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FreedomWorks: We handed out our Key Vote Notice supporting the Cut, Cap, and Balance Act (H.R.2560) and Dick Armey’s FoxNews op-ed, “Mitch McConnell’s Premature Retreat.”
House/Senate/Schedule: Both the House and Senate will be in session this week, and the Senate will also be in this weekend as well. Both Chambers are scheduled to remain in session until at least August 5th. It is unclear if they will extend their sessions for part of or all of their August recess. Also, look for a Coburn budget plan in the next few weeks that includes net tax increases.
Senate/Agenda: This week, the Senate will be considering the Military Construction, Veterans’ Affairs and related agencies Appropriations bill (H.R.2055). After that, it is unclear what the Senate will work on. They may take up the Cut, Cap, and Balance Act (either House passed or the Senate version), the Senate Consensus Balanced Budget Amendment, or the McConnell Plan. They may also consider a short term FAA extension bill.
House/Agenda: The House has a busy schedule again this week. Tomorrow, they will vote on the Cut, Cap, and Balance Act. On Wednesday, they will work on a short term FAA extension bill. Thursday, they will consider a Consumer Financial Protection Bureau bill, and on Friday, they will work on the Legislative Branch Appropriations bill.
Next week, they will likely work on the Interior Appropriations bill, a Keystone Pipeline bill, and they will possibly have a debt limit vote.
House/Spending: On Tuesday, the House will vote on the Cut, Cap, and Balance Act of 2011 (H.R.2560), which would meet the criteria of the Cut, Cap, and BalancePledgeby cutting total spending for FY2012 by $111 billion; capping total federal spending; and requiring the passage of a Balanced Budget Amendment to the U.S. Constitution that includes a super-majority requirement to raise taxes and a limit on spending before the debt limit can be raised. This bill has 87 original co-sponsors.
On Friday, the House will consider the Legislative Branch Appropriations bill (H.R.2551). The bill appropriates $3.3 billion for the House portion (this excludes Senate items, which are traditionally left to the Senate to determine.) This is a decrease of $227 million, or 6.4 percent, from the FY2011 enacted level. The RSC will likely offer an amendment to this bill that would reduce spending by an additional $428 million, which is a further cut of 9.92% from the base bill.
House/Other: On Wednesday, the House will also work on the Airport and Airway Extension Act of 2011 (H.R.2553), which would extend the FAA program until September. This is the fourth short term extension of the FAA program Congress will have considered this year.
On Thursday, the House will start working on the Consumer Financial Protection Safety and Soundness Improvement Act of 2011 (H.R.1315). This bill is supposed to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to strengthen the review authority of the Financial Stability Oversight Council of regulations issued by the Bureau of Consumer Financial Protection.
House/Member Initiative: Rep. Bill Posey (R-FL) will be introducing a bill this week called the Social Security Protection Act. This bill is in response to President Obama’s comment that he might not be able to cut Social Security checks on August 3rd, if the debt limit is not raised by August 2nd. Rep. Posey’s bill would require that Social Security payments are made, in the event that a debt limit increase does not occur.
House/Member Initiative: Rep. Ron Paul (R-TX) has introduced the Social Security Prevention Act (H.R.219), which states that all money raised by the Social Security trust fund will be spent on payments to beneficiaries. This bill would prevent the Social Security trust fund from being robbed by general treasury.
House/Member Initiative: Rep. Tom Reed (R-NY) has introduced H.Res.228, the Debt Clock Resolution, directing the Clerk of the House of Representatives to place a real time display of the United States gross national debt in the House Chamber.
House/Member Initiative: Rep. Joe Walsh (R-IL) is writing a letter to House leadership (Speaker Boehner and Majority Leader Cantor) urging them to not take up Senator McConnell’s “Cut, Run and Hide” plan. His letter asks the Speaker to publicly oppose Senator McConnell’s plan to raise the debt ceiling and guarantee that the McConnell Plan never comes to the House floor for a vote. He is currently looking for other members to sign on.