CAPITAL BRIEF + GEOPOLITICAL CALL THURS @ 11AM |  SPANNING THE GLOBE - capitalbrief

ON THE SENATE FLOOR: The Senate this week will continue to consider nominations. “In the coming days,” there will be an all-Senators classified briefing on the situation in Ukraine, according to a Dear Colleague letter from Majority Leader Chuck Schumer. Schumer said he plans to bring President Joe Biden's national security funding package, which includes aid for Ukraine and Israel, to the floor “as soon as the week of December 4th.” It remains to be seen whether the package will include changes to U.S. border policy - a demand Senate Republicans have made since Biden made the request back in October. One option being discussed by a bipartisan group of Senators would reportedly tighten the initial standard immigrants must meet when applying for asylum.   

IN THE HOUSE: The House has a number of bills on its schedule, including a proposal that would ban migrant housing on federal lands, but what is more notable is what is not on the agenda. There are no appropriations bills scheduled for action. The House has passed seven of the 12 FY 2024 appropriations bills, but for various reasons, the Republican leadership has not been able to muster the necessary party support to clear the remaining five bills – Transportation/HUD, Agriculture/FDA, Commerce/Justice/Science, Labor/HHS/Education, and Financial Services/General Government.   

Republicans added a seat to their numbers with the November 21 special election in Utah, but there’s a chance they could lose one of their members this week. In the special election, Celeste Maloy, a former staffer for Rep. Chris Stewart (R-UT), won the race to fill his seat after Stewart resigned in September. Maloy will be sworn in this week, bringing the House to full membership with 222 Republicans and 213 Democrats. However, it’s possible that the House could vote this week on a resolution to expel Rep. George Santos (R-Ny).  A two-thirds majority vote is needed for expulsion.  

There will be two more vacancies early next year – one from each party. On February 5, Democratic Rep. Brian Higgins of New York will become the new president and CEO at Shea's Performing Arts Center in Buffalo. His upcoming resignation will open up a seat on the Ways and Means Committee that is expected to be filled by Rep. Jimmy Gomez (D-CA). Gomez had to give up his seat on the panel at the start of this Congress when party control switched from Democratic to Republican, reducing the number of Democratic slots on all committees. On November 20, Republican Rep. Bill Johnson of Ohio announced he will become the new president of Youngstown State University.  While Johnson did not announce a date for his resignation from Congress, he must start his new job by March 15.   

Looking Ahead:  The House and Senate are looking to adjourn for the year on December 14 and 15, respectively, and have a full list of must-do measures on the agenda, including reauthorizations of the National Defense Authorization Act (NDAA) and Federal Aviation Administration (FAA) programs. Key lawmakers from the House and Senate have been negotiating for weeks on a compromise version of the NDAA bill and will formally convene conference committee deliberations this week. As for FAA programs, the House passed a five-year reauthorization bill in July, but the Senate has not yet taken up its version as action in the Commerce Committee has been hung up over pilot training rules.  The Continuing Resolution (CR) enacted back on September 30 provided a three-month extension, through December 31, for FAA programs. 

The second CR, which was enacted November 16, extended government funding in two tranches. Funding is extended through January 19 for four bills – Transportation/HUD, Energy and Water, Military Construction/VA, and Agriculture/FDA. Funding covered by the eight other bills is extended through February 2.  Both the House and Senate would like to approve their versions of all 12 appropriations bills before leaving in December but are taking slightly different approaches. The House is trying to pass the bills one by one on mostly party-line votes, but internal Republican differences have prevented floor action on five of the bills. The Senate Appropriations Committee approved all 12 bills with bipartisan support and is taking the measures to the floor as minibus packages. Thus far, the Senate has passed one minibus that packaged three spending bills for Agriculture/FDA, Military Construction/Veterans Affairs, and Transportation/Housing and Urban Development. Because of limited floor time between now and mid-December, one option being discussed is grouping the remaining nine bills together for full Senate consideration. 

Looking even further ahead, the Senate has released its tentative calendar for 2024 here.

COMMITTEE ACTION: 

Tuesday, November 28

  • Senate Finance Committee to consider the nomination of Martin O’Malley to be Commissioner of Social Security
  • House Rules Committee meeting on various measures, including H.R. 5283 – Protecting our Communities from Failure to Secure the Border Act of 2023 

Wednesday, November 29

  • House Energy and Commerce Subcommittee on Environment, Manufacturing, and Critical Materials Hearing: “America Leads the Way: Our History as the Global Leader at Reducing Emissions”
  • House Energy and Commerce Subcommittee on Health Hearing: "Understanding How AI Is Changing Health Care"
  • House Financial Services Committee Hearing: “The Semi-Annual Report of the Bureau of Consumer Financial Protection,” with CFPB Director Rohit Chopra
  • House Education and the Workforce Subcommittee on Workforce Protections Hearing: “Bad for Business: DOL’s Proposed Overtime Rule”
  • House Transportation and Infrastructure Subcommittee on Railroads, Pipelines, and Hazardous Materials Hearing: “Getting on the Right Track: Navigating the Future of Intercity Passenger Rail in America”
  • House Natural Resources Joint Subcommittee Hearing: “Examining the Biden Administration’s Offshore Wind Development Policy”
  • House Foreign Affairs Committee markup of various measures, including:
    • H.R. 2766, to support the human rights of Uyghurs and members of other minority groups residing primarily in the Xinjiang Uyghur Autonomous Region and safeguard their distinct identity, and for other purposes;
    • H.R. 1103, To require the President to remove the extension of certain privileges, exemptions, and immunities to the Hong Kong Economic and Trade Offices if Hong Kong no longer enjoys a high degree of autonomy from the People’s Republic of China, and for other purposes; and
    • H.R. 5532, To provide for the imposition of sanctions with respect to North Korea’s support for Russia’s illegal war in Ukraine. 

Thursday, November 30

  • Senate Banking, Housing and Urban Affairs Committee Hearing: “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress”
  • House Transportation and Infrastructure Subcommittee on Aviation Hearing: “Turbulence Ahead: Consequences of Delaying a Long-Term FAA Bill”
  • House Science, Space, and Technology Committee Hearing: “The Role of Federal Research in Establishing a Robust U.S. Supply Chain of Critical Minerals and Materials”
  • House Energy and Commerce Subcommittee on Communications and Technology Hearing: “Oversight of President Biden’s Broadband Takeover”
  • House Oversight and Accountability Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs Hearing: “Digging Deeper: Ensuring Safety and Security in the Critical Mineral Supply Chain”

CAPITAL BRIEF + GEOPOLITICAL CALL THURS @ 11AM |  SPANNING THE GLOBE - MadMadWorld 2022 NEW 2.0 

Join our Washington chief J.T. Taylor and Hedgeye's geopolitical advisor Col. Jeffrey McCausland for an update on the war between Israel and Hamas with a temporary truce in place amidst growing attacks on U.S. forces in the region. They will also cover the growing intensity of bombings and fighting in Ukraine and what that means for the direction of the war and implications for Ukraine heading into winter and beyond - as well as waning support for foreign assistance to Ukraine and even Israel on and off Capitol Hill. They'll also discuss the direction of elections in Europe, Argentina as well as Taiwan. And more...

 ***Please submit your questions in advance*** 

THURSDAY, NOVEMBER 30, 2023 AT 11:00 AM

CLICK HERE for event details (includes video and materials link).

CLICK HERE TO ADD TO CALENDAR