Financial Services Committee
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Washington - Today, the U.S. House of Representatives approved H.R. 2672, the Helping Expand Lending Practices in Rural Communities Act, or the HELP Rural Communities Act. H.R. 2672 is legislation introduced by Congressman Andy Barr that would provide individuals in rural areas like Bath County, Kentucky, the right to petition for the area to be properly reclassified as “rural” and relieve the local community banks from burdensome regulations that unfairly limit their ability to lend and help create jobs in their communities.
WASHINGTON – Today, the House of Representatives passed Congressman Andy Barr’s bipartisan, commonsense fix to a real-world problem voiced by community banks and employers in Kentucky.
H.R. 4167, the Restoring Proven Financing for American Employers Act, included significant bipartisan input from Democratic members of the House Committee on Financial Services, passing out of the Committee in March by a vote of 53-3, and passing the full House today by a bipartisan voice vote.
Washington - Today, the House Committee on Financial Services approved two pieces of legislation introduced by Congressman Andy Barr. Both H.R. 2672, the Helping Expand Lending Practices and Rural Communities Act, or the HELP Rural Communities Act, and H.R. 4167, the Restoring Proven Financing for American Employers Act, included significant bipartisan input from Democratic members of the Committee, and would ensure that Washington bureaucrats don’t needlessly and arbitrarily restrict access to credit.
On Tuesday, February 11th, the new Federal Reserve Chair, Janet Yellen, appeared before the Financial Services Committee to provide testimony about the Fed's policies and to answer questions from Members about the state of the economy.
Congressman Barr's questions to Chair Yellen focused on improving the employment situation in our country, the impact of Obamacare on the size of the labor force, and the long-term consequences and sustainability of our national debt.
On Tuesday, during a Financial Services Committee hearing, I questioned Consumer Financial Protection Bureau (CFPB) Director Richard Cordray about the Bureau's plans to remedy the mis-designation of Bath County, Kentucky as "non-rural" for purposes of lending rules that significantly will limit access to credit in the community if not corrected.
WASHINGTON – Congressman Andy Barr released the following statement following President Obama’s State of the Union Address:
“Tonight, I had hoped to hear about how the President will reduce our exploding federal debt, protect the American people from the harmful effects of the new healthcare law, and grow the economy to create jobs for hardworking families who are suffering in this stagnant economy.
“Unfortunately, the President offered the same failed approach of more government spending, more job-crushing regulations, and higher taxes.
WASHINGTON –Congressman Andy Barr today released the following statement following House passage of the FY 2014 Omnibus Appropriations bill:
“The people of central and eastern Kentucky sent me to Washington to rein in out-of-control federal spending, save our country from bankruptcy, and promote the long-term growth of our economy and our workforce.
During a House Financial Services Committee hearing on December 11, Congressman Andy Barr questioned Treasury Secretary Jack Lew about the Obama Administration’s policy guidance for the World Bank and the Export-Import Bank, which discourages the sale of American coal overseas. The respective missions of the World Bank and the Export-Import Bank are to help grow the economies of developing countries and to support American exporters in reaching new markets. And yet, as part of this Administration’s efforts to prevent the mining, burning, and now even the exporting of domestic coal, these
WASHINGTON - The Committee on Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing on Wednesday focused on legislation introduced by Congressman Andy Barr (KY-06) that would provide rural areas like Bath County, Kentucky, the right to petition to be properly reclassified as “rural” and relieve them from burdensome regulations that limit their ability to lend and help create jobs in their communities.