News from Congressman Barr

February 5, 2021

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Congressional Update from Congressman Andy Barr

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Interview With Bloomberg Surveillance

In case you missed it, I was on Bloomberg Surveillance this week to discuss the market fluctuation seen over the past couple of weeks and provide my perspective as a member of the House Financial Services Committee.  The influx of Reddit-fueled day-trading on equities has certainly caused some volatility, but the democratization of the access to capital markets is not a bad thing.  However, our economy does suffer when President Biden and Democrats attempt to ram through a massive deficit spending bill that would add $2 trillion to the national debt. 

Instead of focusing on implementing the bipartisan CARES Act and the $900 billion COVID-19 relief bill passed less than two months ago, deploying funds for vaccine distribution, re-opening schools and providing job-saving assistance to small businesses, Democrats appear committed to further burdening future generations with mountains of additional debt, despite the immediate availability of over $1 trillion in unspent funds.

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The Horse Racing Industry Has a Big Year Ahead

I was able to visit Keeneland last week to give an update on the equine industry and celebrate the recent passage of the Horseracing Integrity and Safety Act (HISA).  As the Representative for the District that houses the "Horse Racing Capital of the World," I am proud to have consistently brought the issue of safety in the industry up to my colleagues since I was elected to Congress.  Our Commonwealth's signature industry was in need of reform for the safety of both equine and human athletes, which will ensure the industry can thrive for decades to come. 

This is the most consequential piece of legislation for the industry since 1978 and was accomplished through a highly deliberative and bipartisan process.  For nearly a decade, I have worked with industry stakeholders and my colleagues in Congress to build consensus around these reforms.  I am proud to champion this historic legislation and look forward to our Commonwealth continuing the proud tradition of elite thoroughbred horse racing.

Sincerely,

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Congressman Andy Barr

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