News
Olver Opening Statement at Full Committee Markup on the Transportation, HUD Appropriations bill FY13
Last year, the leaders of the U.S. Chamber of Commerce and AFL-CIO, not usually bedfellows, agreed that we must have greater investment in our nation's infrastructure in order to create jobs and to be competitive in the global economy. A modern, well maintained transportation network is absolutely necessary for our economy to grow and the country to prosper.
Issues:
June 19, 2012
Press Release
Dodd-Frank expanded CFTCs oversight 8-fold from the $37 trillion futures market to the over-the-counter swaps market -- a domestic market of over $300 trillion in notional value. So just when the CFTC needs to scale up, theyre being slapped with deep cuts that strangle their ability to safeguard against another financial collapse.
Issues:
June 19, 2012
Press Release
On April 27th, The Federal Communications Commission approved a rule requiring TV broadcasters to put public ad disclosure documents online.
June 19, 2012
Press Release
In addition to another round of special interest anti-environment riders, the EPA is cut -17% below last year...Despite the hyperbole of some of my Republican friends, EPA programs and regulations did not cause this recession and tying the hands of this important agency certainly won't get us out - that idea is as fictional as recent reports of EPA drones.
June 8, 2012
Press Release
The 41% cut from the President's $308 million budget request for the CFTC is unconscionable. It's designed to cripple the CFTC.
Issues:
June 8, 2012
Press Release
Months of bipartisan effort and work were swamped in just a few hours as Republicans accommodated and embraced amendments that I believe they would have had the courage and discipline to reject in previous congresses.
June 6, 2012
Press Release
The bill before us provides adequate funding for DHS front line employees so that they can continue to conduct critical operations along our borders; protect our nation's airports and seaports; disrupt the latest plots against the United States and our citizens; and respond to the spate of natural disasters our country has experienced.
Issues:
June 6, 2012
Press Release
The $25 million cut to the CFTC will have drastic effects on the American economy and will harm the American taxpayer. 4 years ago, our financial system failed. Over 8 million jobs evaporated. Millions lost their homes. Unregulated swaps played a critical role in the 2008 financial meltdown for instance, the near-failure of AIG was triggered by its substantial swap business. Dodd-Frank got to the root of the problem by charging the CFTC with swap market oversight.
Issues:
June 6, 2012
Press Release
Due to House Republican infighting over the surface transportation bill and their unwillingness to compromise in conference negotiations, our Republican Majority has had to resort to place-holder language in this bill for several important transportation provisions, not least of which, the funding level for the federal highway program. The reckless partisan brinkmanship of House Republicans on this traditionally bipartisan infrastructure bill is appalling.