Legislative Updates - Week of Jan. 4

This week, the U.S. House convenes for the second session of the 114^th Congress. The chamber is expected to consider H.R. 1155, the Searching for and Cutting Regulations that are Unnecessarily Burdensome Act or the SCRUB Act, which would create a Retrospective Regulatory Review Commission to review the Code of Federal Regulations to identify rules that should be repealed to lower the cost of regulation to the economy. However, it is not expected to consider any specific student financial aid-related legislation. The U.S. Senate returns next Monday.

·       On Wednesday at 10:30 a.m., the House Rules Subcommittee on Legislative and Budget Process holds a hearing on H.R.1610, the “Biennial Budgeting and Enhanced Oversight Act of 2015.” Witnesses will be announced at a later date.

·       On Wednesday at 2:00 p.m., the Federal Reserve’s Federal Open Markets Committee (FOMC) releases the minutes of its two-day meeting held December 15-16, 2015.

·       On Wednesday at 4:30 p.m., the National Science Foundation holds a meeting via teleconference of the National Science Board to discuss the Higher Education Companion brief. In order to gain access to the public listening number, email a request to nationalsciencebrd@nsf.gov at least 24 hours prior to the teleconference.

Shared by SASFAA's Legislative Relations' Committee.