Legislative Update
House. The House is in recess this week.
Senate. The Senate is planning to vote this week on an updated version of its housing affordability bill. Like the legislation approved by the Senate in March and the House in May, the new version would reportedly include language to ban large institutional investors from buying single-family homes. However, it drops a provision that would require large institutional investors to sell newly built rental houses to individuals within seven years of purchase, a proposal that has been opposed by House lawmakers and was not included in the House-passed version. If the Senate approves the new version, it will then go to the House, where the outlook for passage is unclear.
FY 2027 Appropriations. The House Appropriations Committee has now cleared 11 of the 12 FY 2027 appropriations measures. The remaining bill, which funds defense programs, will be marked up by the full committee on June 24. Two of the 12 have been approved by the full House – Agriculture-FDA and Military Construction-Veterans Affairs.
The Senate Appropriations Committee, meanwhile, has postponed action on its bills as Chair Susan Collins (R-Maine) and Ranking Member Patty Murray (D-Wash.) have been unable to agree on a top-line spending number. The main point of contention is that Democrats want the defense number to be lower than the President’s $1.15 trillion appropriations request and want an increase in the President’s requested level for non-defense spending.
Committee Action of Note:
Tuesday, June 16
Wednesday, June 17
Thursday, June 18
Executive Actions of Note:
On June 11, President Trump nominated Jay Clayton to succeed Tulsi Gabbard as Director of National Intelligence. Clayton, a former chair of the Securities and Exchange Commission, is currently the U.S. Attorney for the Southern District of New York. The Senate Intelligence Committee quickly scheduled a hearing for Clayton’s nomination for this Wednesday. The President said last week that Bill Pulte will take over as acting Director on June 19, while also continuing to serve as Director of the Federal Housing Finance Agency.
Political Update
June 16 Elections. In Oklahoma, Republican Rep. Kevin Hern is favored to win the GOP nomination for the seat that was held by Senator Markwayne Mullin (R) until he was confirmed as Homeland Security Secretary. However, there are five candidates in the race and if no candidate wins a majority, the top two vote-getters will face off on Aug. 25.
Runoff races in two states are also on Tuesday’s schedule. In Georgia, Republican voters will choose their party’s nominee to oppose Democratic Senator Jon Ossoff in November. The GOP candidates in the runoff are Rep. Mike Collins, who was endorsed Sunday by President Trump, and former football coach Derek Dooley, who has the backing of Gov. Brian Kemp. In Alabama, Rep. Barry Moore, who has Trump’s endorsement, and former Navy SEAL Jared Hudson are competing in the Republican Senate runoff for the seat of Senator Tommy Tuberville (R), who is running for Governor.
The House has a packed agenda this week, including consideration of a budget resolution that provides instructions for a third reconciliation bill.
Read MoreWith only a few legislative days left before the House leaves for its summer recess, will Republicans approve a rule allowing legislation to move this week on the House floor?
Read MoreHouse Speaker Mike Johnson is hoping he has the votes to pass the defense authorization bill before the House begins its Independence Day recess at the end of the week. When the House returns on July 13, there are only eight session days on the schedule before the summer recess begins July 23.
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