Advance Look At This Week's Key Political Events 10/10/2011
Three things in life are certain: death, taxes, and political theater in Washington. Goldman summarizes: A holiday today, but a busy week starting tomorrow with passage of currency legislation, consideration and likely passage of bilateral trade deals, consideration of the President’s jobs legislation, the proposed Volcker Rule, and continued private meetings of the fiscal “super committee” (no public meetings scheduled yet for this week).
Monday, October 10
- Columbus Day Holiday
Tuesday, October 11
- Currency legislation. The Senate likely to pass currency legislation, after two successful procedural votes last week.
- American Jobs Act. Following Senate likely passage of the currency legislation, the Senate is likely
- Financial Stability Oversight Council meets…
- Volcker rule. FDIC Board meets on the Volcker Rule proposed rule and to approve revised projections of Deposit Insurance Fund losses.
Wednesday, October 12
- House passes trade agreements with Columbia, Panama, and South Korea? The House is likely to pass all three agreements, with the final vote likely occuring on Wednesday.
- Hearing on tax reform implications for capital formation and corporate investment. In addition to longer-term oriented issues, this hearing might also focus on near term issues like proposals to allow for a temporary tax holiday for repatriation of profits from overseas. In the Senate Finance Committee.
- House Financial Services Committee votes on capital stock increases for IBRD, IADB, EBRD, and ADB. The legislation is called “Supporting Economic and National Security by Maintaining U.S. Leadership in Multilateral Development Banks Act”
- Derivatives regulation. The House Agriculture Committee will review legislative proposals to modify Title VII of the Dodd-Frank Act, which covers derivatives regulation.
- National Infrastructure Bank. The House Transportation Committee’s title sums up the committee majority’s view: “National Infrastructure Bank: More Bureaucracy and More Red Tape.”
- Federal Home Loan Banks. The House Financial Services Committee will review the state of the FHLB system, which came under new regulation in 2008 but hasn’t seen the same level of legislative focus as the GSEs or the FHA.
- SEC open meeting on Volcker Rule…
Thursday, October 13
- State, Treasury, and Commerce testify on Iran sanctions. In the Senate Banking Committee.
- Industry reps testify on international implications of housing finance reform. In the House Financial Services Committee.
Friday, October 14 - Derivatives regulation. The House Financial Services Committee will review legislative proposals to modify Title VII of the Dodd-Frank Act, which covers derivatives regulation, similar to the House Ag Committee
Friday, October 14
- Derivatives regulation. The House Financial Services Committee will review legislative proposals to modify Title VII of the Dodd-Frank Act, which covers derivatives regulation, similar to the House Ag Committee
