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 WEEKLY ROUNDUP
COVID-19 Edition
July 12, 2020

        

Committee Holds Virtual Hearing on Alternative Approaches to Protecting Workers’ Pay during COVID-19

On Tuesday, the Subcommittee on National Security, International Development, and Monetary Policy held a hearing entitled, “Paycheck Security: Economic Perspectives on Alternative Approaches to Protecting Workers’ Pay during COVID-19.”

The virtual hearing panelists included:

  • Lisa D. Cook, Professor, Department of Economics, James Madison College, Michigan State University

  • Lily Eskelsen García, President, National Education Association

  • Joseph Stiglitz, Professor of Economics, Columbia University

  • Diego Zuluaga, Associate Director of Financial Regulation Studies, Cato Institute

Committee Holds Virtual Hearing on Challenges for Women- and Minority-Owned Businesses Accessing Capital and Financial Services During the Pandemic

On Thursday, the Subcommittee on Diversity and Inclusion held a hearing entitled, “Access Denied: Challenges for Women- and Minority-Owned Businesses Accessing Capital and Financial Services During the Pandemic.”

The virtual hearing panelists included:

ICYMI: Waters and Wexton Call on HUD to Reconsider Revisions to Equal Access Rule

On June 29, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, and Congresswoman Jennifer Wexton (D-VA) sent a letter to Dr. Ben Carson, Secretary of the U.S. Department of Housing and Urban Development, calling on the agency to reconsider publishing its proposed rule entitled, “Making Admission or Placement Determinations Based on Sex in Facilities Under Community Planning and Development Housing Programs.”

“... it must be the Committee’s responsibility to appeal to the agency to revise its regulation when a Supreme Court decision calls the text of that regulation into question,” the lawmakers wrote. “Given the potential contradictions between the language in the Bostock [Supreme Court] decision and the language in the regulation submitted to us for review, we ask the Department of Housing and Urban Development to reconsider publishing this regulation for public comment before conducting additional legal analysis.”

See the full text of the letter here.


Tweet of the Week

 




Member Spotlight

Congressman Bill Foster (D-IL)

This week, the Congressman Bill Foster (D-IL), Chairman of the House Task Force on Artificial Intelligence, chaired a hearing entitled, “Exposure Notification and Contact Tracing: How AI Helps Localities Reopen Safely and Researchers Find a Cure.”

Watch the virtual hearing here.
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Weekend Reads


Chairwoman’s Corner

Chairwoman Waters’ Statement on Supreme Court Decision on Trump v. Deutsche Bank AG: On Thursday, Chairwoman Waters made the following statement on the U.S. Supreme Court’s decision on Trump v. Deutsche Bank, AG, on whether Congress has the authority to subpoena the President’s financial records:

"Today, the Supreme Court reaffirmed that the President is not above the law. While I had hoped the Court’s decision today would fully endorse the subpoenas our Committee issued and provide us with immediate access to the documents we requested, I remain committed to pursuing this case through the lower courts in accordance with the Court’s ruling. We will continue to make our case, demonstrate that the Committee’s subpoenas meet the four part test the Court laid out, and win. The information sought in the subpoenas issued by the Committee is pertinent, necessary and driven by a clear legislative purpose, and any review will determine that to be the case."

Additionally, Chairwoman Waters appeared on NPR to discuss the Court's ruling. You can read and listen to her interview here.

Sent from the Committee on Financial Services

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