Items Tagged with 'Sean Duffy'

ARTICLES

  • Republican lawmakers move to slash CFPB employees' pay

    Sen. Mike Enzi, Rep. Sean Duffy introduce bill to cut CFPB compensation
    One of Mick Mulvaney’s first actions after he took over as acting director of the Consumer Financial Protection Bureau was to institute a hiring freeze, stipulating that the bureau could not hire any new employees for at least 30 days. But if two of Mulvaney’s former Congressional colleagues have their way, the CFPB’s current employees could be left feeling a freeze of their own – vastly reduced salaries.
    Read More
  • House passes long-term reauthorization of National Flood Insurance Program

    Bill to reduce direct spending by $187 million
    Less than a month before the program was set to expire, the House of Representatives voted to pass the 21st Century Flood Reform Act, which will reform and reauthorize the National Flood Insurance Program. The 21st Century Flood Reform Act would reauthorize the NFIP for five years and introduce private market competition.
    Read More
  • Trump reportedly discussed firing Cordray while signing bill to kill CFPB arbitration rule

    Broached subject in Oval Office meeting with House Reps., others
    President Donald Trump reportedly discussed firing CFPB Director Richard Cordray with members of Congress this week while signing the resolution to repeal the regulator's controversial arbitration rule. The general consensus in the room? Cordray needs to go. But they can't do anything yet. Why? Ohio.
    Read More
  • House passes bipartisan reform to encourage private flood insurance

    Here's how this plays into the larger effort to reform the National Flood Insurance Program
    The House of Representatives voted Thursday to pass legislation that includes a bipartisan act that encourages the creation of private flood insurance markets. While this falls outside of the broader debate to reform the National Flood Insurance Program, it addresses a key issue in flood insurance coverage. But due to the timing of the legislation, it wasn’t nearly as bipartisan of a bill as it was in the past.
    Read More
  • Here's why Congress can create bipartisan fix to flood insurance this year

    "Our first job is to help the victims of Hurricanes Harvey and Irma"
    In an unlikely pairing, Reps. Earl Blumenauer, D-Ore., and Sean Duffy, R-Wis., co-authored a blog for Bloomberg to emphasize the urgency and need to fix America’s flood insurance program. While the two noted that their first job is to help the victims of Hurricanes Harvey and Irma, the two are hopeful that Congress can come to an agreement on a fix to the flood insurance program.
    Read More