A proposal to replace an Obama-imposed WOTUS rule should be out by December, according to the first federal regulatory agenda issued by the Trump administration, but no word on when the repeal will take place.
Senate panel approved an ag spending bill for fiscal 2018, including language requiring genetically engineered salmon be labeled and allowing cotton growers to qualify for commodity support programs.
House committee action on a budget resolution, a deferred Senate vote, again, on the lingering health-care reform bill, and NAFTA 2.0-related developments are the focal points in Washington this week.
Addressing trade issues and provisions to bring down the U.S. trade deficits with Mexico and Canada have been released by the Trump administration as objectives to improve NAFTA.
Bloomberg reports U.S. soybeans are part of any China trade retaliation plan if President Trump unveils trade sanctions against them. Meanwhile, three CFTC nominees move to the Senate, and an update on USDA nominees.
The House will depart for the summer recess once its weekly agenda is completed while the Senate will remain in session another two weeks. The FOMC has a two-day meeting ending Wednesday.
Sen. McCain returns as the Senate gears up for a key health-care procedural vote. Meanwhile, GOP leaders mull whether they want a minibus or omnibus regarding spending bills.
