TUESDAY, JANUARY 17, 2012
THE WEEK AHEADThe House convened at 2:00 p.m. for a pro forma session, and immediately recessed until 6:30 p.m., when a quorum call is scheduled. The House today is set to vote on a resolution to name Paul Irving as the 36th sergeant-at-arms of the House of Representatives.
The House Rules Committee will meet today to set a rule for floor debate of a resolution (H.J. Res. 98) to express disapproval of President Obama’s January 12 request to increase the debt limit by $1.2 trillion.
Wednesday, the House is expected to take up one measure subject to a rule. The House is not in session Thursday and Friday.
The Senate will remain in pro forma session this week, and is scheduled to return from recess January 23 at 2:00 p.m..
KEY HEARINGS & MARKUPSEnergy & Commerce: The House Energy & Commerce Committee will mark up the “Energy and Revenue Enrichment Act.”
Wednesday, January 18 at 10:00 a.m., 2123 Rayburn Building.
Financial Services: The Financial Institutions and Consumer Credit Subcommittee and the Capital Markets and Government Sponsored Enterprises Subcommittee of the House Financial Services Committee will hold a joint hearing on the potential impact of the proposed Volcker Rule of the Dodd-Frank Act.
Wednesday, January 18 at 9:30 a.m., 2128 Rayburn Building.
Ways & Means: The House Ways and Means Committee will mark up the “Fiscal Responsibility and Retirement Security Act of 2011.”
Wednesday, January 18 at 10:00 a.m., 1100 Longworth Building.
DRAFT PROPOALS TO REAUTHORIZE ESEA RELEASED IN HOUSEHouse Committee on Education and the Workforce Chairman John Kline (R-MN) released a pair of draft bills to reauthorize the Elementary and Secondary Education Act (ESEA), currently known as the No Child Left Behind Act. Chairman Kline is pursuing a strategy of considering a series of bills to reauthorize the law, rather than taking up one large bill.
The Committee has already acted on bills that would increase the flexibility of federal education funds, eliminate 41 federal education programs and revise the federal charter school law. The bills introduced on Friday, the Student Success Act and the Encouraging Innovation and Effective Teachers Act constitute the bulk of ESEA reauthorization.
Further information about the House proposals can be found here.
UNEMPLOYMENT RATE DROPS TO 8.5%
The U.S. Department of Labor reported that the nation's unemployment rate fell last month to 8.5%; down from 8.7% in November with employers adding 200,000 jobs last month. The new rate is the lowest level since February 2009. Overall, the economy added 1.6 million jobs in 2011 with the unemployment rate averaging 8.9 percent last year, down from 9.6 percent in 2010.
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