More on Economy
The American taxpayers were forced to lend over $180 billion to save Fannie Mae and Freddie Mac since the financial crisis hit in 2008. Although they have been placed under the conservatorship of the federal government, taxpayers still bear all the financial risk. It is imperative the American people have transparency via the right to submit requests under the Freedom of Information Act (FOIA) to see what the government has been doing over the past eight years to protect their financial wellbeing.
As a member of the House Committee on Appropriations, I will fight to ensure that Congress does its job by keeping the government open. I support a full year appropriations bill for the remainder of FY17, as this would allow for an increase in defense spending while ensuring that vital government services aren’t shut down for the American taxpayers. Congress has been enacting continuing resolutions for years now. This hurts, among other things, multi-year defense projects, thus reducing predictability and driving up costs in the long term. An omnibus bill is much preferable.
WASHINGTON D.C.- April 4, 2017—Today, Congressmen Scott Taylor(R-VA) and Luis Correa(D-CA) introduced the Homeland Production Security (HOPS) Act.
President Trump’s budget proposal is just that, a proposal; Article 1 Section 9 of the Constitution reserves the power of the purse strings to Congress. While we only have top line numbers from the President, I am happy to see the defense sequester being pushed away, but unhappy to hear funding for the Chesapeake Bay cleanup has been cut in the budget. I look forward to working with my colleagues on the Appropriations Committee, the rest of Congress, and the President to ensure completion of our constitutional duty.
WASHINGTON D.C.- March 1, 2017—Congressman Scott Taylor announced his support for the Searching for and Cutting Regulations that are Unnecessarily Burdensome (SCRUB) Act, H.R. 998. The SCRUB Act creates a regulatory review commission that will review and provide recommendations as to which regulations to repeal. The SCRUB Act also provides that for each new regulation there must be an equal repeal of an existing regulation implemented.
WASHINGTON D.C.- January 13, 2017— Today, Rep. Scott Taylor announced his support of the Fiscal Year 2017 budget which paves the way for the repeal of the Affordable Care Act through a budget process called reconciliation.
WASHINGTON D.C.- January 11, 2017— Today, Congressman Scott Taylor supported H.R. 5, the Regulatory Accountability Act, which would require federal agencies to abide by several new measures that would help to peel back years of executive and agency overreach. Under this legislation, courts would no longer be allowed to defer to an agency’s interpretation of law. It would also delay implementation of regulations and require hearings and advanced notice for those that have a large fiscal impact. Several other provisions provide for more transparency to the public.
WASHINGTON D.C.- January 5, 2017— Today, Congressman Scott Taylor announced his strong support of the REINS Act. The REINS Act, which stands for Regulations From the Executive In Need of Scrutiny, puts limitations on Executive Branch over-reach by requiring federal agencies to go through Congress if there is a fiscal impact of more than $100 million dollars per year on the economy.