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Fed Chairman Ben Bernanke makes a couple of appearances on Capitol Hill this week to talk about monetary policy and the U.S. economy. Tuesday, Bernanke appears before the Senate Committee on Banking, Housing and Urban Affairs while on Wednesday he addresses the House Committee on Financial Services. Other hearings scheduled include: how mobile apps are moving the economy; a look at the impact of Dodd-Frank on small business; regulatory impediments to job creation and others.
With all eyes on the anticipated House approval of the JOBS Act (the Senate passed a modified version last week 73-26), several hearings are still on our radar screen for the week ahead. Cyber-security gets scrutinized by several subcommittee hearings on the House side while the Senate deals with mobile payments and renewable energy tax incentives among other issues.
The House returns from a short District work period coincides with an increase in activity in the week ahead. The Small Business Committee looks to entrepreneurs to lead economic recovery while Financial Services examines mobile payments and the future of money. On the Senate side, crowdfunding and SBICs highlight the hearings.
Review of the FY 2013 budgets for the Small Business Administration (SBA) and National Institute of Standards and Technology are among the hearings scheduled on the House side. NIST is also on the agenda for the Senate Committee on Commerce, Science and Transportation under the context of strengthening U.S. competitiveness through investments in R&D.
It is a quiet week on Capitol Hill. The House is on recess for the week and will return to session next Monday. Meanwhile, there doesn’t seem to be much activity in the Senate committees we track.
With the holiday season approaching, almost all eyes in Congress are on the fiscal cliff deadline that is now only two weeks ahead. A recent proposal from House Speaker John Boehner with a couple of key concessions have led to a cautious optimism that a deal will be in place before long. In the meantime, the committee hearings schedule on Capitol Hill is quiet on the entrepreneurship front.
As fiscal cliff talks continue amid mutual claims of ‘distrust’ from both parties, other discussions continue on Capitol Hill. The five FCC commissioners are scheduled to appear before the House Committee on Energy & Commerce this week to discuss spectrum auctions and other efforts to meet the soaring demand for wireless broadband services. The auctions were part of the Middle Class Tax Relief and Job Creation Act of 2012 and originated in the House Energy and Commerce Committee as Chairman Walden’s Jumpstarting Opportunity with Broadband Spectrum (JOBS) Act. Other hearings cover the future of NASA, tax incentives to promote energy efficiency and small business recovery efforts following Hurricane Sandy.
Another narrowly focused week lies ahead as the calendar slowly gives way into the final month for Republicans and Democrats to find compromise and avoid a $500 billion mix of tax increases and spending cuts. Leading the way is a Joint Economic Committee hearing on the fiscal cliff itself—scheduled for Thursday. The only other hearing of interest scheduled at this point is on the impact of international tech transfer on American R&D.
The last several weeks of campaigning are finally (and thankfully for most of us) coming to a close with tomorrow’s election. Various polls have the presidential race as too close to call—not surprisingly, both campaigns are predicting victory. You can create and share your own predictions or just follow along tomorrow on CNN’s electoral map. If you are an avid election night junkie like all of us in Washington and want to track the battle to control Congress, we suggest Real Clear Politics maps for the U.S. House of Representatives and U.S. Senate.
All eyes "in Washington" are on the fiscal cliff--well, except for those that are examining the details surrounding Benghazi and the resignation of CIA Director David Petraeus.
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