THIS WEEK:
- The House and Senate are in session.
- The Senate is planning to debate and vote on the Tax Cuts and Jobs Act.
- The House and Senate need to address expirations of the NFIP and the CR to fund the government before December 8th - not to mention looming expirations of DACA, FISA, the fight over CSR payments, the two-year deal to increase spending beyond the Budget Control Act caps and disaster relief funding after a record-setting hurricane season.
- States are preparing for CHIP funding to run out.
- The showdown over the CFPB director heads to the courts.
MONDAY, NOVEMBER 27:
- The Senate resumes consideration of Dabney Langhorne Friedrich to be the U.S. District Judge for DC at 4:00 PM.
- The president is scheduled for lunch with Veep Mike Pence and Republican Senators.
TUESDAY, NOVEMBER 28:
- The president is expected to join the Senate Republican policy lunch followed by a meeting with Congressional leadership - Nancy Pelosi, Chuck Schumer, Paul Ryan, and Mitch McConnell - to discuss the year-end spending strategy at the White House (see aforementioned list).
- The Senate Budget Committee will hold a vote to pave the way for the Tax Cuts and Jobs Act.
- The Senate Banking, Housing, and Urban Affairs Committee will consider Jerome H. Powell to be Chairman of the Board of Governors of the Federal Reserve System.
- The Senate Health, Education, Labor, and Pensions Committee will hold a hearing on the Higher Education Act reauthorization and simplifying FAFSA at 10:00 AM.
- The House Committee on Homeland Security is hosting a business meeting on securing public areas of transportation systems at 10:00 AM.
- The House Committee on Oversight and Government Reform is hosting a hearing on the opioid crisis at Johns Hopkins Hospital at 12:30 PM.
- The House Committee on Rules will hold a hearing on H.R. 3017 - Brownfields Enhancement Economic Redevelopment and Reauthorization Act of 2017 at 5:00 PM
WEDNESDAY, NOVEMBER 29:
- The president is scheduled to give a speech promoting tax cuts in Missouri.
- The Senate plans to begin debate and “vote-a-rama” on the Tax Cuts and Jobs Act.
- The Senate Health, Education, Labor, and Pensions Committee will consider the nomination of Alex Michael Azar II to be Secretary of Health and Human Services at 9:30 AM.
- The Joint Economic Committee will examine the economic outlook with Federal Reserve Chair Janet Yellen at 10:00 AM.
- The House Financial Services Committee will hold a hearing on the role of Ginnie Mae in sustainable housing finance at 10:00 AM and on countering terrorism and illicit finance at 2:00 PM.
- The House Committee on Natural Resources is holding a hearing on modernizing NEPA for the 21st Century at 10:00 AM followed by a markup on coal moratoriums and six other bills at 4:00 PM.
- The House Oversight and Government Reform Committee is having their third regulatory check-in at 10:00 AM.
- The House Committee on Science, Space, and Technology is holding a hearing on the future of WOTUS at 10:00 AM.
- The House Committee on Energy and Commerce is holding a hearing on the role of financial trading in electricity markets at 10:15 AM.
- The House Committee on Appropriations is holding several supplemental oversight hearings on U.S. Forest Service at 10:00 AM, U.S. Army Corps of Engineers at 11:00 AM, and the Small Business Administration at 2:00 PM.
- The House Committee on Rules will hold a hearing on several Acts at 3:00 PM.
THURSDAY, NOVEMBER 30:
- The Senate continues debate and “vote-a-rama” on the Tax Cuts and Jobs Act.
- The Senate Health, Education, Labor, and Pensions Committee will examine the opioid crisis at 10:00 AM.
- The House Committee on Appropriations will continue their oversight hearings with the Department of the Interior at 9:30 AM, FEMA at 10:00 AM, and the Department of Transportation at 3:00 PM.
- The House Energy and Commerce Committee will get an update from the FDA and NIH at 10:00 AM followed by a hearing on identity verification in a post-breach world.
- The House Committee on Natural Resources will continue their markup of coal moratoriums and six other bills at 10:00 AM followed by a hearing on streamlining water projects at 2:00 PM and a hearing on geothermal exploration at 2:30 PM.
- The House Financial Services Committee will evaluate the effectiveness of U.S. sanctions programs at 2:00 PM.
FRIDAY, DECEMBER 1:
- The president is scheduled to have lunch with Secretary of State Rex Tillerson and Defense Secretary James Mattis.
- The House Appropriations Committee will continue their hearings with the Department of Housing and Urban Development at 9:30 AM.
- The Senate is expected to hold a final vote on the Tax Cuts and Jobs Act.
BUDGET ENDGAME APPROACHES: RESETTING THE BOARD: Our Senior Defense Analyst Emo Gardner wrote that appropriators have produced a draft 2018 Defense bill, but the numbers still don't add up. A deal will happen, but not until after Christmas. Read the full piece here.
FCC REPEAL OF STRICT NET NEUTRALITY RULES (CMCSA, CHTR, T, VZ, CTL, ATUS): Our Senior Telecom Analyst Paul Glenchur wrote that as anticipated, the GOP-controlled FCC will repeal strict net neutrality rules in mid-December, a sweeping win for cable ops and telcos. Read the full piece here.
CALL REPLAY RUINED PUNCH BOWL? ACA REPEAL MAKES INEVITABLE APPEARANCE IN TAX REFORM: Emily Evans along with Hedgeye’s Senior Health Analyst Thomas Tobin and JT Taylor discussed the intersection of health care and tax reform. Evans detailed the impacts of tax reform on the health industry as well as the chances of an ACA repeal in the tax package. WATCH HERE or LISTEN HERE
CALL REPLAY OPEC MEETING PREVIEW WITH FORMER OPEC PRESIDENT AND ALGERIAN OIL MINISTER: Our Senior Energy Policy Analyst Joe McMonigle held a conference call on whether OPEC will decide to extend its production cut and for how long at the upcoming November 30th OPEC meeting in Vienna. LISTEN HERE
CALL REPLAY SUPREME COURT TACKLES SPORTS BETTING (MGM, CZR, WYNN, LVS): Our Senior Telecom Analyst Paul Glenchur along with Hedgeye’s Gaming and Lodging team held a discussion on the Supreme Court determining whether federal law can prevent states from repealing their own restrictions on sports wagering and what that means for the gaming industry. LISTEN HERE
Our Catalyst Calendar contains major policy dates and deadlines in Washington in addition to Hedgeye’s policy events. We will be updating the calendar as information changes and new dates are put on the books. YOU CAN FIND IT HERE and on our website.
