Weekly Wrap-Up: January 6, 2014 - January 10, 2014
Jan 10, 2014
This week, the House reconvened and officially began the second session of the 113th Congress.
No Bailouts for Insurance Companies Act
Recently, I sponsored the No Bailouts for Insurance Companies Act, legislation that prevents taxpayer bailouts of insurance companies by ending Obamacare’s risk corridor program. The risk corridor program was originally intended as a safety-net for insurance companies who incurred financial losses in the first three years of Obamacare. But the President’s recent unlawful fixes to this unworkable law have made these bailouts almost a certainty. Read more here.
Fighting for Arkansas Veterans
As you may be aware, the VA’s disability claims backlog is a serious problem. This week I joined my fellow members of the Arkansas delegation for a briefing from VA personnel about the Administration’s plan to address the veterans disability claims backlog and improve the claims process overall. As the son and grandson of veterans and as a veteran myself, this issue is particularly important to me. I will continue to monitor the VA’s progress and to fight for Arkansas’s Veterans.
Health Exchange Security and Transparency Act of 2014
This week the House passed important legislation to hold the Obama Administration accountable for yet another broken Obamacare promise. In its first three months of operation, the exchange website saw multiple security breaches. Arkansans deserve to know their personal information is secure, especially when it comes to their healthcare. At a minimum, they should be properly notified if a breach occurs. Read my full statement here.
Arkansas Delegation Expresses Concern About Volcker Rule
Recently, my fellow members of the Arkansas House delegation and I sent a letter to Federal Reserve Chairman Ben Bernanke, Comptroller of the Currency Thomas Curry, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg expressing concern about the unintended consequences of a recently finalized regulation, commonly called the Volcker Rule, in Arkansas. Click here to read the full text of the letter.