The bipartisan bill to end China’s unfair trade practice of currency manipulation passed in the Senate tonight by a vote of 63 to 35, with 15 Republicans joining Democrats to support it. The legislation, called the Currency Exchange Rate Oversight Act, provides tools to impose consequences on countries that manipulate their currency and consequently, cost…
The bill before the Senate that would curb currency manipulation’s receiving overwhelming support by both Democrats and Republicans. Here’s a look at the top three reasons Democratic senators support the bill, known as the Currency Exchange Rate Oversight Reform Act: #1 The bill will save jobs Senator Richard Blumenthal (Conn.): “China has been manipulate its…
Here’s the full text of the Senate version of the American Jobs Act that Senator Reid introduced last night. It has the same job-creating measures as the President’s original jobs bill, however, with a simple surtax starting in 2013 of 5.6 percent on income exceeding $1 million. The bill is entirely paid for.
The Senate has voted 79 to 19, to move to a bipartisan bill that curbs currency manipulation from countries such as China. Both Democrats and Republicans co-sponsored the legislation. Called the Currency Exchange Rate Oversight Act of 2011, the legislation provides tools that impose consequences on countries that manipulate their currencies. The legislation is particularly…
Last night, the Senate forged a bipartisan agreement to fund FEMA, save 45,000 jobs, and prevent an unnecessary government shutdown. The bill received bipartisan support, with twenty-six Republicans joining Democrats to approve funding through November 18th for the agency tasked with helping thousands of Americans recover from earthquakes, tornados, hurricanes, floods and other natural disasters.…
Today marks the end of “Don’t Ask, Don’t Tell,” a discriminatory policy that barred thousands of capable men and women from military service because of their sexual orientation. For nearly two decades,”Don’t Ask, Don’t Tell” threatened American values of liberty and equality for all, and prevented the Armed Forces from including the best and brightest…
Last Thursday marked the start of Hispanic Heritage Month, a time to honor the many contributions that Hispanic Americans have made to help shape our nation. For hundreds of years, Hispanic Americans have represented our country on the battlefield, in the classroom and in the workplace. Hispanic Heritage Month is a time to pay tribute…
Nevada Senator Harry Reid held his first Twitter Town Hall yesterday, giving Nevadans and Americans across the country an opportunity to get their questions about job-creation measures answered directly by him. Reid is the first Democratic Senate leader to hold a forum like this, according to Twitter. The town hall followed a week in…
The Senate passed patent reform last night by a vote 89-9, marking the first jobs bill to pass this fall. Its passage came after weeks of Republicans stalling it in the House. The bill, titled the Leahy-Smith America Invents Act, is expected to spur innovation and jobs. By clearing a three-year backlog of patent applications,…
Today, the Senate bill to prevent a default received another boost when Congress’s official scorekeeper confirmed it will save $1.3 trillion more than the Boehner bill. And in the first year alone, the Senate plan would reduce the deficit by $30 billion, compared to the $1 billion Boehner’s plan would cut. CBO has also affirmed:…