The House plans to vote on a measure to repeal part of the health care law Thursday. The proposal does away with an IRS reporting requirement that members from both parties feel is burdensome for small business. The Senate passed a similar bill in February, but the two plans would need to be reconciled before being sent to President Obama, who has signaled that he also supports the change.

Though the measure has supporters on both sides of the aisle, Republicans have been quite vocal about the need for repeal. The House Republican Conference, led by Speaker John Boehner, R-Ohio, discuss the need to eliminate the reporting mandate and other economic issues at an 11:45 a.m. ET news conference. The bill's sponsor, Rep. Dan Lungren, R-Calif., also has an event planned at 10:30 a.m. ET to note the importance of overturning the reporting requirement

Health and Human Services Secretary Kathleen Sebelius testifies before a House Energy and Commerce subcommittee on her agency's budget and the implementation of last year's health care overhaul at 9:30 a.m. ET.

In other budget news, Homeland Security Secretary Janet Napolitano speaks with the House Homeland Security Committee at 9:30 a.m. ET on her department's request. We expect her to also field questions on the possible terror attack on U.S. service members in Frankfurt, Germany Wednesday. The heads of CENTCOM and Special Operations Command, also on the Hill to discuss their budgets, should also get questions on the matter.

A pair of economic hearings lay out economic issues for the United States at home and abroad. Treasury Secretary Timothy Geithner briefs the Senate Foreign Relations Committee on the turbulent global economy, and its impact on the United States at 2:30 p.m. ET. A panel of economic experts, led by the head of the Government Accountability Office Gene Dodaro, detail instances of waste and duplicative spending in the federal government to the House Oversight Committee at 9:30 a.m. ET.

We'll be following all these stories and more, so stay with Fox News for all the latest.