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  • House panel advances bill to overhaul Dodd-Frank financial reforms
    Posted in In the News on May 4, 2017 | Preview rr
    Tags: Jobs & the Economy

    After nearly 23 hours of debate, House lawmakers on Thursday advanced one of President Trump's top promises to dismantle the "horrendous" Dodd-Frank financial regulations that were put in place during the Obama administration. The House Financial Services Committee voted 34 to 26 along party lines, passing the Financial Choice Act, a Republican bill to undo the 2010 financial reform law. GOP lawmakers blame the Dodd-Frank regulations for choking U.S. economic growth and crimping lending by banks... Read more

  • House panel approves GOP Dodd-Frank rewrite
    Posted in In the News on May 4, 2017 | Preview rr
    Tags: Jobs & the Economy

    The House Financial Services Committee approved a bill Thursday to repeal and roll back significant pieces of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The panel voted to send Chairman Jeb Hensarling’s (R-Texas) Financial CHOICE Act to the House floor, 34-26, along party lines. The bill would accomplish much of a long-term GOP goal: to revoke the expansive financial regulations passed under President Obama after the 2008 financial crisis and long protected by Democrats. All ... Read more

  • Perlmutter Defends Dodd-Frank, Fights Against Efforts to Roll Back Consumer Protections
    Posted in Press Releases on May 4, 2017 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – This week, U.S. Rep. Ed Perlmutter (CO-07) helped lead the fight against Republican efforts to roll back consumer and investor protections in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). The Republican legislation, the Financial CHOICE Act of 2017 (H.R. 10), undermines and outright repeals critical safeguards in Dodd-Frank, unleashing the same behavior on Wall Street that led to the 2008 financial crisis. Perlmutter was instrumental in passing Do... Read more

  • CHOICE Act Markup Drags On After GOP Sinks Dem CFPB Amendments
    Posted in In the News on May 3, 2017 | Preview rr
    Tags: Jobs & the Economy

    The House Financial Services Committee on Wednesday killed a handful of Democratic amendments aimed at altering some of the most significant overhauls contained in Chairman Jeb Hensarling’s plan to replace the 2010 Dodd-Frank Act, especially those related to the Consumer Financial Protection Bureau. The panel voted along party lines to reject one Democratic amendment to the Texas Republican’s Financial CHOICE Act that would have preserved the CFPB’s independent funding stream. The GOP proposal, ... Read more

  • Perlmutter Statement on Bipartisan Spending Bill
    Posted in Press Releases on May 3, 2017 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – U.S. Rep. Ed Perlmutter (CO-07) issued the following statement today after the U.S. House of Representatives passed an Omnibus Appropriations package for the remainder of Fiscal Year 2017: “I’m pleased that Congress was able to work in a bipartisan fashion to avert a shutdown and fund the government through September 30, 2017. However it is alarming that President Trump is already calling for a “shutdown” in future budget negotiations. The work of running and funding the gover... Read more

  • House GOP takes first steps to undo financial law
    Posted in In the News on May 2, 2017 | Preview rr
    Tags: Jobs & the Economy

    WASHINGTON – House Republicans worked to undo former President Barack Obama's law overhauling the nation's financial rules, arguing that it is undermining economic growth. Democrats countered that the GOP effort risked a repeat of the 2008 meltdown that pushed the economy to the brink of collapse. The Financial Services Committee's effort got off to a slow start Tuesday as Democrats insisted that the entire, nearly 600-page replacement bill be read aloud before the committee even considered amen... Read more

  • Congress Must Act to Reduce Public Safety Threat in Communities
    Posted in Press Releases on April 27, 2017 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – With eight states and Washington, D.C. now allowing for adult-use recreational marijuana and 29 states legalizing medical marijuana, it is time to align federal and state laws - specifically as it relates to the banking crisis confronting marijuana-related businesses. That is the message from U.S. Reps. Ed Perlmutter (CO-07), Denny Heck (WA-10) and Don Young (R-AK) as they introduce bipartisan legislation to allow marijuana-related businesses in states with existing regulatory... Read more

  • Colorado Rep. Ed Perlmutter introduces bill to allow pot shops to bank
    Posted in In the News on April 27, 2017 | Preview rr
    Tags: Jobs & the Economy

    U.S. Rep. Ed Perlmutter, an Arvada Democrat, is teaming up with representatives from Alaska and Washington this week for another push at getting marijuana-related businesses access to the federal banking system. The Secure and Fair Enforcement Banking Act would allow banking organizations to serve pot shops, cultivation centers and other marijuana-related businesses in states regulating the drug. The move is part of the recently formed Cannabis Caucus’ efforts to increase protections for the leg... Read more

  • New federal bill would allow banking for marijuana businesses
    Posted in In the News on April 27, 2017 | Preview rr
    Tags: Jobs & the Economy

    Marijuana businesses can’t openly bank and congressman Ed Perlmutter, D-Colo., is hoping to change that. Perlmutter on Thursday introduced the Secure and Fair Enforcement Banking Act (SAFE Banking Act), legislation that would allow banks to serve marijuana-related businesses without fear of penalties from the federal government. The bill is a reintroduction of the Marijuana Businesses Access to Banking Act, which was first introduced in 2013 — and again in 2015 — and subsequently languished. Whe... Read more

  • Perlmutter Reaction to President Trump’s Tax Plan
    Posted in Press Releases on April 26, 2017 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – U.S. Rep. Ed Perlmutter (CO-07) issued the following statement in response to President Trump’s tax plan: “I have long-supported comprehensive tax reform that will simplify our tax code and make it more fair for hardworking Coloradans. President Trump’s tax plan is short on details but appears to be an expensive and irresponsible tax cut for big corporations and the wealthy that will be paid for by our children and grandchildren. We need to clean up the tax code to stimulate e... Read more

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