Tag Archives: Export-Import Bank

House to Take on Ex-Im, Fiduciary Rule; Fed, SEC to Hold Meetings

Legislative Activity House Likely to Take-Up Ex-Im Reauthorization, Legislation on DOL’s Fiduciary Rule After successfully getting enough signatures on his discharge petition to force a vote on reauthorization of the Export-Import Bank, it is expected that this week – possibly as early as today – Representative Stephen Fincher (R-TN) will bring up his petition, where … Continue Reading

Tax-Writers Move on Highway Funding, Tax Extenders

Legislative Activity Tax-Writers Running Out of Time on Highway Bill Last week, the House of Representatives passed by a vote of 312-119 an $8 billion five-month highway patch that includes various tax compliance-related pay-fors, which themselves raise nearly $5 billion. If the House is successful in getting the Senate to agree to its short-term extension … Continue Reading

Financial Services Lawmakers Move on CFTC Reauthorization, Appropriators Push for Changes to Dodd-Frank

Legislative Activity Senate Banking Committee Likely to Let Export-Import Bank Lapse, Timing Unclear for Regulatory Relief Last week, Senate Banking Chairman Richard Shelby (R-AL) noted that he does not “see any crying-out need for a markup” of legislation to reauthorize the Export-Import Bank, making clear that he has no plans to markup the legislation that … Continue Reading

President Obama Attends the G-7 Summit; House to Consider COOL Legislation and Possibly TPA; While the Senate Resumes its FY 2016 NDAA Floor Debate

G-7 Summit President Barack Obama arrived in Germany on Sunday to attend the G-7 Summit. The leaders are expected to review the current situation in Ukraine; discuss continued support for Ukraine’s sovereignty and territorial integrity; and underscore their support for a diplomatic solution based on full implementation of the Minsk agreements. Many expect the G-7 … Continue Reading

Export-Import Bank in Focus for Financial Services Lawmakers

Legislative Activity Lawmakers to Focus on Export-Import Bank Reauthorization This week, the Senate Banking and House Financial Services Committees will hold hearings to discuss the Export-Import Bank – the agency that finances the export of American goods and services. The hearings will include several of the same witnesses, including the Honorable Fred P. Hochberg, President … Continue Reading

Senate to Begin Floor Debate of Its TPA Measure This Week; Congressional Committees to Focus on Nepal, Cuba, Extremism in the Middle East, and U.S. Trade Promotion Agencies

Trade Promotion Authority On Tuesday, 12 May, the Senate failed, on a largely party line vote, to pass a motion to proceed to H.R. 1314, which includes Trade Promotion Authority (TPA) and Trade Adjustment Assistance (TAA). After the failed vote, negotiations between Republicans and Democrats continued in earnest to chart a way forward for the TPA-TAA … Continue Reading

Congress Focuses on TPA and Iran; TPP and TTIP Negotiators Meet This Week; President Obama Meets with the Crown Prince of Abu Dhabi

Trade Promotion Authority (TPA) On Thursday, 16 April, Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Oregon) released a draft Trade Promotion Authority (TPA) bill – The Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (“TPA-2015”). The bill includes objectives on currency manipulation, settlement of investor-state disputes, intellectual property protections, … Continue Reading

Israel’s Prime Minister To Address Congress This Week, While Vice President Biden and Secretary Kerry Travel Abroad; Early Congressional Momentum on Renewing U.S. Ex-Im Bank Charter, While Action on Trade Promotion Authority Stumbles

Iran/Israel The disagreement between the Obama Administration and Prime Minister Netanyahu deepened last week. In advance of his address before a joint session of Congress this week, Israeli Prime Minister Benjamin Netanyahu warned the deal emerging from the ongoing P5+1 Talks will allow Iran to become a “nuclear threshold state.” National Security Adviser Susan Rice … Continue Reading