at $300 million below the President’s request – specifically aimed at hindering the enforcement and further implementation of the Dodd-Frank Wall Street Reform Act. The bill would also eliminate all funding for the Election Assistance Commission (EAC).
In addition to severe cuts, the measure contains a number of controversial policy riders, including provisions preventing the implementation of the Affordable Care Act’s individual responsibility and reproductive services coverage. The measure would require the Consumer Financial Protection Bureau to become subject to the annual appropriations process. It would also amend the Dodd-Frank Wall Street Reform Act’s “push-out provision,” expanding the permissible types of swap activities that can be conducted directly by insured financial institutions without losing their access to federal assistance.
Republicans are developing this year's spending bills based on the $1.014 trillion discretionary spending cap and the 302(a) discretionary allocations agreed to in the Bipartisan Budget Agreement. By setting the Appropriations Committee's allocation in-line with the Bipartisan Budget Agreement, House Republicans were able to begin the appropriations process early. However, House Republicans have chosen to focus on inserting controversial policy riders into several appropriations bills, slowing down the process and jeopardizing enactment of all twelve appropriations bills before the start of the 2015 fiscal year.
The Rule, which was adopted last week, provides for no further general debate and makes in order any amendment offered that complies with the House Rules. Additionally, the Rule provides for 10 minutes of debate per amendment equally divided between the proponent and an opponent and up to 10 pro forma amendments for the purpose of debate offered by the Chair and Ranking Member or their designee. Members are urged to VOTE NO.
The House will complete consideration of amendments at the end of the bill today.
The following amendments had recorded votes pending as of last night:
- Meehan Amendment
- Fleming Amendment
- Gosar Amendment
- Grayson Amendment
- Heck Amendment
- DeSantis Amendment #1
- DeSantis Amendment #2
- Blackburn Amendment #1
- Blackburn Amendment #2
- Blackburn Amendment #3
- Blackburn Amendment #4
Bill Text for H.R. 5016:
Democrat Motion to Instruct Conferees on H.R. 3230 – Veterans’ Access to Care through Choices, Accountability, and Transparency Act of 2014 (Rep. Gallego)
The GOP Leadership has announced the following schedule for Thursday, July 17: The House will meet at 9:00 a.m. for legislative business. The House is expected to consider H.R. 4719 – Fighting Hunger Incentive Act of 2014 (Rep. Reed – Ways and Means) (Subject to a Rule).
|The Daily Quote|
“The Export-Import Bank must continue. The Ex-Im Bank helps to create new jobs, expand U.S. exports, and increase tax revenue paid by U.S. firms into the United States Treasury. It even makes a profit for the U.S. Treasury each year… The Ex-Im Bank should not only be maintained but it should be strengthened. It is easy to speak of job creation, strengthening our American economy, maintaining manufacturing jobs in the United States, and the boosting of tax revenue paid by American firms and the expanding number of persons they employ without having proven and readily available answers. The Ex-Im Bank produces remarkable ongoing answers for ‘all of the above’ and is vital to the strength of our country.”
- Former Senator Richard Lugar (R-IN), The Hill, 7/16/2014