Congress
The headache that won’t go away for Mike Johnson
An arcane financial policy idea that conservatives love to hate has become a perpetual nightmare for House Speaker Mike Johnson.
House Republicans have been pushing legislation for years that would ban the Federal Reserve from creating a central bank digital currency. Republican hardliners have repeatedly pushed to ban a CBDC in key bills that require Democratic support in the Senate to pass, imperiling their path forward.
Conservatives secured their biggest victory on the issue yet Wednesday after convincing GOP leaders to combine the digital currency ban with a bill reauthorizing government spy powers set to expire Thursday. That’s setting up a major clash with the Senate, where Democrats oppose a CBDC ban and Majority Leader John Thune has warned that a combined bill is “dead on arrival.”
House hardliners’ anti-CBDC crusade has contributed to the growing dysfunction among House Republicans. The issue is also bewildering to Senate Republicans, who don’t want the push to imperil other legislation.
“I understand if there is a fear out there on it, but right now we’ve got some other fish to fry, and we need their help to get these other issues done,” said Sen. Mike Rounds (R-S.D.), a senior member of the Senate Banking Committee. “Let’s take the wins that we can get.”
The House on Wednesday approved an extension of a key section of the Foreign Intelligence Surveillance Act that will be combined with a CBDC ban before being sent to the Senate. The combined measure is unlikely to clear the upper chamber, and it’s unclear how lawmakers will extend the spy powers before they expire at the end of the month.
Conservative hardliners say a CBDC would lead to government financial surveillance and suffocate private-sector innovation in the crypto industry. The ban has been a priority of the House Freedom Caucus this congress.
“It’s a worthwhile cause,” Rep. Warren Davidson (R-Ohio) said of the ban. “It’s the creepiest surveillance tool ever developed.”
The trouble for Johnson started last July when conservative hardliners froze the House floor, demanding that the CBDC ban be included as part of a larger crypto measure. To resolve a standoff over the demand, Johnson promised the House Freedom Caucus that the ban would be attached to a must-pass defense authorization bill later that year — a pledge he later broke.
The issue created another snag when GOP hardliners said a temporary ban included in a now-stalled Senate housing package didn’t go far enough, threatening to tank the bill if it came to the floor. Now FISA’s fate is wrapped up in the issue.
Johnson told reporters Wednesday that “the Senate knows exactly what we’re doing, of course.”
“They’re watching this very closely, and hopefully they can process what we send them,” Johnson said.
The vast majority of Republicans support the CBDC ban. However, most don’t think the issue should hold up other major legislative party priorities.
Rep. Andy Barr (R-Ky.), a senior House Financial Services Committee member, said the ban was an “important issue” but “shouldn’t prevent us from making progress in other areas.”
Another senior House Financial Services Committee member, Bill Huizenga (R-Mich.), said that he wants a ban “probably more than a lot of folks do” but that “people are not necessarily using the proper time, proper place” to push the policy.
Sen. Mitch McConnell remains hospitalized, his office said in a statement Thursday — without offering details about a recent medical episode that has renewed concern about the health of the former Republican majority leader.
McConnell “continues his recovery in the hospital” and “continues to improve,” his office said.
“Senator McConnell appreciates the outpouring of support he’s receiving while he continues his recovery in the hospital,” the statement said. “The Senator continues to improve, and is working closely with his staff on Kentucky and Senate matters while the Senate is out of session.”
The statement did not explain why he was hospitalized last month.
The update comes after multiple outlets reported details of a first responder dispatch call indicating emergency medical personnel responded to McConnell’s home last month to treat an unconscious person who had experienced “cardiac arrest.”
Blue Light News has not independently verified the dispatch call.
The 84-year-old senator, who is retiring at the end of this term, has experienced multiple medical incidents in recent years. On two occasions in 2023, he froze while speaking with reporters. He has also suffered multiple falls and temporarily used a wheelchair, a move his office described at the time as a precautionary measure.
Congress
House Ethics says it doesn’t have information to share on lawmaker sexual misconduct settlements
The House adopted a resolution Tuesday requiring the House Ethics Committee to release information on taxpayer funds used to pay out sexual misconduct settlements with lawmakers — but the committee now says it has no information it can share.
In a statement Thursday, the committee reiterated it does not manage sexual harassment lawsuits or their settlements; taxpayers have not footed the bill for those payments since 2018.
Since that time, according to the statement, “the Committee has not been notified of any awards or settlements relating to allegations of sexual harassment, sexual abuse, or other sexual misconduct by a Member.”
Instead, the bipartisan Ethics Committee said it was up to the Office of Congressional Workplace Rights to publicly release a list of each member who has received settlements for sexual misconduct allegations, as mandated by the resolution championed by Rep. Thomas Massie (R-Ky.).
The committee, in the Thursday statement, said it “fully supports the release of information about sexual misconduct settlements and calls on OCWR to abide by [the resolution] and make publicly available information about Member sexual misconduct matters resulting in payment of taxpayer funds.”
Massie, in a text message Thursday, said “OCWR can release it.”
The OCWR did not immediately respond to a request for comment.
The bipartisan Ethics Committee has been under pressure in recent months to show it takes allegations of sexual misconduct against colleagues seriously. Two former House members — Eric Swalwell (D-Calif.) and Tony Gonzales (R-Texas) — were forced to resign earlier this year amid serious accusations against them.
The renewed reckoning has prompted new questions about whether the House is up to the task of policing its own. The resolution earlier this week was adopted nearly unanimously, with just one member, Rep. Nancy Mace (R-S.C.), voting “present.”
House Ethics Chair Michael Guest (R-Miss.) said in an interview earlier this week that while he would support Massie’s resolution, the relevant “information was already out in the public domain.”
Meredith Lee Hill contributed to this report.
Rep. Alexandria Ocasio-Cortez (D-N.Y.) endorsed Abdul El-Sayed’s campaign for Michigan’s open Senate seat on Thursday, a decision that comes as progressives look to capitalize off a series of recent high-profile primary victories in New York, Colorado and elsewhere.
Her endorsement could provide El-Sayed with a critical boost just over a month before the state’s Aug. 4 primary. The former public health official is locked in a heated contest against Rep. Haley Stevens (D-Mich.) and state Sen. Mallory McMorrow for the right to take on Republican Mike Rogers in the general election.
It also comes as El-Sayed has risen to the top of the pack in recent public polling.
Virtually any Democratic path to flipping the Senate in this year’s midterms would see the party hold the open Michigan Senate seat, with two-term Sen. Gary Peters (D-Mich.) retiring at the end of his term.
The race has emerged as perhaps the largest battleground over the ideological future of the party. El-Sayed, who unsuccessfully ran for governor in 2018, has collected endorsements from progressives, while Stevens has the tacit backing of Senate Minority Leader Chuck Schumer, with AIPAC also boosting her candidacy.
El-Sayed, Ocasio-Cortez said in an interview with The New York Times, is her party’s best chance.
“Despite our ideological differences and whatever disagreements there are in the party, every single one of us sees this moment as existential,” she said. “And I think many people are willing to put aside differences in order to give us the best chance at winning. And I think that Abdul gives us that right now.”
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