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This Week in Congress: A Balanced Budget Amendment & Revising the Volcker Rule

by Countable | Updated on 4.13.18

Congress returns this week from its two week spring recess for Easter and Passover with votes on a balanced budget amendment to the Constitution and several bills dealing with financial regulations on the agenda.

The House convenes Tuesday when it will consider five bills, including one to increase the prison term for people convicted of stalking minors. Wednesday will feature votes on bills to make the process of designating banks as systemically important more transparent and requiring banks to do one stress test per year instead of two. The House will vote Thursday on a balanced budget amendment to the Constitution, before concluding its week Friday after voting on a bill to simplify the process of banks’ compliance with the Volcker Rule.

The Senate convenes Monday when it will take a procedural vote to limit debate on the nomination of Claria Boom to be a U.S. District Judge for the Eastern and Western Districts of Kentucky. It will likely vote on her confirmation by the end of the day Tuesday. The Senate’s schedule for the remainder of the week is yet to be announced.

Check here throughout the week to see the vote results and updates to the schedule.

Schedule subject to change. All times Eastern.

House

Monday

  • No votes are expected.

Tuesday after 12pm (all suspensions)

  • H.R. 4203: Combat Online Predators Act, as amended Passed 409-2.

  • H.R. 2219: End Banking for Human Traffickers Act of 2018, as amended Passed 408-2.

  • H.R. 4921: STB Information Security Improvement Act Passed by voice vote.

  • H.R. 4925: FRA Safety Data Improvement Act mark>Passed by voice vote.

  • H.Res. 128: Supporting respect for human rights and encouraging inclusive governance in Ethiopia, as amended mark>Passed by voice vote.

Wednesday after 12pm

  • H.R. 4293: Stress Test Improvement Act of 2017 Passed 245-174.

  • H.R. 4061: Financial Stability Oversight Council Improvement Act of 2017 Passed 297-121.

Thursday after 12pm

  • H.J.Res. 2: Proposing a balanced budget amendment to the Constitution of the United States Failed 233-184 (2/3 majority required).

Friday between 9am and 3pm

  • H.R. 4790: Volcker Rule Regulatory Harmonization Act Passed 300-104.

Senate

Monday after 5:30pm

  • Cloture vote on the nomination of Claria Boom to be U.S. District Judge for the Eastern and Western Districts of Kentucky Invoked 96-2.

Tuesday after 12:10pm

  • Confirmation vote on the nomination of Claria Boom to be U.S. District Judge for the Eastern and Western Districts of Kentucky Confirmed 96-1.
  • Cloture vote on the nomination of John Ring to be a Member of the National Labor Relations Board Invoked 50-47.

Wednesday after 12:20pm

  • Confirmation vote on the nomination of John Ring to be a Member of the National Labor Relations Board Confirmed 50-48.
  • Cloture vote on the nomination of Patrick Pizzella to be Deputy Secretary of Labor Invoked 50-48.

Thursday after 9:30am

  • Confirmation vote on the nomination of Patrick Pizzella to be Deputy Secretary of Labor Confirmed 50-48.
  • Cloture vote on the nomination of Andrew Wheeler to be Deputy Administrator of the Environmental Protection Agency Invoked 53-45.
  • Confirmation vote on the nomination of Andrew Wheeler to be Deputy Administrator of the Environmental Protection Agency Confirmed 53-45.
  • Cloture vote on the nomination of John Broomes to be U.S. District Judge for the District of Kansas Invoked 74-24.
  • Confirmation vote on the nomination of John Broomes to be U.S. District Judge for the District of Kansas Confirmed by voice vote.
  • Cloture vote on the nomination of Rebecca Jennings to be U.S. District Judge for the Western District of Kentucky Invoked 94-2.
  • Confirmation vote on the nomination of Rebecca Jennings to be U.S. District Judge for the Western District of Kentucky Confirmed by voice vote.

Friday

  • No votes are scheduled.

You can tell your reps how to vote on this week's bills using the "Take Action" button.

— Eric Revell

Countable

Written by Countable

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(53)
  • Nancy
    04/08/2018
    ···

    If a country cannot afford to educate future generations, build bridges and provide healthcare, what exactly are we defending with a huge military budget? No stealing from the poor to give $$$ to donors who don’t need it, no matter what they say.

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  • Michael777
    04/09/2018
    ···

    Oh, come on! Republicans want to pass a "Balanced Budget" Amendment right after they blasted a $1.5 trillion hole into the deficit with their Tax Scam Bill? Don't make us laugh! Quit this political posturing and do your jobs like real adults.

