Hill Heat

Full committee markup of various bills, including:

• H.Res. 683, expressing support for the diplomatic relations required to encourage the Government of Mexico to fulfill its water deliveries on an annual basis to the United States under the treaty between the United States and Mexico regarding the utilization of the Colorado and Tijuana Rivers and of the Rio Grande, because farmers in south Texas are experiencing water shortages

U.S. Senator Jacky Rosen (D-Nev.), Chair of the Subcommittee on Tourism, Trade and Export Promotion, will convene a subcommittee hearing titled “Sustainable Tourism for a Thriving Economy” on Tuesday, November 7, 2023, at 10:00 AM ET.

Fostering resilient and sustainable travel and tourism is a primary goal of the Department of Commerce’s 2022 National Travel and Tourism Strategy, as well as the main recommendation from the Travel and Tourism Advisory Board. This hearing will examine how to build a sustainable travel and tourism sector that integrates protecting natural resources, supporting the tourism economy and ensuring reasonable development. Additionally, the hearing will focus on how to balance the needs of businesses, visitors and local communities to support sustainable tourism, including businesses centered around outdoor recreation.

Witnesses:

• Julie Regan, Executive Director, Tahoe Regional Planning Agency
• Jean Garris Hand, Global ESG and Head of Sustainability, Hilton
• Amy Allison, Director, Western North Carolina: Made by Mountains Partnership

On Tuesday, November 7, 2023, at 10:00 a.m. in Room 2128 of the Rayburn House Office Building, the Financial Services Subcommittee on Financial Institutions and Monetary Policy will hold a hearing titled “The Tangled Web of Global Governance: How the Biden Administration is Ceding Authority Over American Financial Regulation.”

Witnesses:

• Thomas Hoenig, Distinguished Senior Fellow, Mercatus Center, George Mason University
• Christina Parajon Skinner, Assistant Professor of Legal Studies & Business Ethics, Wharton School, University of Pennsylvania
• Bryan Bashur, Director of Financial Policy, Americans for Tax Reform
• Renita Marcellin, Advocacy and Legislative Director, Americans for Financial Reform

On July 27, 2023, the Federal Reserve, FDIC, and OCC jointly issued a Notice of Proposed Rulemaking that would implement the so-called Basel III Endgame recommendations of the Basel Committee on Banking Supervision (BCBS). Those federal banking agencies also issued proposed principles for financial institutions’ management of exposures to climate-related financial risks, following recommendations of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), recommendations of the Financial Stability Oversight Council (FSOC), and an Executive Order by President Biden.

The full committee holds a hearing on tax-advantaged retirement plans and environmental, social, and governance investing entitled “Ensuring that ‘Woke’ Doesn’t Leave Americans Broke: Protecting Seniors and Savers from ESG Activism.”

Chairman Jason Smith (R-Mo.)

Witnesses:

• Preston Rutledge, Principal and Founder, Rutledge Policy Group, LLC
• Jason Isaac, Director, Life:Powered
• Marlo Oaks, State Treasurer, Utah
• Mason Bolay, Senior Vice President, First Bank & Trust Company
• Brandon Rees, Deputy Director, AFL-CIO Office of Investment

In the midst of the climate crisis it is more important that we come together to discuss actionable solutions, climate policies, and the importance of environmental equity. Join Clean Water Action and the Michigan Alliance for Justice in Climate in Dearborn Sunday November 5th for live music, community art, and a just transition fair while connecting with your community!

RSVP

Featuring:

• Rep. Jason Morgan, 23rd House District
• Rep. Dylan Wygela, 26th House District

Community leaders and advocates from

• Michigan Alliance for Justice in Climate
• Clean Water Action
• Detroit People’s Platform
• Rent Too Damn High
• & more

+ a special surprise guest!

UAW Local 600 1500 Dix Avenue Dearborn MI 48120

We all deserve communities free of pollution, affordable and reliable power, dignified and meaningful jobs, and neighborhoods where we can live in peace and security. Join us on November 5th as we call on President Biden and our Michigan state government to make bigger and bolder investments that keep our communities safe and healthy!

The Green New Deal rally will start at 2:00pm EST and be preceded by a Just Transition Fair at 12:30pm EST and a community art build & musical performances at 1:00pm EST.

RSVP

Open hearing of the Committee on Foreign Affairs.

Members of Congress, Delegates, and the Resident Commissioner will have the opportunity to testify before the Committee on proposed legislation within its jurisdiction.

On November 2, in Room 2128 of the Rayburn House Office Building, the Subcommittee on Housing and Insurance will hold a hearing entitled, “Factors Influencing the High Cost of Insurance for Consumers.”

Rescheduled from October 24.

Hearing memo

Legislation

• H.R. 5535, the “Insurance Data Protection Act”, to prohibit the Federal Insurance Office of the Department of the Treasury and other financial regulators from collecting data directly from an insurance company
• H.R. 2933, the “Federal Insurance Office Elimination Act”
• H. Res. ___, Expressing the continued support of Congress for the McCarran-Ferguson Act and its State-based regulatory system for the business of insurance

Witnesses:

• Robert Gordon, Senior Vice President, American Property and Casualty Insurance Association (APCIA)
• Frank Nutter, President, Reinsurance Association of America (RAA)
• Grace Arnold, Commissioner, Minnesota Department of Commerce, on behalf of National Association of Insurance Commissioners (NAIC)
• Joseph Petrelli, President and Co-Founder, Demotech, Inc.
• Baird Webel, Specialist in Financial Economics, Congressional Research Service (CRS)
• Dr. Carolyn Kousky, Associate Vice President, Economics and Policy Analysis, Environmental Defense Fund

The Committee on Natural Resources will hold a Member Day hearing on, Thursday, November 2, 2023, at 10:15 a.m. EDT in 1324 Longworth House Office Building.

Members are encouraged to testify on issues within the Committee’s jurisdiction, including specific legislation or topics of importance to them and their constituents.

Members who wish to appear before the Committee are asked to notify Sophia Varnasidis, Director of Legislative Operations, [email protected] by 5:00 p.m. Tuesday, October 31. Members are requested to submit their statements to Sophia Varnasidis, [email protected] by 10:00 a.m., Wednesday, November 1, 2023.

Rescheduled from October 11.

The purpose of this hearing is to examine the opportunities and challenges in deploying carbon capture utilization and sequestration and direct air capture technologies on federal and non-federal lands.

Witnesses:

• Brad J. Crabtree, Assistant Secretary for Fossil Energy and Carbon Management, U.S. Department of Energy
• Bruno Pigott, Principal Deputy Assistant Administrator, Office of Water, U.S. Environmental Protection Agency
• Erin Burns, Executive Director, Carbon180
• Lily R. Barkau, P.G., Groundwater Section Manager, Water Quality Division, Wyoming Department of Environmental Quality

Subcommittee hearing entitled: “Examining the SEC’s Agenda: Unintended Consequences for U.S. Capital Markets and Investors.”

Witnesses:

• Dr. S.P. Kothari, Gordon Y Billard Professor of Accounting and Finance, MIT Sloan School of Management
• Dalia Blass, Partner, Sullivan & Cromwell LLP
• Tom Quaadman, Executive Vice President, Center for Capital Markets Competitiveness, U.S. Chamber of Commerce
• Ken Bentsen, President and CEO, SIFMA
• Amy Borrus, Executive Director, Council of Institutional Investors