This week in the U.S. House of Representatives, Senate: June 20 -25, 2016

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Both chambers are in session this week.

U.S. House of Representatives

On Monday, the U.S. House of Representatives is not in session. On Tuesday, the House is in session and will consider several bills under Suspension of the Rules.  A full list of bills can be found here.

On the floor this week, the House will consider:

A vote on overriding the president’s veto of H. J. Res. 88, a resolution that disapproves the rule issued by the Labor Department on April 8, 2016, commonly known as the fiduciary rule on retirement investment advice, which subjects broker-dealers who oversee retirement investments to the fiduciary standard under which they must provide investment advice that is in the best interest of the investor “without regard to the financial or other interests” of the financial institution, adviser or other party. A two-thirds vote of both chambers is needed to override a veto; the House originally passed the measure by a 234-183 vote, while the Senate originally cleared it by a 56-41 vote. The president vetoed the measure June 8.

  • Alabama co-sponsor(s): None.

H.R. 5485: the Financial Services and General Government Appropriations Act for FY 2017. The bill provides a total of $21.7 billion in discretionary funding subject to budget caps, 6.5 percent less than current funding and 11 percent less than requested. It cuts funding for the IRS, SEC, FCC, CPSC and GSA while increasing funding for the federal judiciary and SBA.

  • Alabama co-sponsor(s): None.

H.R. 1270: the Restoring Access to Medication & Improving Health Savings Act. The bill modifies several rules related to health savings accounts (HSAs) in an effort to further promote the use of HSAs, including by nearly doubling the maximum contribution limit and allowing certain couples to divide up their combined catch-up contributions among either of their HSAs. It also repeals a rule under Obamacare that made over-the-counter medications ineligible for coverage under HSAs and other health-related accounts.

  • Alabama co-sponsor(s): None.

H.R. 4768: the Separation of Powers Restoration Act. The bill effectively overturns two Supreme Court decisions that require courts to give substantial deference to a federal agency’s interpretation of the law it is implementing and to its own interpretation of regulations. Supporters of the bill argue that the decisions override the checks and balances enshrined in the Constitution and give excessive power to administrative agencies.

Military Construction-VA Appropriations and Zika Funding. House and Senate negotiators may reach agreement on FY2017 Military Construction-VA appropriations and supplemental FY2016 funding to prepare for and respond to the Zika virus.

U.S. Senate

The Senate is in session and expected to continue consideration of its version of the FY2017 Commerce-Justice-Science appropriations bill, during which time the Senate is expected to hold up to four cloture votes on gun-related amendments.

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