TSCA Reform, Moniz in the House, and Energy Tax Reform Priorities Up For Debate

Wednesday in Washington

Recess One Day Closer…

The House will be considering a large number of bills today on the floor.  These include: H.R. 2711, the Citizen Empowerment Act; H.R. 2579, the Government Employee Accountability Act; H.R. 1660, the Government Customer Service Act; H.R. 313, the Government Spending Accountability Act; H.R. 1541, the Common Sense in Compensation Act; H.R. 2565, the STOP IRS Act; H.R. 2769, the Stop Playing on Citizen’s Cash Act; H.R. 2768, the Taxpayer Bill of Rights Act of 2013;H.R. 1897, the Vietnam Human Rights Act; H.R. 850, the Nuclear Iran Prevention Act;  H.Res. 222, the Recognizing the long-term partnership and friendship between the United States and the Hashemite Kingdom of Jordan; H.R. 1911; the Bipartisan Student Loan Certainty Act of 2013; H.R. 367, the Regulations From the Executive in Need of Scrutiny Act of 2013; and H.Con.Res 41, Encouraging peace and reunification on the Korean Peninsula.  The House will also complete consideration of H.R. 2610, the FY 2014 Transportation, Housing and Urban Development Appropriations Act, and begin consideration of H.R. 1582, the Energy Consumers Relief Act of 2013.

The Senate will be attempting complete work on S. 1243, the FY 2014 Transportation, Housing, and Urban Development Appropriations Act.  Senator Reid filed cloture on the bill yesterday in hopes of bringing debate on the bill to a close and moving on to a number of nominations.  The Senate still intends to bring up the Shaheen-Portman Energy Efficiency bill (S. 761) before the recess, but numerous reports indicate that consideration of the bill and a number of amendments to the legislation may not occur until after the August recess.

Of particular interest today will be the hearing on TSCA in the EPW Committee and Moniz’ Testimony before the House Energy and Commerce Committee on Nuclear Waste Disposal.

Other Items of Interest

Energy and Commerce Members Question EPA Hydraulic Fracturing Studies:  Members of the House Energy and Commerce Committee sent a letter to EPA Administrator Gina McCarty seeking information related to the agency’s study of hydraulic fracturing and groundwater contamination. According to the press release, the Members are specifically interested in how EPA’s experiences with site-specific studies at Pavillion, Wyoming, Parker County, Texas, and Dimock, Pennsylvania, are shaping the agency’s ongoing and comprehensive Hydraulic Fracturing Study.

Chairman Upton Responds to President Obama’s Dismissal of Jobs Created By Keystone XL: Rep. Fred Upton (R-MI), Chairman of the House Energy and Commerce Committee, respondedto President Obama’s recent comments belittling the job creation associated with the Keystone XL pipeline.  The Chairman noted the Administration’s own numbers on the jobs created by the project, the support of manufacturers and labor alike, and said the President’s comments “reveal a fundamental misunderstanding of the ‘all of the above’ approach he so desperately tried to co-opt.”

Senate Nuclear Waste Disposal Legislation Takes Step Forward:  The Senate Energy and Natural Resources Committee held a hearing to consider the Nuclear Waste Storage Act of 2013.  The bipartisan proposal has the support of key Members of the Committee and the Senate.  The sponsors hope the bill will be able to move through committee and to the Senate floor later this fall.

FERC and JP Morgan Reach Historic Settlement of Energy Market Manipulation:  The Federal Energy Regulatory Commission announced the approval of $410 million in penalties and disgorgement to ratepayers for allegations of market manipulation stemming from the company’s bidding activities in electricity markets in California and the Midwest from September 2010 through November 2012. Under the agreement, JPMVEC will pay a civil penalty of $285 million to the U.S. Treasury and disgorge $125 million in unjust profits. The first $124 million of the disgorged profits will go to ratepayers in the California Independent System Operator (California ISO), which operates the California electricity market. The other $1 million will go to ratepayers in the Midcontinent Independent System Operator (MISO).

President Releases Corporate Tax Reform Plan: President Obama announced his plan for reforming the tax code to simplify the code and encourage economic growth.  The basics of the plan include lowering corporate tax rates to 28%, manufacturing tax rates no higher than 25%, simplifying filing for small businesses, and removing incentives for businesses to relocate overseas.

Important Events and Hearings

Strengthening TSCA:  Today at 9:30 in 406 Dirksen, the Senate Energy and Public Works Committee will hold a hearing entitled: “Strengthening Public Health Protections by Addressing Toxic Chemical Threats.”  The testimony and a live webcast of the hearing can be found here.

Fossil Fuel R&D:  Today at 1:30 PM at the Department of Energy, the Energy Department will hold a meeting of the Loan Programs Office to receive comments on the draft of a potential future solicitation announcement for Federal Loan Guarantees for Advanced Fossil Energy Projects. The contact for the meeting is David Frantz, who can be reached atDraftLPOFossilSoliciationComments@hq.doe.gov.  They ask that participants RSVP at least two days prior to the meeting.

DOE’s Nuclear Waste Disposal Strategy:  Today at 2 PM in 2123 Rayburn, the House Energy and Commerce Committee Environment and the Economy Subcommittee will hold a hearing on “Oversight of DOE’s Strategy for the Management and Disposal of Used Nuclear Fuel and High-Level Radioactive Waste.” Energy Secretary Ernest Moniz will testify.  Additional information can be found on the Committee’s website at: http://energycommerce.house.gov.

Principles of Energy Tax Reform:  Today at 2:30 PM in 215 Dirksen, the Senate Finance Committee will hold a full committee hearing on “Powering Our Future: Principles for Energy Tax Reform.” Phyllis Cuttino, director for clean energy at the Pew Charitable Trusts; Dan Reicher, executive director of the Steyer-Taylor Center for Energy Policy and Finance at Stanford University, professor at Stanford Law School, and lecturer at the Stanford Graduate School of Business; Will Coleman, partner at OnRamp Capital, San Francisco, Calif.; and Margo Thorning, senior vice president and chief economist at the American Council for Capital Formation, will testify.  Additional information about the hearing can be found here.

Contact Information

If you have any questions, please contact me anytime. Previous updates and new Member profiles can be viewed at HBW Resource’s new Intelligence Tab at: https://hbwresources.com/intelligence/. Hope you all have a great day.

Thanks,

Michael Zehr
HBW Resources
1666 K Street, NW, Suite 500
Washington, DC 20006
Direct: 202-429-6081
Cell: 202-277-3927
E-mail: mzehr@hbwresources.com
Twitter: @mzehrhbw