More on Government Regulation
I am hearing from many constituents who have received notices that their healthcare premiums are skyrocketing, or their plans are being dropped either by their employers or their insurers, or that they are having hours cut back, salaries reduced or positions eliminated at work as employers try to cope with these increased costs.
I need to know how this law is affecting you. I invite you to share your experience with me so that I can get a clearer picture of how this program is unfolding and so that I can share your experiences with my colleagues.
H.R. 1219 – Supporting America’s Innovators Act: YES. Venture capital firms loan money to start-up companies. Since the adoption of Dodd-Frank, heavy government regulation has severely reduced the amount of capital loaned by these firms. Although the JOBS Act of 2012 eased the regulatory burdens on small capital venture firms, its provisions did not apply to coordinated investment pools of more than 100 investors. This bill simply raises that cap to 250, on funds with less than $10 million of capitalization.
S.J.Res. 34 – Congressional Disapproval of FCC Rule on Broadband Privacy: NO
Senate Amendment to HR 5325 – Fiscal Year 2017 Continuing Resolution: YES. This bill avoids a government shutdown on October 1st by extending current spending authority through December 9th. This is the WORST way to fund the government, because it fails to exercise congressional oversight through the budget and appropriations bills. Unfortunately, sincere but poorly reasoned opposition from the “Freedom Caucus” blocked adoption of the budget this year and doomed legislative efforts to exercise that oversight.