Several Republicans on Wednesday voiced support for extending the charter of the Export-Import Bank as long as a new authorization bill includes several reforms.
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WASHINGTON — Wednesday’s hearing before the House Financial Services Committee turned tense as witnesses and members of Congress clashed over the future of the bank. Chairman Jeb Hensarling, R-Dallas, has been a strong critic of the bank, which he has called an epicenter of “crony capitalism.”
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One of the first major acts of new House Majority Leader-elect Kevin McCarthy could very well be to kill the eight-decades-old Export-Import bank, which provides loans, loan guarantees and credit insurance to help foreigners purchase U.S. goods.
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A bipartisan caucus is giving hope to the heads of medium-sized companies dealing with a web of government regulations — like Horizon Pharma CEO Tim Walbert.
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WASHINGTON, D.C. –The Cents and Sensibility Act, introduced by Congressman Steve Stivers (R-OH), received a hearing this week in the House Financial Services Subcommittee on Monetary Policy and Trade. The bipartisan legislation lowers the cost of producing pennies, nickels, dimes and quarters by ensuring they are minted with steel instead of minerals imported from outside the United States. Representatives Tim Ryan (D – OH) and Pat Tiberi (R – OH) signed on as original co-sponsors of the bipartisan legislation.
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Despite high production costs and a shift toward electronic payments, a House of Representatives hearing has confirmed that for the foreseeable future, the humble penny isn’t going anywhere.
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A series of bills to restructure the Consumer Financial Protection Bureau, limit its civil penalty fund and change how it collects data on consumers was approved by the House Financial Services Committee in a June 11 vote.
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The U.S. House of Representatives announced the formation of a bipartisan Congressional Caucus for Middle Market Growth (CCMMG) on April 16. Middle Market Growth asked the U.S. representatives behind the effort—Reps. Steve Stivers, R-Ohio, and Jared Polis, D-Colo.—for their views.
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