Fiscal and Economic

Breaking the Promise - Puerto Rico "PROMESA" Legislation

June 9, 2016

The House is expected to take up the “PROMESA” bill today, with serious implications to every taxpayer in the country.

Puerto Rico - Amendment to H.R. 5278 (PROMESA)

May 25, 2016

This amendment simply exempts from this act the debt issued by Puerto Rico that was backed by its constitutional pledge of full faith and credit and taxing power. Of the commonwealth’s $72 billion of outstanding bonds, this would exempt roughly $18 billion of constitutionally protected debt...

Issues:Fiscal and EconomicNatural Resources Committee

Puerto Rico - Markup Hearing on H.R. 5278 (PROMESA)

May 24, 2016

Speeches

My central concern with this legislation continues to be that it potentially undermines the reliability of the constitutional full faith and credit guarantees of the states. These guarantees allow states to borrow at extremely low interest rates because debt repayment has first claim on revenues...

Issues:Natural Resources CommitteeFiscal and Economic

Reform in Mandatory Spending / Speaker’s Organizational Task Force

May 18, 2016

Press Release

I propose to bring mandatory spending under the same congressional control that we currently exercise over discretionary spending. FIRST: The budget committee, in consultation with committees of jurisdiction, would set overall spending levels for mandatory programs and offer suggestions of how to achieve those levels, as is currently done. SECOND: Once the budget is enacted, the committees of jurisdiction would prepare statutory changes in mandatory programs to meet the targets set in the budget, just as they do for reconciliation...

Issues:Fiscal and Economic

Reform in Unauthorized Appropriations / Speaker's Organizational Task Force

May 18, 2016

Press Release

I propose to restore the House ban on unauthorized spending through a conference rule that includes the following provisions: FIRST: To direct all authorizing committees to identify any expired or soon to expire programs within their jurisdictions and to adopt a timetable for adopting legislation reauthorizing them. SECOND: To direct the authorizing committees in this process:

Issues:Fiscal and Economic

Restoring the Purse Strings

April 15, 2016

Speeches

The House Subcommittee on Rules and Organization of the House met on April 14, 2016 to discuss "Proposed Reforms to Rule XXI and the Modern Authorization and Appropriations Process." The Congressman delivered the following rem

Issues:Fiscal and EconomicGovernment Regulation

Redeeming an Island Paradise

April 13, 2016

Speeches

Redeeming an Island Paradise
Remarks by Congressman Tom McClintock
House Natural Resources Committee
April 13, 2016

Issues:Fiscal and EconomicNatural Resources Committee

Rules Changes to Restore Budget Discipline

March 3, 2016

Press Release

The memo below from Congressman McClintock outlines four proposed budget process reforms:

TO: Interested Colleagues
FM: Tom McClintock
RE: Rules changes to restore budget discipline
DT: March 3, 2016

Issues:Fiscal and Economic

Debt Limit Debate - Duffy Amendment to H.R. 3442

February 11, 2016

Speeches

Duffy Amendment to H.R. 3442
February 11, 2016

Mr. Speaker:

The law that established the Treasury Department instructs it to manage the revenue and support the public credit. This includes prioritizing payments to assure the national debt is always honored, as the Constitution commands. Without this, a stalemate on the debt limit could endanger the nation’s credit.

Issues:Fiscal and Economic

Unsustainable Federal Spending and the Debt Limit

February 2, 2016

Speeches

Congressman McClintock participated in a Financial Services Committee hearing held to examine "Unsustainable Federal Spending and the Debt Limit." The Congressman is the author of H.R. 692, the Default Prevention Act.

Issues:Fiscal and Economic

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