Spending and Debt
More on Spending and Debt
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 issued the following statement after voting for the Consolidated Appropriations Act for Fiscal Year 2017, which funds the government through September 30, 2017:
Congressman Andy Barr (KY-06) today voted in favor of a budget resolution which sets the stage for Congress to repeal the Affordable Care Act, also known as Obamacare. The same budget reconciliation process was used in 2016 to get repeal legislation to President Obama, who vetoed the bill.
Congressman Andy Barr (KY-06) today introduced H.R. 5276, the No Bailouts for State, Territory, and Local Governments Act. The bill prohibits the use of federal funds to bail out any state, territory, municipal, local or county government that is bankrupt or at risk of default. It also prohibits the Department of Treasury and the Federal Reserve from bailing out state, territorial, and local governments in financial distress.
In response to questions from Congressman Andy Barr (KY-06) during a Committee on Financial Services hearing, Director Richard Cordray of the Consumer Financial Protection Bureau confirmed that the Federal Reserve does not review or question the Bureau’s budget requests as long as they are below the allowed spending caps.
In response to questions from Congressman Andy Barr (KY-06) during a Committee on Financial Services hearing, Federal Reserve Chair Janet Yellen confirmed that the Fed does not approve or even oversee the budget of more than $600 million a year it gives to the Consumer Financial Protection Bureau. Because the Bureau receives its funding directly from the Fed, it is beyond the reach of Congress's power of the purse to rein in its regulatory overreaches and lavish spending.
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 (KY-6) today voted for H.R. 1314, the Bipartisan Budget Act of 2015.
Congressman Andy Barr (KY-6) today voted against renewing the charter of the Export-Import Bank, which expired on June 30, 2015. The Bank offers taxpayer-backed loans and guarantees purportedly to support U.S. exports, but has been criticized for politicized lending, internal corruption, cronyism, handing out taxpayer dollars to foreign governments and corporations at the expense of American competitors, and providing an unfair advantage to large corporations over smaller exporters.