Week of May 1, 2017
·
This week, both the U.S. House and U.S. Senate are in session
for legislative business. Today, the Senate is expected to consider and approve
the nomination of Jay Clayton to serve as chair of the U.S. Securities
and Exchange Commission. Later in the week, both chambers are expected to
consider and pass H.R. 244, the Consolidated Appropriations Act for Fiscal Year
2017, which would provide discretionary funding to the U.S. Department of
Education through September 30, 2017.
·
On Tuesday and Wednesday, all day, the Federal Reserve holds a two-day meeting of its
Federal Open Market Committee. The minutes for each regularly scheduled meeting
of the committee, which include a description of economic and financial
conditions, are made available three weeks after its policy decisions are
posted in the Federal Reserve Board’s Annual Report.
·
On Tuesday at 10:00 a.m., the House Financial Services Committee begins
consideration of amendments to H.R. 10, the Financial CHOICE Act, which will
reform the Dodd-Frank Wall Street and Consumer Protection Act. The committee
anticipates voting on final passage of the bill later in the week.
·
On Tuesday at 12:00 p.m., American Student Assistance hosts a panel discussion
titled, “Student Debt–It’s Not Just For Millennials: The Effect of Student
Loans on Older Americans.” The event serves as a follow up to its recently
updated report, Retirement Delayed: The Impact of Student Debt on the Daily Lives of
Older Americans, and looks to
discuss some of the issues facing older borrowers with student debt and pose
policy solutions to help alleviate this increasing burden that is delaying
retirement and financial security later in life. Participants include: Rachel
Fishman, Senior Policy Analyst, New America Foundation; Lori Trawinski,
Director, Banking and Finance, AARP Public Policy Institute; and Seth
Frotman (invited), Student Loan Ombudsman, Consumer Finance Protection
Bureau. To attend the event, send an email to jryder@asa.org.
·
On Wednesday at 9:30 a.m., the House Oversight and Government Reform Committee
holds a hearing titled, “Reviewing the Free Application for Federal Student Aid
Data Breach.” Witnesses will be announced at a later date.
·
On Wednesday at 10:00 a.m., the House Budget Committee holds a hearing titled,
“Failures of Fiscal Management: A View From the Comptroller General.” The sole
witness will be The Honorable Gene Dodaro, Comptroller General of the
United States, U.S. Government Accountability Office.
·
On Wednesday at 10:30 a.m., the Senate Budget Committee holds a hearing entitled,
“Private Sector Growth and the Economy.” Witnesses include: Michael Strain,
Director of Economic Policy Studies, American Enterprise Institute (AEI); William
Dunkelberg, Chief Economist, National Federation of Independent Business;
and Jeffrey Sachs, Director, Center for Sustainable Development,
Columbia University.
·
On Wednesday at 1:00 p.m., the House Appropriations Subcommittee on Financial
Services and General Government holds an oversight hearing on the Internal
Revenue Service (IRS). Witnesses include: The Honorable J. Russell George,
Inspector General for Tax Administration, U.S. Department of Treasury; and Nina
Olson, National Taxpayer Advocate, IRS.
·
On Wednesday at 3:00 p.m., GradNation releases its "2017 Building a Grad
Nation" report, which is the campaign’s 8th annual report on the current
state of high school graduation rates in the United States. To coincide with
the report’s release, the Aspen Institute, America’s Promise Alliance, Alliance
for Excellent Education, Civil Enterprises, and the Everyone Graduates Center
at John Hopkins University will host a panel discussion titled, “The State of
our GradNation: What Will it Take to Get to a 90 Percent Grad Rate for All
Students.” Participants include: Elliot Gerson, Executive Vice
President, Aspen Institute; Nicole Anderson, President, AT&T Foundation;
John Bridgeland, President and Chief Executive Officer, Civic
Enterprises; Bob Balfanz, Director, Everyone Graduates Center at Johns
Hopkins University; Gov. Bob Wise, President, Alliance for Excellent
Education; John Gomperts, President and Chief Executive Officer,
America’s Promise Alliance; Lisa Stark, Contributor, Education Week;
Charlene Briner, Deputy Commissioner, Minnesota Department of Education;
Jennifer DePaoli, Senior Research and Policy Advisor, Civic Enterprises;
and Anthony Terrell, Principal, Mt. Vernon High School, Fairfax, VA.
·
On Thursday and Friday, all day, the National Skills Coalition hosts Apprenticeship
Forward, a national conference that will “help chart a path toward a future where millions
more American workers and businesses reap the benefits of a high performing
apprenticeship system built through the collaboration of the public, private,
and philanthropic sectors.”
·
On Friday at 9:00 a.m., MTV, Better Make Room, and the Reach Higher
Initiative host the 2017 National College Signing Day in New York City, NY. The
event, which celebrates high school seniors pursuing higher education, will
feature former First Lady Michelle Obama.
·
On Friday at 11:30 a.m., Federal Reserve Board of Governors Vice Chairman Stanley
Fischer gives a speech titled, “Monetary Policy Rules and Committees,” at the
Structural Foundations of Monetary Policy Conference in Stanford, CA.
·
On Friday at 1:30 p.m., Federal Reserve Board of Governors Chair Janet
Yellen gives a speech titled, “125 Years of Women’s Participation in the
Economy,” during the 125 Years of Women Conference at Brown University in
Providence, RI.
·
On Friday at 3:00 p.m., the Federal Reserve releases its “Consumer Credit –
G.19” report, which includes the amount of outstanding federal and private
student loans.
This information is shared by SASFAA's
Legislative Affairs' Committee and NCHER.
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