Brown on HTF (Dec. 4)

Mike & Co. —

The November jobs report (200,000-plus net jobs added) is another key green light to a Fed primed to lift rates in two weeks.

FWIW, reported from Shelby last night re talks with Tester on Shelby 2.0: “We’ve been talking even tonight — we’re trying to see if we can work out some things with the Democrats.   Haven’t been able to yet but still talking back and forth, specifics.”

If you were among those who wanted to know more about the “big parts” that Senate Banking’s Ranking Member Sherrod Brown meant he had successfully advocated for in the  transportation bill now headed for the president’s desk, the Senator’s inventory of provisions and lightly edited remarks are below.

Dana

 ———-

 Export-Import Bank Renewal

“The Export-Import Bank is one of the best tools we have to help businesses of all sizes in Ohio and across our country grow, create jobs, and compete in the global economy. Renewing the Ex-Im Bank will ensure that American businesses aren’t put at a disadvantage to our foreign competitors.”

Buy America Provisions

Brown pushed for a provision that would increase the amount of American-made steel and other components that will go into buses and subway cars.  The bill requires transit rolling stock (buses and rail cars) to include 70 percent domestic content, such as steel, by 2020, up from 60 percent under current law.

Regulatory Relief for Community Banks and Credit Unions

The transportation bill “provides the kind of targeted relief for community banks and credit unions that Democrats and Republicans agree is long overdue. It will help America’s smallest financial institutions be more efficient, cut some of their administrative costs, and still protect consumers.”

Key provisions:

  •  Boosting the number of small banks that could be eligible for Federal Deposit Insurance Corporation examinations on an 18-month cycle, instead of an annual cycle.
  •  Eliminating the requirement that financial institutions send annual privacy notices to their customers, if their privacy policy hasn’t changed.
  •  Allowing privately insured credit unions to be eligible for membership in the Federal Home Loan Bank (FHLB) system and receive FHLB funding.

 

 

 

4 thoughts on “Brown on HTF (Dec. 4)”

  1. I am also commenting to let you know of the helpful encounter my friend’s daughter found reading through your web page. She figured out numerous issues, not to mention what it’s like to have an amazing giving mood to have most people really easily know selected impossible subject areas. You really exceeded our own expectations. Many thanks for imparting the invaluable, safe, explanatory and even easy thoughts on the topic to Janet.

  2. I’m also commenting to let you be aware of of the brilliant discovery my child encountered checking the blog. She came to understand a lot of details, including how it is like to have a marvelous coaching character to get certain people completely comprehend a variety of complex issues. You actually did more than her desires. Many thanks for imparting the invaluable, safe, explanatory and even easy thoughts on the topic to Janet.

  3. Thanks for the suggestions about credit repair on this particular web-site. The things i would offer as advice to people is usually to give up this mentality that they buy at this point and fork out later. Being a society most of us tend to make this happen for many factors. This includes trips, furniture, in addition to items we’d like. However, it is advisable to separate one’s wants from the needs. As long as you’re working to raise your credit ranking score actually you need some trade-offs. For example you may shop online to economize or you can check out second hand outlets instead of high priced department stores intended for clothing.

  4. I’m also commenting to let you be aware of of the brilliant discovery my child encountered checking the blog. She came to understand a lot of details, including how it is like to have a marvelous coaching character to get certain people completely comprehend a variety of complex issues. You actually did more than her desires. I appreciate you for coming up with such essential, dependable, edifying and cool guidance on that topic to Ethel.

Leave a Comment

Your email address will not be published. Required fields are marked *