Weekly Wrap-Up: July 22, 2013 - July 26, 2013
Jul 26, 2013
- PATH Act: On Tuesday and Wednesday, I attended the Financial Services Committee Markup of H.R. 2767, legislation that would create a sustainable housing finance system for America. The Protecting American Taxpayers and Homeowners Act (the PATH Act) ends the largest bailout in history, the $200 billion taxpayer-funded Fannie Mae and Freddie Mac, and phases out the troubled Government-Sponsored Enterprises within five years. The bill will also increase competition by ending the government’s domination of the housing finance market, which has left taxpayers liable for $5.1 trillion in mortgage guarantees. The PATH Act gives consumers more mortgage choices by increasing competition in the market. The bill passed the Committee and I look forward to seeing the legislation come to a vote on the House floor.
- Coal Residuals Reuse and Management Act: On Thursday, I supported legislation to prevent excessive regulation of our energy producers. As many Arkansans have experienced firsthand, President Obama’s EPA has issued more rules than any previous Administration; blatantly disregarding the damage it does to our economy. Read my full statement here
- Obamacare's Impact on the Service Industry: I spoke on the House floor about Obamacare’s impact the service industry. More than 100,000 Arkansans work in the retail, restaurant, and lodging industry, which has helped keep the American economy afloat in recent years. Unfortunately, this industry will suffer tremendously when Obamacare’s implantation begins on January 1st. The House took an important step last week by voting to delay both the employer and individual mandates but the only real solution is to repeal this terrible law.
- 2014 Department of Defense Appropriations Act: On Thursday, I spoke on the House floor during the debate over the 2014 Department of Defense appropriations bill. As an Army veteran, defending America’s place in the world and supporting our troops are top priorities for me.
- Meeting with Arkansas Students: Every semester, The Washington Center hosts over 450 students for an intensive internship experience in the Nation’s Capital. On Tuesday, I had the opportunity to meet with four Arkansans who are currently participating in the program. Part of their experience is to learn firsthand about the legislative process and discuss their policy interests. Maybe one day they will be Members of Congress themselves!