House Majority Leader McCarthy's Weekly Guidance
RIGHT TO TRY ON HOUSE FLOOR TOMORROW
On Tuesday the House will vote on the Trickett Wendler, Frank Mongiello, Jordan McLinn, and Matthew Bellina Right to Try Act of 2018. This bill would give terminally ill patients access to potentially life-saving medicine.
Wall Street Journal: House Introduces ‘Right to Try’ Legislation to Permit Use of Unproven Drugs for Dying Patients
From Rep. Brian Fitzpatrick (R-PA): “Each day, families across the country receive the devastating news of a terminal diagnosis. Even with the amazing work done in American medical research and development, for too many, access to these potentially lifesaving treatments will come too late, or not at all. Right to Try opens the opportunity to trial-stage care and establishes the freedom for patients and their doctors to try therapies where the benefits far outweigh the risks. Americans – our constituents – should have every opportunity to fight for their life, or the life of their loved one. Whether it’s a father courageously battling ALS or a brave child living with Duchene Muscular Dystrophy, they deserve the right to try.”
PROTECTING OUR SCHOOLS
On Wednesday the House will vote on the STOP School Violence Act (H.R. 4909). This bill will provide grant funding for evidence-based training to prevent school violence. Included in this measure is training for local law enforcement, school staff, and students to help identify and to try to stop student violence against themselves or others.
Provides funding for:
From Rep. Rutherford (FL-04): “I know from my law enforcement experience that security requires a multi-layered approach. Our bill supports one very important layer of security for our schools. The best way to keep our students and teachers safe is to prevent violence from ever entering school grounds.”
YES, THIS MATTERS
The minority whip would like you to know that the legislation on the House floor this week is unimportant and in his word – “fillers”.
From Mr. Hoyer: “We’re told this week we will consider H.R. 1116 the TAILOR Act. I'm not sure that any of my friends have talked to me about that. H.R. 4263, Regulation A+ Improvement Act. I doubt that a single one of my constituents have talked to me about that act. They are fillers, Mr. Speaker.”
The minority whip is wrong. These are bills that matter to main street, small businesses, and entrepreneurs with a dream across the country.
Just ask the 8 million minority-owned and 9.4 million women-owned businesses who are three times more likely to be denied loans to start, grow, or invest in their businesses.
The Regulation A+ Improvement Act of 2017 (H.R. 4263) helps increase access to capital for businesses. The expansion of Regulation A+ has been a successful provision of the JOBS Act, more is needed to help remove burdens on small and startup businesses.
Access to capital is one of the biggest barriers for minority- and woman-owned businesses. The average loan for minority owned businesses is $9,300 with a 7.8% interest rate while non-minority owned businesses on average receive $20,500 and 6.4%.
This Congress is taking an all hands on deck approach to removing burdens that limit access to capital for small and startup businesses.
Today, the Small Business Committee is holding a field hearing in Jacksonville, Florida: Disparities in Access to Capital: What the Federal Government Is Doing to Increase Support For Minority Owned Firms.
COMMITTEE WORK TO WATCH
Wednesday, March 14:
Thursday, March 15:
NO WHERE NEAR “MARCH MADNESS”
Democrats keep reminding us just how out of touch they are with the American people. On Thursday, Minority Leader Pelosi said, “it’s March madness. There’s a -- as I’ve said before, there’s a dark cloud hanging over the Capitol. And it's called ‘the GOP tax scam’.”
New York Times: The Economy Is Looking Awfully Strong
“There are 39 pages in the Labor Department’s February report on the employment situation in the United States, but they can be summed up in four words: The economy is humming.”
El Paso Electric Company: EP Electric Files Request to Provide a Credit to TX Customers
“EPE is proposing to provide a rate decrease to pass through the effect of the tax reduction by applying a credit to base rates beginning April 1, 2018, on an interim basis, for the electric service EPE provides to all its approximately 320,000 Texas retail customers until final rates are approved.”
AZ Central: Thousands of Cox workers in Arizona getting bonus thanks to Trump tax plan
“Cable company Cox Communications is joining corporations nationwide by offering its 3,200 Arizona employees bonuses of $1,000 to $2,000 this year thanks to the recent federal tax overhaul, the company said Thursday.”
Winston-Salem Journal: 4,500 Reynolds employees to get $1,000 bonus as result of corporate tax-rate cut
The Seattle Times: Costco says extra profit from tax cuts will be shared with employees
Wall Street Journal: Tax Reform Isn’t Only for Big Business
“But the new tax code gives me hope. Not only has the top federal rate dropped to 37%, but I’ll also qualify for a deduction of up to 20% and immediate expensing to save money on investments. I’ve already given four-figure raises to four key employees—half of my workforce—and financed a long-overdue international expansion.”
Madness? Armageddon? Insignificant? Crumbs? All signs point to no.
More committee activity for the week of March 12 can be found here.