This Week in Legislation

Week of September 26

·       This week, both the U.S. House and U.S. Senate are in session for legislative business. While neither chamber is expected to consider student financial aid-related legislation, Congress is expected to pass a Continuing Resolution that provides temporary funding for federal agencies, including the U.S. Department of Education, prior to the start of the federal fiscal year that begins on Saturday, October 1^st.

·       On Wednesday at 10:00 a.m., the House Financial Services Committee holds a hearing entitled, “The Semi-Annual Testimony on the Federal Reserve’s Supervision and Regulation of the Financial System.” The sole witness will be the Honorable Janet Yellen, Chair of the Federal Reserve Board of Governors.

·       On Wednesday at 2:30 p.m., the Joint Economic Committee holds a hearing titled, “The ‘New Normal’? An Assessment of the Economic Recovery.” Witnesses include: Lawrence Kudlow, Senior Contributor, CNBC, and Founder and Chief Executive Officer, Kudlow and Co., LLC; Dr. Veronique de Rugy, Senior Research Fellow, Mercatus Center, George Mason University; and The Honorable Alan Blinder, Gordon S. Rentschler Memorial Professor of Economics and Public Affairs, Princeton University, and Visiting Fellow in Economic Studies, The Brookings Institution.

·       On Thursday at 10:00 a.m., Sen. Elizabeth Warren (D-MA), Sen. Brian Schatz (D-HI), and Rep. Mark Pocan (D-WI) hold a briefing titled “Make Debt Free College a Reality.” Participants include: Tamara Draut, Vice President of Policy and Research, Demos; Maggie Thompson, Executive Director, Generation Progress; Jennifer Wang, Washington Director, the Institute for College Access and Success; Jennifer Mishory, Executive Director, Young Invincibles; and Mark Huelsman, Senior Policy Analyst, Demos. To RSVP, send an email to alicia.Molt@mail.house.gov.

 

·       On Thursday at 3:30 p.m., the Consumer Financial Protection Bureau (CFPB) holds a meeting of its Community Bank Advisory Council to discuss youth capability and debt collection. The meeting will feature opening remarks from Director Richard Cordray and a discussion with Sunaena Lehil, K-12 Senior Policy and Innovation Analyst for Financial Education; Cassandra McConnell-Tatum, Deputy Assistant Director for Financial Education; Kristin McPartland, Senior Council for Regulations; and John McNamara, Acting Assistant Director for Markets. To register for the meeting, click here.

 

·       On Thursday at 4:00 p.m., Federal Reserve Chair Janet Yellen participates in “A Conversation with Conference Panelists,” at the Banking and the Economy Forum for Minority Bankers hosted by the Federal Reserve Bank of Kansas City, MO.

 

This information is shared by SASFAA's Legislative Affairs' Committee and NCHER.