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February 2024 Outlook

February 2024 Outlook

It’s Groundhog Day in Washington D.C. as lawmakers have once again punted government funding until March 1st and March 8th, respectively. Like last month, we expect the appropriations process to be top of mind for lawmakers, especially given the restrictive February legislative calendar—both the House and Senate are in session for only 10 days this month, and only six days at the same time. Aside from the appropriations process, Congress will also try to address a number of other looming priorities, such as the border funding and Ukraine supplemental package, the bipartisan tax package, and reauthorizing the Federal Aviation Administration (FAA) and the National Flood Insurance Program (NFIP).

Aside from these issues, Congress will continue its regular cadence of Congressional hearings, with Treasury Secretary Yellen testifying before the Senate Banking and House Financial Services Committees in her FSOC capacity next week. Additionally, financial regulators will continue to pursue their agendas, working to finalize rulemakings before the presumed Congressional Review Act (CRA) deadline, which is expected in June.

RFA provides our perspective on notable legislative, regulatory, and administrative activity for the February work period below.