This Week In Washington…
After an historic week in which the Supreme Court sided with President Obama on Obamacare, upheld gay marriage, and Congress backed the administration on international trade, 50% of Americans approve of the way Obama is handling the presidency for the first time in more than two years. Looking Ahead: This can only bode well for Democrats in the 2016 election, including frontrunner Hillary Clinton.
As expected, New Jersey Gov. Chris Christie joined the race for the Republican presidential nomination and immediately hit the campaign trail in New Hampshire. Louisiana Gov. Bobby Jindal also jumped in. Looking Ahead: Christie is squarely focused on the Granite State, where he must do well if his candidacy is to gain traction. Ten things Christie needs to do to win.
The United States and Cuba announced the reopening of embassies in Washington and Havana for the first time in more than half-a-century. Obama said the embassies will open July 20. Looking Ahead: Ferry service between the two countries is expected soon and U.S. businesses are watching developments closely.
The charter of the Export-Import Bank, which helps U.S. businesses export their products, has expired for the first time since 1934, much to the glee of its conservative opponents who see it as wasteful. Looking Ahead: One opponent cautioned that Democrats might try to sneak reauthorization language into future legislation.
Smarting from last week’s Supreme Court decisions on Obamacare and same-sex marriage, presidential contender Sen. Ted Cruz (R-Tex.) has proposed a constitutional amendment that would subject Supreme Court justices to periodic judicial elections. Looking Ahead: This proposal has virtually no chance of advancing.
The Law: Proposed Rulemakings
- The National Credit Union Administration is proposing amendments to its member business loans rule to provide federally insured credit unions with greater flexibility and individual autonomy in providing commercial and business loans to serve their members.
- The Securities and Exchange Commission is publishing guidance to clarify how it will interpret the terms “spouse” and “marriage” in light of the Supreme Court’s ruling in United States v. Windsor, a 2013 same-sex marriage case.
- The Securities and Exchange Commission has set a July 31 compliance date for rules regarding political contributions by certain investment advisers and the ban on third-party solicitation.
Resources: A quick and easy way to get info fast:
- For more on federal government rulemaking, visit the Federal Register
- Want to follow the 2016 presidential sweepstakes? All the polling data you’ll need is a click away.
- Get the latest from the declared presidential candidates from their campaign websites: Democrat Hillary Clinton, Martin O’Malley and Bernie Sanders and Republicans Ted Cruz, Rand Paul, Marco Rubio, Mike Huckabee, Carly Fiorina, Ben Carson, Rick Santorum, George Pataki, Rick Perry, Lindsey Graham, Jeb Bush,Donald Trump, Bobby Jindal and Chris Christie
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