EJ Antoni, Research
Fellow,
Heritage Foundation’s Grover Hermann Center for the Federal Budget,
Republican witness
Rade
Musulin
has had a diverse career which has included a lot of “non-traditional”
work, including catastrophe modelling, agriculture, reinsurance, public
policy, and climate risk. Originally from the US, Rade has worked in
countries across the world, and is now a Principal at Finity Consulting
in Sydney, Australia, focusing on extreme events and climate risk.
Previously he served as the Chief Executive Officer of FBAlliance
Insurance, Chief Operating Officer of Aon Benfield Analytics Asia
Pacific, and Vice President Operations, Public Affairs, and Reinsurance
for the Florida Farm Bureau Insurance Companies. Rade has served as
Chair of the Actuaries Institute Climate and Sustainability Working
Group, Chair of the International Actuarial Association’s Resource and
Environment Virtual Forum, and was Vice President – Casualty for the
American Academy of Actuaries from 2016 – 2018.
Ishita
Sen is an
assistant professor of business administration in the Finance Unit. She
teaches the Finance I course in the MBA
required curriculum. Professor Sen’s research focuses on financial
intermediation, asset pricing, and insurance markets. In her current
research, she studies how inconsistencies in regulation restrict risk
management, how capital regulation affects the insurance product market,
and more recently, the agency problems associated with the use of
internal models for asset valuation. Professor Sen holds a PhD in
Finance from the London Business School. She is a co-author of Pricing
of Climate Risk Insurance: Regulation and
Cross-Subsidies
and When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage
Markets.
Full committee
hearing.
FHWA’s FY 2025
Budget requests $62.8
billion, of
which $800 million is to support the RAISE and
Mega Programs under the Office of the Secretary of Transportation. When
added to the $9.5 billion in advance appropriations contained in the
IIJA, this will result in a total of $72.3
billion.
Witness:
Shailen Bhatt, Adminstrator, Federal Highway Administration
“Climate change is not a tragedy, it’s a crime.” Could this increasingly
common refrain among climate activists be more than just a slogan?
Years of reporting show that fossil fuel companies knew of their
contributions to climate change and funded multimillion-dollar
disinformation campaigns to block responses that would curb their
dangerous conduct—conduct that is today causing massive harms and deaths
across the country.
Could these acts constitute homicide or other criminal violations?
Should Big Oil be prosecuted? Join legal experts, scientists, and former
prosecutors for a panel
discussion
on this new theory of climate accountability, hosted by Public Citizen,
Union of Concerned Scientists, and Fair and Just Prosecution, and
moderated by Bill McKibben. UCS accountability
campaign director Kathy Mulvey is among the participants.
On Tuesday, June 4, 2024, at 2:00 p.m., in room 1324 Longworth House
Office Building, the Committee on Natural Resources, Subcommittee on
Oversight and Investigations will hold an oversight
hearing
titled “Biden’s Border Crisis: Examining Efforts to Combat International
Criminal Cartels & Stop Illegal Drug Trafficking Targeting Indian
Country.”
The purpose of the hearing is to examine the President’s Fiscal Year
(FY) 2025 budget request for the National Oceanic and Atmospheric
Administration (NOAA) and related issues within the Science Committee’s
jurisdiction. This hearing will be an opportunity for Members to discuss
their priorities related to the agency’s mission.
The President’s FY25 budget request for
NOAA is $6.56
billion,
a $241 million increase from the FY24
appropriated amount.
On Tuesday, June 4, 2024, at 10:30 a.m., in room 1334 Longworth House
Office Building, the Committee on Natural Resources, Subcommittee on
Energy and Mineral Resources will hold a legislative
hearing
on the following bills:
H.R.
6395
(Rep. John Curtis, R-Utah), “Recognizing the Importance of Critical
Minerals in Healthcare Act of 2023”;
H.R.
8446
(Rep. Juan Ciscomani, R-Ariz.), To amend the Energy Act of 2020 to
include critical materials in the definition of critical mineral;
H.R.
8450
(Rep. Kat Cammack, R-Fla.), “Phosphate and Potash Protection Act of
2024”.
Colin Williams, U.S. Geological Survey, Mineral Resources Program,
Program Coordinator [All bills]
Misael Cabrera, Director, School of Mining & Mineral Resources, The
University of Arizona [H.R. 8446]
Sally Macaluso, Chief Procurement Officer, GE HealthCare [H.R. 6395]
Corey Rosenbusch, President & CEO, The
Fertilizer Institute [H.R. 8450]
Dr. Roopali Phadke, Professor of Environmental Studies, Macalester
College [Minority Witness] [H.R. 8446]
The Department of Energy’s 2023 Critical Materials List, unlike the
USGS CML, contains copper, electrical steel,
fluorine, silicon, and silicon carbide. H.R. 8446 would ensure that the
materials on the DOE list would also appear on
the USGS CML.
By requiring DOI to consult with
HHS, H.R. 6395 will ensure that medical uses
of minerals such as uranium (used in the production of molybdenum-99 and
technetium-99m), copper, gold, lithium, titanium, silver, and platinum,
and the ramifications that any supply disruption could have on the
healthcare economy are considered when evaluating
CML designations.
H.R. 8450 would direct the Secretary of the Interior, in consultation
with the Secretary of Agriculture, to reevaluate potash, phosphate, and
materials necessary for fertilizer for designation as critical minerals.
This bill also requires DOI to publish a
report to Congress explaining why these minerals do or do not meet the
necessary CML requirements and to update the
CML within 60 days should
USGS find that any mineral meets the criteria.
On Tuesday, June 4, 2024, at 10:15 a.m., in Room 1324 Longworth House
Office Building, the Subcommittee on Federal Lands will hold an
oversight
hearing
titled “Examining the President’s FY 2025
Budget Request for the U.S. Forest Service.” The
USFS’s FY 2025
budget requests $8.9 billion in discretionary funding (including roughly
$2.4 billion for the Wildfire Suppression Operations Reserve Fund),
which reflects a $658 million increase over FY
2024 enacted levels.