H.R. 4172: Build Credit Scores without Debt (v. 2)

People who lack credit scores face significant economic harm. Lenders typically extend credit to those who already have it. Those with insufficient or no credit history are considered high risk, and their loan applications are often rejected. They also pay higher rates for car and renters’ insurance, cell phone and utility deposits and may have barriers to employment.

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Cosponsor H.R. 4342, the Iran Ballistic Missile Prevention and Sanctions Act

In the past few months, Iran has tested at least two ballistic missile weapons and this week announced their new ballistic missile silo, all blatant violations of U.N. Security Council resolutions. While our attention has been focused on Iran’s nuclear sector due to the JCPOA, better known as the Iran Nuclear Deal, we cannot, and must not, turn a blind eye to Iran’s non-nuclear violations.

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THIS MORNING: Staff Briefing on New GAO Report: Women on Corporate Boards

I hope you have seen the GAO Report released this week on the presence of women on corporate boards, and will take some time to review its findings. As the report discusses at length, even though women have made progress in the corporate world, they still only hold 16 percent of board seats at large companies, and true gender parity is likely decades off.

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Support Bipartisan Regulatory Reform

Please support the Regulatory Improvement Act of 2015 (H.R.1407) as an amendment in the nature of a substitute to the SCRUB Act of 2015 (H.R.1155). The Regulatory Improvement Act is an honest, strongly bipartisan effort to provide relief to small businesses by tackling duplicative, outdated, and unnecessarily burdensome regulation.

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H.R. 4172: Build Credit Scores without Debt

We write to draw your attention to the below Washington Post article, Lending help: Innovative new program allows poor renters to build credit by paying off loans. The article profiles an innovative program that provides loans to low-income residents to help them improve their credit scores. The article notes that credit scores are a “divider” and that “increasingly in modern society, your credit score either gets you into opportunities or keeps you out of them.”

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Staff Briefing on New GAO Report: Women on Corporate Boards

I hope you have seen the GAO Report released this week on the presence of women on corporate boards, and will take some time to review its findings. As the report discusses at length, even though women have made progress in the corporate world, they still only hold 16 percent of board seats at large companies, and true gender parity is likely decades off.

Read More