On the recordJune 10, 2010
In addition to the legislation I have announced for next week--the Small Business Lending Act, the DISCLOSE Act, and the supplemental--we will also consider in the future a Wall Street reform conference report. As the gentleman knows, the conference is having its first session today as an open conference, full participation. I expect that to hopefully conclude within the next few weeks, perhaps sooner. And I expect to have that bill on the floor and to the President by the July 4 break. In addition to that, we have the American Jobs and Closing Tax Loopholes Act, which is being considered by the Senate now. We passed this bill, as you know, 2 weeks ago. The Senate, however, had left town, and they could not take action to extend unemployment benefits and to preclude cuts to Medicare payments to ensure seniors would get their doctors. I know the Senate is now working on this bill. And if they amend it, we will look at that and see what House action might be necessary. In addition, we are looking at a budget resolution. We are still working with Chairman Spratt on a budget resolution that shows we have cognizance of the concerns that all of our Members have, A, about the deficit and also about constraining spending. As the gentleman knows, the President has sent to us a budget that for nondefense, nonsecurity spending is frozen not only for this year but for 2 years to come. So we are considering that.
