MEMO REVEALS GOP SUMMER PLAN

House Majority Leader Eric Cantor told Republican lawmakers in a memo Friday what to expect for the rest of the summer, including votes on three stalled trade agreements, action on an intelligence bill, and movement throughout the summer on the debt ceiling.

The Virginia Republican’s message to House Republicans on the summer “legislative floor schedule” itemized a variety of Republican priorities for the next few months, ranging from debt and spending to national security and patent reform. Cantor’s message was also laced with shots at the Democratic-controlled Senate, the Obama administration and House Democrats.

Cantor did not let on to when he thinks there will be a vote to raise the statutory debt ceiling — the major issue of the next two months. He said he expects action “throughout the summer.”

Also, Cantor said the House will have a “busy summer” in the national security realm. The 2012 intelligence authorization bill “could” come up “as soon as July,” Cantor wrote.

“From the ongoing conflict in Libya and Congress’s proper role in our military’s mission, to winning in Afghanistan and providing our intelligence community with the tools they need to succeed in the Global War on Terrorism,” Cantor said in the note, detailing what the House will tackle on foreign policy.
Otherwise, House Republicans are taking aim at what they consider burdensome regulation with a series of bills in July and August – one is called the Transparency in Regulatory Analysis Impacts on the Nation.

The GOP is also set to take up a series of bills to attempt to increase domestic production of oil – a bill which attempts to remove “the tangle of red tape for permits in Alaska” is expected in June and another to move forward with construction on the Keystone pipeline is set for July.

Patent reform is slated to hit the floor this month, and if Obama signs it, cantor said it will mark “a major victory for the House Republicans jobs agenda.”
Much of the summer will be consumed with appropriations bills, which Republicans all but vowed to do under open rules.

There’s also set to be an extension of the Federal Aviation Administration’s funding authorization in June, and flood insurance – with GOP overhaul- in July.

More Advocacy Issues

Today, President-elect Joe Biden will sign executive actions to deliver relief for families across America amid converging crises. Below, you will find a fact sheet of the actions biden will take to address the COVID-19 pandemic, provide economic relief, tackle climate change, and advance racial equity. More Here

Read More
 

Please click below for details regarding the effective date and compliance dates for the U.S. Commodity Futures Trading Commission’s final rule, Position Limits for Derivatives. Provided by: Delta Strategy Group. More Here.

Read More
 

The American Cotton Shippers would like to thank USDA’s Farm Service Agency for extending the marketing assistance loans (MALs) for non-recourse loans from 9 to 12 months. See notice below. More Here

Read More