Senate Expected To Confirm Attorney General Loretta
April 22, 2015
U.S. House of Representatives to Pass A Bill Introducing New Corporate Cybersecurity Measures; Senate Expected To Confirm Attorney General Lynch; Existing Home Sales Increased 6.1% in March to Reach 5.19 Million Homes.
- The House of Representatives is poised today to pass a bill that will introduce new corporate cybersecurity measures in the wake of high profile cyber breaches over the past year at firms such as Sony, Target, and Anthem. The bill would push corporations to share information with other organizations and federal authorities. Privacy concerns had previously held up passage of this bill, but recent cyberattacks have increased political support for measures that address cybersecurity. The House is expected to pass the bill by large bipartisan support today. [NYT]
- A Senate vote to approve Attorney General nominee Loretta Lynch is expected in the next few days after a deal was announced yesterday, which should overcome an impasse over a human trafficking bill that has languished in the Senate. The bill contained abortion language troubling to Democrats, who had unknowingly brought the bill to the floor. The ensuing debate saw the nomination of Lynch tied to the success of the trafficking bill. Lynch is expected to secure approval behind sufficient Republican support to earn the necessary simple majority in the Senate. [Politico]
Economic Indicators & News
- The National Association of Realtors announced today that existing home sales increased by 6.1% in March to reach 5.19 million homes, the highest seasonally adjusted annual rate of sales in the past year and a half. Median home prices rose to reach $212,100, which is 7.8% above year-ago levels, but total housing inventory also rose by 5.3% to reach 2.00 million homes. Growth was solid across the country with the Northeast, Midwest, South, and West regions all contributing to existing home sales growth in March. 30% of sales were to first-time home-buyers, an increase of 1% from February. [National Association of Realtors]