Senate in session
House in session
Fiscal Cliff Update: Republicans released their fiscal cliff proposal framework in a letter to the White House. It can be read at http://www.speaker.gov/sites/speaker.house.gov/files/documents/letter_to....
Yesterday on the floor: Late Tuesday afternoon, the Senate unanimously passed S. 3254, the National Defense Authorization Act for FY2013 (NDAA). The annual bill authorizes more than $600 billion in spending for the next year by the Defense Department and is headed to conference with the House version passed in May. In conference legislators will reconcile differences between the two bills—which include issues like missile defense, Iran, and alternative fuels. It is important to note the bill will change number to the earlier House passed bill, H.R. 4310.
The Senate version included over 100 amendments including S. AMDT. 3218, submitted by Senator Snowe, which removes the dollar caps on federal contracts in the Women-Owned Small Business (WOSB) Contracting Program. Currently, the limits are set at $4 million for all contracts with the exception of $6.5 million for manufacturing contracts.
What’s Happening Today:
The Senate considers H.R. 6156, a House-passed measure that lifts Cold-War era trade sanctions with Russia. If passed and signed into law, Russia would be considered a “most-favored-nation” with regards to trade, a significant change in the technical trade status between the two countries.
No bills related to small business.
The Joint Economic Committee holds a hearing tomorrow on the fiscal cliff. Mark Zandi, chief economist for Moody’s Analytics, and Kevin Hassett, senior fellow and director of economic policy at the American Enterprise Institute, are scheduled to testify. Joint Committees included Members from both the House and Senate. Martin to attend: 9:30 A.M. Hart Office Building, Room 216.
No hearings/markups relevant to small business (with the exception of the above Joint Committee).
Bills to Watch:
- S. 3442: SUCCESS Act of 2012 Sponsor: Sen. Mary Landrieu (D-LA) Cosponsors: Sen. Richard Blumenthal (D-CT), Sen. Ben Cardin (D-MD), Sen. Jeff Merkley (D-OR), Sen. Sheldon Whitehouse (D-RI), Sen. Barbara Boxer (D-CA), Sen. Kirsten Gillibrand (D-NY), Sen. Jeanne Shaheen (D-NH), Sen. Joe Lieberman (I-CT)
- H.R. 4310: National Defense Authorization Act for FY 2013 Sponsor: Rep. Howard “Buck” McKeon (R-CA) Cosponsors: Rep. Adam Smith (D-WA).
- S. 2231: Small Business Lending Enhancement Act of 2012 Sponsor: Sen. Mark Udall (D-CO)Cosponsors: There are 21 cosponsors on the bill reflecting bipartisan support as well as both independents, Sen. Joe Lieberman (I-CT) and Sen. Bernie Sanders (I-VT).