The Weekly Hill Update

United States Capitol

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • Congress and the White House are relieved to be moving beyond the monthslong debt limit drama, after late last week approving budget legislation negotiated between President Joe Biden and Speaker Kevin McCarthy.
  • Biden this week will welcome heads of state from Denmark and the United Kingdom.
  • BakerHostetler’s Legislative Seminar, the Federal Policy team’s signature annual event featuring leading policymakers from both parties and both chambers of Congress, is this Wednesday. Join us!

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The Weekly Hill Update

United States Capitol

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • Congress is racing to pass legislation to raise the debt limit and prevent a default, after House Republicans and the White House clinched an agreement Saturday night following intense negotiations.
  • The congressional hearing schedule is relatively light, as the House was originally scheduled to be in recess this week.
  • BakerHostetler’s Legislative Seminar is one week from tomorrow, featuring leading policymakers from both parties and both chambers of Congress. Join us!

Continue Reading

The Weekly Hill Update

United States Capitol

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • President Joe Biden plans to meet again tomorrow with congressional leaders to continue negotiations to raise the debt limit and prevent a potentially catastrophic default.
  • Committees on both sides of the Capitol will dig into the collapses earlier this year of Silicon Valley Bank and Signature Bank.
  • Biden will begin a trip to Japan, Papua New Guinea and Australia.

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The Weekly Hill Update

United States Capitol

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • President Joe Biden has called the congressional leadership to the White House for a meeting tomorrow as the United States stands on the precipice of defaulting on its public debt for the first time in history amid a standoff over raising the statutory debt limit.
  • As the COVID-19 public health emergency officially ends Thursday, attention is focused on the end of Title 42 restrictions on immigration and a possible surge at the southern U.S. border.
  • Biden will also host President Pedro Sanchez of Spain at the White House later this week.

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The Weekly Hill Update

United States Capitol

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • The pressure is on Speaker Kevin McCarthy as House Republicans aim to pass their budget blueprint – a critical step for McCarthy’s negotiating position on raising the debt limit.
  • President Joe Biden will host a state visit from South Korea’s President Yoon Suk Yeol.
  • Biden is expected to formally announce his reelection campaign this week, as the field of Republican challengers continues to grow.

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U.S. Treasury Dept. Publishes Risk Assessment Addressing Illicit Finance Risks of DeFi

The Federal Policy team’s Kevin Edgar co-authored an analysis of the U.S. Treasury’s recent report on how bad actors are increasingly exploiting decentralized finance services for criminal activities. Kevin and members of BakerHostetler’s Digital Assets and Data Management Group explain Treasury’s key findings – and why DeFi users should be careful.

Read the full alert.

The Weekly Hill Update

United States Capitol

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • Congress returns from its two-week recess to a busy week of hearings and floor action, including appearances by several Cabinet members and lawmakers investigating the recent leak of classified documents from the Pentagon.
  • Senate Minority Leader Mitch McConnell, R-Ky., and Sen. John Fetterman, D-Pa., return this week from health-related absences, while majority Democrats attempt to manage the ongoing absence of ailing Sen. Dianne Feinstein, D-Calif.
  • Labor Secretary nominee Julie Su will have her Senate confirmation hearing.

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The Weekly Hill Update

United States Capitol

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • A busy congressional schedule with over 100 committee meetings includes several cabinet secretaries, as well as hearings on two charged issues: turmoil in the banking sector, and the East Palestine rail disaster.
  • President Joe Biden will host the 2023 Summit for Democracy.
  • The House will take up Republicans’ signature energy legislation.

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The Weekly Hill Update

United States Capitol

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • The Senate is expected to approve legislation to repeal authorizations of military force against Iraq from 1991 and 2002.
  • The congressional hearing schedule includes visits from several members of President Joe Biden’s cabinet, as well as TikTok CEO Shou Chew.
  • Biden will make his first visit to Canada as president.

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The Weekly Hill Update

Capitol Hill

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

  • The Senate is expected to vote to strike down the District of Columbia’s controversial new criminal code, sending the resolution to President Biden, who has indicated he will sign it.
  • The White House will release the president’s annual budget Thursday.
  • The congressional hearing schedule is extremely busy, including an appearance by Treasury Secretary Janet Yellen and two by Federal Reserve Chair Jay Powell.

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