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  • NoHedges
    04/08/2018
    ···

    I would like Congress members to keep in mind they did not inherit the earth they are borrowing it from their children and their grandchildren

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  • burrkitty
    04/08/2018
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    Wasting the whole week again, I see. The “Balanced Budget” amendment is the most disingenuous piece of cow excrement I’v seen in a while. Republicans wailing about the budget after they caused TRILLIONS in deficits with that disgusting giveaway to the wealthy and to corporations. Deregulation on banks to allow them to steal more money. They are all lies out of the mouths of evil stained republican red with the lifeblood of normal people. We will vote you all out. #BlueWave

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  • SneakyPete
    04/08/2018
    ···

    “Financial Stability Oversight Council Improvement Act” I’m in favor in the passage of H.R. 4061 (Financial Stability Oversight Council Improvement Act of 2017) a bipartisan common sense bill, would address the shortcomings of the process used by the Financial Stability Oversight Council, to designate non-bank financial institutions as “systemically important” and give firms a chance to respond. The bill amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, in determining whether a nonbank financial company shall be designated as systematically important and consequently be supervised by the Federal Reserve Board and subject to prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. I’m of the view that the oppositions view that the bill will bog down the Financial Stability Oversight Council and its process of designating large, non-bank financial institutions as “systemically important” — putting the financial sector at risk of another crash, is just another Democratic ploy of hindering another Republican attempt to improve the legislative process. 4*8*18. BALANCED BUDGET AMENDMENT” There has been and continues to be, a strong need for a balanced budget amendment to the Constitution. Such an amendment is the best way to constrain spending, and get the federal budget, under control. The federal government has been from time immortal, has lived beyond its means for far too long, racking up a national debt exceeding $20 trillion that will have to be paid by future generations. We’ve seen Administrations on both sides of the isle, using their “TAX & SPEND” mentality to fulfill their political goals to retain voters on their side. “Thought of the day” ““Let us not seek the Republican answer or the Democratic answer, but the right answer. “. - John F. Kennedy ”. 4*8*18.

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  • SneakyPete
    04/08/2018
    ···

    “A week of Action OR In Action”. Hopefully we will be seeing bi-partisan cooperation and not seeing Obstructionist activities on the part of our Democratic members on the left. We need to see more cooperation between the members of both parties in the Halls of Congress resulting in legislation being passed with compromise of agendas. Come on folks, on both sides, it’s not your way or the highway BUT the people’s way that matters. 4*8*18.

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  • Bill
    04/09/2018
    ···

    We can balance the budget by increasing taxes on the most wealthy and on financial transaction, and by eliminating tax loopholes, tax gimmicks and tax dodges tailored for specific corporations and industries.

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  • HockeyGuy
    04/08/2018
    ···

    Virtually ANYTHING the Republicans propose is not good for the working class! Stop this dysfunctional idea of bi-partisanship with the Republicans. It is not working at the moment, Republicans must own 100% of the current mess in our country. We cannot and should not contribute to this mess, such as how Heidi Heidkampt plans to vote for another EPA Wacko!!!

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  • Joane
    04/08/2018
    ···

    What?! Now that they've given millions and millions to the upper 1% in tax cuts they suddenly want to balance the budget? Fools! It will all be on the backs of the middle class and lower! Do not touch S.S. Or Medicare! Create a single payer health care system!

    Like (7)
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  • Azrael
    04/08/2018
    ···

    One more thing; not one of my employees should be in any building without a functioning sprinkler system, alarm system and backup call center If you allow our employees in trump towers someone fromOSHA should investigate and shut the building down

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  • B
    04/09/2018
    ···

    Balanced budget on the agenda after passing a giveaway to the most wealthy? Is this how stupid you think your constituents are? This is one of the reasons I’m a former Republican!

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  • John
    04/09/2018
    ···

    No “balanced budget” amendment. It is a stupid idea. That must be why the Repugnacants embrace it.

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  • Jerrey
    04/09/2018
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    Though I support the concept and wish it were reality, this is a meaningless political stunt. Considering the biggest peacetime deficit increase in the debt by the “fiscally responsible” party it is grossly hypocritical as well. Stop with the disingenuous votes and forge something meaningful. Do all legislators think their constituents are ignorant sheep?

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  • Cassie
    04/09/2018
    ···

    We need government for the people not only the top 1% of the people -only way to balance the budget with this massive tax cut for the wealthy would be cutting social safety programs or the military - and everyone knows they won’t touch the military budget so all the poor and middle class you’re in for a big hit to “balance the budget”

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  • RadicalModerate
    04/08/2018
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    John Katko is out of touch with his constituents in this gerrymandered NY24TH district. Professor Dana Balter for Congress 2018.

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  • Blake
    04/08/2018
    ···

    Do your job. Vote on all the stalled out bills. If not get out!

    Like (4)
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  • David
    04/08/2018
    ···

    CUT SPENDING. ANY NON ESSENTIALS MUST BE ELIMINATED!

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  • John
    04/08/2018
    ···

    This is an absolute must. Stop borrowing. Stop giving away money. Figure out the tax revenue, pay our debt, and run our country on that.

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  • Cheryl
    04/08/2018
    ···

    I’m scared! I live on social security and go to the doctor 8 times a year with Medicare and Tricare with all these cuts to the social safety net I will probably end up homeless if this balance budget amendment passes!

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  • Bernie
    04/08/2018
    ···

    To date Republican debt is Trumps 1.1 plus HWs 1.5, Bush’s 4.2, Reagan’s 2.2. The rest is Bills: ~2t and Barama’s 10t. Yeah, that’s right. Barry spent more than every US President combined. Yet people for whom politics began in 2016 lecture. History of Now.

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