Temporary Spending Measure, Financial Services Markup This Week

U.S. House lawmakers are expected to begin work on a temporary spending measure this week with a goal of passing it before current government funding expires November 21. The White House said it will support a month-long extension. Appropriators are also continuing discussions on a dozen fiscal year 2020 spending bills, including the National Defense Authorization Act (H.R. 2500; S.1790).

The House Financial Services Committee begins a markup of nine bills Wednesday, including a number related to debt collection and small business lending. The markup is set to begin at 2:00 p.m. and could continue through Thursday.

The committee also announced it will hold a number of hearings in November on credit union issues, including the role of big data and regulators efforts to preserve and promote minority depository institutions.

Thursday, Federal Reserve Chairman Jerome Powell will testify on the economic outlook before the House Budget Committee.