Week ahead: GOP digs into Dodd-Frank reform | Senate panel to vote on Trump Labor pick | CBO to release budget outlook

Republican lawmakers are pushing forward on reforming financial regulations with a series of hearings in the coming week.

The House Financial Services Committee will hold hearings on three portions of Dodd-Frank, the Wall Street reform law that have long been in Republican crosshairs.

They’ll start on Tuesday with a hearing on the way the Financial Stability Oversight Council designates “systemically important financial institutions,” nicknamed “too big to fail.” That will be followed by a hearing on the state of U.S. bank lending, which Republicans argue is hampered by Dodd-Frank.

The Financial Services Committee will cap off the week of hearings with a meeting on the impact of the Volcker Rule, which bans banks from making certain investments and trades with their own assets.

By holding hearings on their high-priority targets for Dodd-Frank reform, Republicans could shed light on how they’ll tackle these issues legislatively.

{mosads}Financial Services Republicans say they’re hoping to have some Dodd-Frank reform legislation on the floor by late April or early May. But with healthcare reform crumbling and other GOP legislative priorities ahead, that timeline could be pushed back.

The Senate will look to pick up work on staffing President Trump’s administration with a Thursday committee vote on Alexander Acosta’s nomination to be Labor secretary.

Acosta, was Trump’s second pick for the post, after fast food CEO Andy Puzder, who withdrew his nomination when it became clear he lacked enough support in the Senate.

Acosta generally sailed through his hearing before a Senate committee on Wednesday.

Also on the hill in the coming week, the Senate Banking Committee will hold a Tuesday hearing on boosting economic growth.

The Congressional Budget Office is also expected to release its long-term budget outlook on Thursday, with less than a month before government funding is set to expire.

Lawmakers and President Trump are both gearing up as a spending fight looms. Trump earlier this month unveiled his budget proposal, but it was met with widespread opposition from both Democrats and many Republicans over its deep spending cuts.

Your week ahead:

Tuesday:

• Senate Banking Committee: Hearing entitled “Fostering Economic Growth: The Role of Financial Companies,” 9:30 a.m. http://bit.ly/2nkZOhH.
• House Financial Services Subcommittee on Oversight and Investigations: Hearing entitled The Arbitrary and Inconsistent Non-Bank SIFI Designation Process,” 10 a.m. http://bit.ly/2nkQxGD.
• House Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies: Budget Hearing – Corporation for Public Broadcasting, 10 a.m. http://bit.ly/2nl7Tmt.
• House Foreign Affairs Committee: Hearing entitled “The Budget, Diplomacy, and Development,” 10 a.m. http://bit.ly/2nl5acP.
• House Financial Services Subcommittee on Financial Institutions and Consumer Credit: Hearing entitled “The State of Bank Lending in America,”      2 p.m. http://bit.ly/2nkRIWl.

Wednesday:

• House Financial Services Subcommittee on “Examining the Impact of the Volcker Rule on the Markets, Businesses, Investors, and Job Creators,” 10 a.m. http://bit.ly/2nl0pQl.
• Senate Commerce Committee: Hearing entitled “Closing the Skills Gap and      Boosting U.S. Competitiveness,” 10 a.m. http://bit.ly/2nl2Oeb.

Thursday:

• Congressional Budget Office releases long-term budget outlook, 10 a.m. http://bit.ly/2nl5vwd.
• Senate Health, Education, Labor and Pensions Committee: Vote on the nomination of Alexander Acosta to be Secretary of Labor, Time TBD http://bit.ly/2nldglI.

Recap the week with Overnight Finance:

• Monday: Biz groups endorse Trump’s Labor pick | New CBO score coming before health bill vote | Lawmakers push back on public broadcasting cuts
• Tuesday: White House backs off stock market boasts as Dow, Nasdaq drop | Trump budget shifts costs to rural voters who elected him | Fight over CEO pay rule heats up
• Wednesday: US preps cases linking North Korea to Fed heist | GOP chair says Dodd-Frank a 2017 priority | Chamber pushes lawmakers on Trump’s trade pick | Labor nominee faces Senate
• Thursday: Senators spar over Wall Street at SEC pick’s hearing | New CBO score for ObamaCare bill | Agency signs off on Trump DC hotel lease

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