Both the House and Senate Budget Committees are scheduled to mark up the FY2010 budget this week—the House in a marathon session on Wednesday and the Senate on Wednesday and Thursday. Both chambers are still scheduled to consider their budget resolutions on the floor next week. Senate Budget Chairman Kent Conrad (D-ND) and House Budget Chairman John Spratt (D-SC) have indicated that they will have to modify the president’s proposed budget outline in order to ensure passage of the budget resolution, but both intend to maintain the overall goals of the Obama budget.
More from CAP:
- Ask the Expert: Michael Ettlinger on President Obama’s Priorities for the Economy
- Overview: A New, Ambitious Course of Action, by Michael Ettlinger
- Defense: Obama’s Defense Budget Is on Target, by Lawrence J. Korb
- Education: Investing Wisely in Our Children, Cynthia G. Brown and Melissa Lazarín
- Energy: Energy Budget Is Sunlight After Eight Years of Darkness by Daniel J. Weiss
- Health care: One Step Closer to Better Health Care by Karen Davenport
The Senate this week will consider legislation increasing the tax rate on bonuses paid out by American International Group and other companies receiving funding under the Troubled Assets Relief Program. Last week, Majority Leader Harry Reid (D-NV) placed two bills on the calendar: The House-passed H.R. 1586 and a bill from Senate Finance Chairman Max Baucus (D-MT), S 651. It is unclear which bill the Senate will consider, but more information will be available later in the week.
The House Financial Services Committee is scheduled to mark up their version of legislation addressing the bonuses paid out by TARP recipients on Wednesday. Federal Reserve Chairman Ben Bernanke and Treasury Secretary Tim Geithner will testify.
Following last week’s House passage of H.R. 1388, the Generations Invigorating Volunteerism and Education, or GIVE Act, the Senate will begin debate on the bill today, with a cloture vote on the motion to proceed expected this evening. The GIVE Act reauthorizes several national service programs and expands the AmeriCorps program from 75,000 to 250,000 volunteers.
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- Students Can Improve National Service by Shirley Sagawa
- Leaders for Every Sector: National Service as a Strategy for Leadership and Workforce Development by Shirley Sagawa, AnnMaura Connolly, and Tamara Chao
Energy and environment
The House will again consider the Omnibus Public Lands Management Act, a package of legislation designating over 150 areas as national parks and forests. Originally, the Senate passed the bill in early January, but the House failed to pass the bill under suspension of the rules, coming up three votes short of the necessary two-thirds majority vote for passage. Last week the Senate passed the bill again, with the addition of a provision concerning hunting and fishing in designated wilderness areas. The House is expected to vote Wednesday on that Senate-passed measure. Passage will clear the bill for President Obama’s signature.
On Wednesday, the Senate Finance Subcommittee on Health Care holds a hearing entitled, “The Role of Long-Term Care in Health Reform.” CAPAF Senior Fellow Judy Feder will testify.
On Tuesday, the Senate Committee on Health, Education, Labor and Pensions holds a hearing "Addressing Insurance Market Reforms in National Health Reform." Also that day, the House Energy and Commerce Subcommittee on Health will hold a hearing entitled, "Making Health Care Work for American Families: Improving Access to Care."
More from CAP:
- Health Reform in an Aging America by Judy Feder
- The Importance of Assuring Affordable Health Care for All by Judy Feder