Thursday, January 23, 2020

China, Predatory Lending, Housing, Labor, Immigration, Vaping, Environment, Horse Racing

China



Rep. Jim Banks Introduces House Bill Banning Intelligence Sharing With Countries Using Huawei
Source: U.S. Representative Jim Banks (R-IN, 3rd)
January 21, 2020
“Huawei is a Trojan Horse for the Chinese Communist Party to spy on and infiltrate other nations. Our allies must choose: Adopt Huawei and lose access to U.S. intelligence, or remain our trusted partner,” said Rep. Banks.

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ATA Applauds Ratification of USMCA Trade Deal
Source: American Trucking Association
January 16, 2020
“Trade is central to the trucking industry – 76% of all surface freight between the U.S. and our nearest neighbors moves by truck – so the newly ratified USMCA will be a boon to our economy and our industry,” said ATA President and CEO Chris Spear. “This agreement will boost both U.S. exports and gross domestic product, meaning more truck movements and delivering measurable returns for our industry.”

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Predatory Lending



OCC Proposal Could Greenlight Predatory Lending Schemes
Source: Americans for Financial Reform
January 22, 2020
A coalition of more than 100 organizations yesterday submitted a public comment in opposition to a proposed rule from the Office of the Comptroller of the Currency (OCC) that would make it easier for payday and other high-cost lenders to use banks as a fig leaf to offer predatory loans at interest rates of 100 percent APR or higher that are prohibited under state rate cap laws. This scheme is known as “rent-a-bank” or “rent-a-charter.”

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Housing



Carson’s housing fairness rule is a winner for America
Source: Americans for Limited Government
January 17, 2020
“Since 2015, Americans for Limited Government has led the charge to reform the Affirmatively Furthering Fair Housing regulation to remove any requirements for localities that take community development block grants to make changes to local zoning. We are pleased that HUD Secretary Ben Carson produced a final rule that protects local zoning prerogatives while encouraging evaluation as to whether regulations have an adverse impact on housing affordability. This rightly stops the nationalization of zoning while still encouraging fair housing, once again placing primacy on cities and counties to make the best decisions for their communities. The last thing Americans needed was Washington, D.C. bureaucrats dictating zoning requirements based on Census maps, and Secretary Carson successfully ended this overreach.”

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ABC’s Construction Backlog Indicator Dips in November
Source: Associated Builders and Contractors Association
January 21, 2020
Nonresidential construction backlog has generally been trending lower since the spring of 2019, but as a practical matter, this represents little cause for concern,” said ABC Chief Economist Anirban Basu. “There are at least two reasons for this. First, backlog reached a record high of 9.5 months in March 2019, buoyed by seasonal factors and an economy that had yet to feel the full effects of ongoing trade disputes. Second, for much of 2019, those who consume construction services, including developers, were faced with elevated levels of uncertainty due to America’s trade disputes with China, a rapidly softening global economy, a stock market that had suffered losses and exhibited substantial volatility in late 2018, an inverted yield curve and a weakening manufacturing sector.

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Labor



Americans for Prosperity Applauds Administration Joint Employer Rule
Source: Americans for Prosperity
January 22, 2020
Americans for Prosperity applauded the U.S. Department of Labor for its final rule to revise and update its regulations interpreting joint employer status under the Fair Labor Standards Act (FLSA). The rule eliminates barriers that have hindered small businesses’ ability to improve their workplace and create jobs in recent years.

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Immigration



AAJC Files Supreme Court Brief Against Statute That Violates First Amendment Rights
Source: Asian Americans Advancing Justice
January 22, 2020
AAJC (Asian Americans Advancing Justice | AAJC) filed an amicus brief before the Supreme Court in United States v. Sineneng-Smith to urge the Court to strike down a federal statute that makes it a felony to “encourage or induce” individuals to enter or remain in the U.S. unlawfully. This statute has the potential to chill the everyday work of immigrants’ rights advocates and service providers who often assist undocumented individuals, their families, and their communities. The brief was joined by 33 community-based, advocacy, and social services organizations.

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Vaping



BALDWIN HELPS INTRODUCE BIPARTISAN LEGISLATION TO HOLD E-CIGARETTE COMPANIES ACCOUNTABLE FOR THE YOUTH VAPING CRISIS
Source: Senator Tammy Baldwin (D - WI)
January 22, 2020
U.S. Senator Tammy Baldwin joined her bipartisan colleagues led by Senator Jeanne Shaheen (D-NH) to introduce legislation to protect children from the dangers of e-cigarettes. The Resources to Prevent Youth Vaping Act would require that e-cigarette manufacturers pay user fees to the Food and Drug Administration (FDA) to help fund more activity at FDA to conduct stronger oversight of the e-cigarette industry and increase awareness of the dangers of e-cigarettes. The legislation is also cosponsored by Senators Lisa Murkowski (R-AK), Susan Collins (R-ME), Dick Durbin (D-IL), and Mitt Romney (R-UT).

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Environment



Bank of America Achieves Carbon Neutrality
Source: Bank of America
January 21, 2020
“We are delivering responsible growth by focusing on serving our clients, investing in our teammates, supporting the communities where we operate – AND by addressing important societal priorities,” said Brian Moynihan, CEO of Bank of America. “Being carbon neutral is core to our $300 billion, 10-year environmental business initiative that is helping finance the transition to a low-carbon future.”

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Horse Racing



Statement from Congressman Andy Barr on “Legislation to Promote the Health and Safety of Racehorses” Hearing
Source: U.S. Representative Andy Barr (R-KY, 6th)
January 21, 2020
“This hearing is an important step in furthering the conversation around the need for transparency and standardization in horseracing,” said Congressman Barr. “I look forward to a robust discussion with Members of the Energy and Commerce Committee and equine industry experts on how to ensure the integrity and safety of the sport. As the Representative of the Horse Capital of the World, I will continue to fight for the future of horseracing and build on this momentum to bring this vital legislation to the House floor for a vote.”

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