More on Overregulation
Congressman Andy Barr (R-KY) today made the following statement after the President’s State of the Union Address:
“What the country needs is a plan to defeat ISIS. What we need is an agenda to grow the economy. Instead, President Obama gave us a lecture about his legacy and in defense of policies that have contributed to the worst economic recovery since World War II and chaos around the world. Families continue to struggle and there is not a single place in the world which is safer or more stable today than on the day President Obama took office seven years ago.”
Congressman Andy Barr (R-KY) today voted for H.R. 3762, the Restoring Americans’ Healthcare Freedom Reconciliation Act. The legislation repeals the most damaging Obamacare mandates and taxes, and denies funding for Planned Parenthood of America through the budget reconciliation process, which is not subject to a Senate filibuster.
Congressman Andy Barr (R-KY) today voted for and the House passed H.R. 22, the Fixing America’s Surface Transportation (FAST) Act. The bill funds improvements to America’s surface transportation infrastructure including roads, bridges, transit systems, and rail transportation network. The bill includes a number of reforms to refocus funding on national priorities, provide certainty and flexibility for states and local governments, streamline approval processes, while maintaining a strong commitment to safety.
H.R. 1259, the Helping Expand Lending Practices (HELP) in Rural Communities Act introduced by Congressman Andy Barr (KY-06) has been included in the final conference report of H.R. 22, the Fixing America’s Surface Transportation Act, which is expected to be voted on by the House of Representatives tomorrow. Congressman Barr’s bill would allow communities to contest their designation as “non-rural” and the restrictions that designation brings on lending by community banks and credit unions.
The House of Representatives today passed H.R. 1210, the Portfolio Lending and Mortgage Access Act introduced by Congressman Andy Barr (KY-6) in a bipartisan vote of 255 to 174. The bill promotes affordable home financing and discourages the practice of securitizing and selling of mortgages that led to the 2008 financial crisis and the resulting taxpayer bailouts of Fannie Mae, Freddie Mac, and large systemically important financial institutions.
Congressman Andy Barr (KY-6) applauded the House’s passage yesterday of bipartisan legislation he introduced with Congressmen Scott Tipton (CO-3) and Lacy Clay (MO-1) to reduce the frequency of on-site examinations for small banks in good standing.
Congressman Andy Barr (KY-6) today voted in favor of H.R. 427, the Regulations from the Executive in Need of Scrutiny (REINS) Act. Congressman Barr is an original cosponsor of this legislation, which would require any executive branch rule or regulation with an annual economic impact of $100 million or more to be approved by both the House and Senate before being imposed on hardworking families and job-creating businesses.
Today, the United States Supreme Court sent the U.S.
Congressman Andy Barr (KY-6) issued the following statement today after the Supreme Court issued its ruling in the case of King v. Burwell:
“I appreciate the Court’s consideration of this case, but I strongly and respectfully disagree with the majority opinion. Laws should be implemented as they are written, not as the President wishes they were written. The ruling may temporarily shield many Americans from the true cost of health care under Obamacare but it does nothing to solve the problem of rising prices and government-rationed care.”
Yesterday afternoon, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray announced that, due to an administrative error, his Bureau would be delaying the effective date of the Truth in Lending Act, Real Estate Settlement Procedures Act, Integrated Disclosure (TRID) regulation required by the Dodd-Frank Act from August 1 until October 1, 2015. Representative Andy Barr (R-KY) issued the following statement concerning this policy change: