Earlier in the day, Trump visited Senate Republicans at the Capitol to address concerns about the recent memorandum of understanding with Tehran.
The Trump administration is asking Congress for $87.6 billion to cover military operations, help for farmers, and international aid.
The discussion comes amid disagreements over the elections bill and the Iran war, among other issues.
The hearing will ‘address outdated and unworkable regulations that are standing in the way of strengthening our competition with China,’ the chairmen said.