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Congress is in recess with members back in their home states and districts as they focus on campaign work over the next several weeks. They will return to Washington at some point after the November 6 election.
Following the Independence Day holiday, members of Congress have a full slate of hearings in the week ahead. Included is a look from the House Committee on Oversight & Government Reform at the impact on entrepreneurs of the Supreme Court decision validating the Patient Protection and Affordable Care Act. Other hearings cover topics including: commercializing NASA technologies; mobile payments; renewable energy; regulatory reform and more.
Last week, Fed Chairman Ben Bernanke gave a sobering review of the U.S. economy. This week, a number of Congressional hearings continue to address the underlying issues--like the impact of Dodd-Frank and the 10th anniversary of Sarbanes-Oxley--as well as the potential in cloud computing and commercializing research from the international space station.
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.
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