Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session.

HEADLINES

• President Joe Biden plans to meet again tomorrow with congressional leaders to continue negotiations to raise the debt limit and prevent a potentially catastrophic default.
• Committees on both sides of the Capitol will dig into the collapses earlier this year of Silicon Valley Bank and Signature Bank.
• Biden will begin a trip to Japan, Papua New Guinea and Australia.

HOUSE

• The House will vote tonight through Thursday, focusing on legislation supporting police officers during National Police Week.
• Tomorrow, the House Financial Services Committee will hold an oversight hearing with federal financial regulators, followed by a Wednesday hearing examining the failures of Silicon Valley Bank and Signature Bank with the banks’ former executives.
• hearing titled “Leveling the Playing Field: How to Counter the Chinese Communist Party’s Economic Aggression.”

• The full list of committee meetings can be found here.

SENATE

• The Senate will be in session all week, continuing consideration of Biden’s nominees.
• The Senate Appropriations Committee tomorrow will hold a hearing on the U.S.-China relationship, with testimony from Secretary of State Antony Blinken, Defense Secretary Lloyd Austin, and Commerce Secretary Gina Raimondo.
• The Senate Banking Committee on Tuesday will hear from the former Silicon Valley Bank and Signature Bank executives, followed by a Thursday hearing with financial regulators.
• Additional Senate committee meetings can be found here.

WHITE HOUSE

• Biden plans to meet with congressional leaders tomorrow after some apparent progress in staff-level negotiations.
• The president will also mark Jewish American Heritage Month tomorrow at the White House.
• Wednesday, Biden will begin a weeklong trip to Asia, beginning with a bilateral meeting in Hiroshima with Japanese Prime Minister Fumio Kishida.

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