More on Overregulation
Today, the House of Representatives passed S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, the most pro-growth regulatory relief legislation in a generation. This package includes two bills introduced by Congressman Andy Barr (KY-06) – H.R. 2226, the Portfolio Lending and Mortgage Access Act, and H.R. 1699, the Preserving Access to Manufactured Housing Act.
Congressman Andy Barr (R-KY) received the Spirit of Enterprise Award by the U.S. Chamber of Commerce for his support of small business priorities including regulatory reform and the recently enacted Tax Cuts and Jobs Act. Each year, the U.S. Chamber of Commerce establishes pro-growth policies important to businesses and rates Members of Congress who support these priorities.
Today, the House of Representatives passed bipartisan legislation introduced by Congressman Andy Barr (KY-06). The Preserving Access to Manufactured Housing Act of 2017 corrects a Consumer Financial Protection Bureau (CFPB) regulation which has harmed lower and moderate income families by making it harder for lenders to offer financing for manufactured homes.
Congressman Andy Barr (KY-06) issued the following statement after President Donald Trump nominated Jerome “Jay” Powell to serve as the next Chairman of the Federal Reserve:
Congressman Andy Barr (KY-06) today reintroduced the Taking Account of Bureaucrats’ Spending (TABS) Act. The legislation would make the budget of the Consumer Financial Protection Bureau (CFPB) subject to congressional appropriations and therefore give Congress the power of the purse over this unaccountable agency, its regulatory overreaches, and lavish spending for the first time.
Congressman Andy Barr (KY-06) today reintroduced H.R. 2226, the Portfolio Lending and Mortgage Access Act. The bill promotes affordable home financing and discourages the practices that led to the 2008 financial crisis and the resulting taxpayer bailouts of Fannie Mae, Freddie Mac, and too-big-to-fail financial institutions.
Congressman Andy Barr (KY-06) released the following statement following introduction of H.R. 10, the Financial Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs (CHOICE) Act.
Congressman Andy Barr (KY-06) today voted in favor of H.R. 34, the 21st Century Cures Act which includes numerous reforms to expedite the discovery, development, and delivery of new treatments and cures. Specifically, the Food and Drug Administration (FDA) will be given flexibility to expedite the review and approval of new drugs, medical devices, and treatments.
Congressman Andy Barr (R-KY) today made the following statement after the U.S. Court of Appeals for the District of Columbia ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional:
“Today the second highest court in the land agreed with what I have been saying all along; that the Consumer Financial Protection Bureau as currently structured is unconstitutional. This ruling vindicates my work to reform the Bureau and hold the agency accountable for its regulatory overreaches and abuses of power.”
Congressman Andy Barr (R-KY) today voted for S.J. Res. 22, to block the Environmental Protection Agency and the Army Corps of Engineers from redefining “waters of the United States” to include smaller bodies of water including farm ponds and irrigation ditches. The proposed rule significantly expands the scope of federal jurisdiction under the Clean Water Act over virtually all waters and wet areas in the country.