6-9-2017 Rokita Report

Jun 9, 2017 Issues: Congressional Issues, Economy and Jobs

Dear Fellow Hoosier,

Thank you for the opportunity to update you on the work of the 115th Congress.  I trust this finds you and your family well, as we work together to bring Hoosier common sense to Washington.

For daily updates, please take a moment to "Like" my Facebook page by clicking here  or follow me on Twitter if you prefer  @ToddRokita.

 


In this week's Rokita Report

  • Wins for Main Street - Financial CHOICE Act
  • Exploring Economic Growth
  • Terrorism in the United Kingdom
  • Defending the First Amendment   

 


Wins for Main Street - Financial CHOICE Act

The Dodd-Frank Act, passed under the Obama administration and then-Speaker Nancy Pelosi, has hurt Hoosiers across Indiana.  It hurt the economy, but most of all, it hurt taxpayers by giving them fewer financial options, and by putting into law the idea that taxpayers should bailout Wall Street. Hoosiers are tired of bureaucrats in Washington having complete control over their lives, and the Dodd-Frank Act only strengthened these distant and unaccountable powers. That is why this week, I voted for HR 10, the C.H.O.I.C.E. Act.

The bill passed the House, 233 to 186 and will reform the burdensome regulations of the Obama administration while helping consumers and freeing up the nation’s markets.

The C.H.O.I.C.E. Act:

  • Demands accountability from Wall Street through new penalties for financial fraud--the toughest in history.
  • Has the support of every state banking association, including the Indiana Bankers Association.
  • Reduces barriers to credit and capital.
  • Repeals the Department of Labor’s Fiduciary Rule which costs Americans billions of dollars.
  • Demands greater accountability, oversight, and transparency for the Federal Reserve.
  • Reforms the Consumer Financial Protection Bureau (CFPB) by subjecting it to Congressional oversight because every government agency should be accountable to the will of the American people.

The bill is now pending before the Senate, and I urge my colleagues in the Senate to vote for this important regulatory relief. The intrusive Dodd-Frank Act has cost taxpayers and workers too much for too long. It is time to give financial power back to the consumers.


Exploring Economic Growth

As a result of the failed policies of the past administration - notably the Dodd-Frank Act and Obamacare - we are in the midst of the slowest economic recovery in over seventy years.  Year after year, the Congressional Budget Office (CBO) predicts stagnant or declining economic growth.  As Vice Chair of the House Budget Committee, I believe economic growth must be one of our top priorities.  A stronger economy will get more Hoosiers back to work and help cut our soaring national debt.

Today, 95 million Americans are now out of the labor force - that is more than one-third of our nation's working-age population.  Under President Obama, that number went up by 14 million. Work gives us the resources we all need to live dignified lives, but it also gives us purpose and the ability to contribute to our families, community, and country.  During the hearing, I focused my questions on incentivizing work.  A job is the best anti-poverty program we have.  Unfortunately, the previous administration chose to grow government instead of the economy and personal freedom.

My questions during the House Budget Committee's hearing titled "The Economic and Fiscal Benefits of Pro-Growth Policies" were focused on providing "hand ups" to lift people from poverty instead of seeing them continue to depend on government handouts.

 

 


Terrorism in the United Kingdom

Saturday's terrorist attack in London was extremely disturbing for us all. These cowards intentionally drove a van into human beings, exited their vehicle, and began stabbing innocent civilians to death.  This was the third terrorist attack in Britain in just ten weeks.  Our nation must stand with the United Kingdom and our allies around the world who continue to be the targets of barbaric attacks from ISIS and other terrorist organizations.

My prayers are with the victims and their families of this latest attack in London.  It serves as the latest tragic reminder that the United States must remain relentless in confronting and destroying ISIS, and implementing policies to prevent ISIS and other radical Islamic terrorists from infiltrating our country.

 


Defending the First Amendment

On Tuesday, the House passed H. Res. 354 without opposition.  This resolution condemns the violence against protestors outside of the Turkish Ambassador's residence that happened on May 16, 2017.  Video footage shows that Turkish security forces were engaged in attacks against protestors.  The House passed this resolution to express our outrage over a foreign government’s thuggish attack on peaceful protestors.

The Founders wrote the First Amendment to protect our freedom of speech, freedom of religion, freedom of press, and freedom to assemble.  With Tuesday's resolution, I stood unified with other members of the House in condemning these violent actions. People assembled peacefully to voice their concerns.  It was upsetting to see the rights of Americans ignored in our own country. We should not tolerate this type of action.  Secretary of State Rex Tillerson has already summoned the Turkish Ambassador to express the concerns of the United States over this incident.

 


Thank you for your continued interest in Congress and for supporting my efforts to bring Hoosier common sense to Washington. Take care.  

 

Sincerely,
 
Todd Rokita