Cosponsor the Educating Student Loan Borrowers Act

Total private and federal student loan debt has now topped $1.3 trillion in the United States, shared by 42.4 million Americans. About 70% of students are borrowing in order to get a college education, and of those borrowing federal dollars, one in six will
not be able to pay their loans back on time.

Read More

Letter to SEC re Chicago Stock Exchange Takeover by Chinese Firm

In February 2016, 50 Members of Congress wrote Treasury to oppose the proposed takeover of the Chicago Stock Exchange by the Chinese firm, Chongqing Casin Enterprise Group (CCEG). In that letter, Members raised concerns related to Chinese government dominance
over industry and the lack of market transparency in China.

Read More

Cosponsor H.R. 154: Honoring our WWII Merchant Mariners Act of 2017

I would like to invite you to become a cosponsor of H.R. 154, “Honoring our WWII Merchant Mariners Act of 2017.” In every war fought by the United States, civilian ships have supported military operations by transporting supplies and personnel. The civilians
that have served on these vessels have worked in varying capacities either for private shipping companies under contract with the federal government or for the government itself. These civilians are collectively referred to as Merchant Mariners.

Read More

Cosponsor H.R. 123: FHA Alternative Credit Pilot Program Reauthorization Act of 2017 (v. 3)

I am writing to invite you to cosponsor  H.R. 123, the FHA Alternative Credit Pilot Program Reauthorization Act of 2017.  According to a study by the Policy and Economic Research Council (PERC) and the Brookings Institute, approximately 50 million Americans
have insufficient information in their credit file to calculate a traditional credit score. Additionally, another 50 million people have credit scores that are possibly lower than they would be if non-financial payment data were reported to credit bureaus.
Unfortunately, the credit risk of borrowers cannot be adequately calculated with today’s standardized mortgage underwriting procedures. This is especially true for African-Americans, Latinos, low-income households, the elderly and those under the age of 25.

Read More