By Rep. Gwen Moore (D-WI) The financial crisis remains fresh in the minds of the American people and the passage of the Dodd-Frank act - which I supported -- was a positive first step, putting in place the most comprehensive financial regulatory measures since the Great Depression. Attention is now being focused on the Securities and Exchange Commission (SEC) proposal to either “float” the net asset value (NAV) of money market mutual funds (MMFs) or to not permit full redemption of investor fun...
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By Peter Schroeder - 04/18/12 05:40 PM ET House Republicans on Wednesday advanced legislation that would roll back portions of the Dodd-Frank financial reform law. GOP members of the House Financial Services Committee touted the set of four measures as cutting $35 billion from the deficit. The proposal is part of a broad Republican effort to track down savings to replace the automatic defense cuts that are set to begin at the end of the year. Democrats maintained that the savings were largely i...
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By Phil Mattingly on April 18, 2012 U.S. House panel approved a measure to repeal the federal government’s power to seize and liquidate the largest financial firms, ignoring objections of Democrats and Treasury Secretary Timothy F. Geithner. The Republican-led Financial Services Committee backed the legislation today in a 31-26 party-line vote, reigniting debate over a Dodd-Frank Act mechanism crafted as part of an effort to prevent a repeat of the market tumult that followed the September 2008...
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By Pete Kasperowicz - 04/17/12 01:18 PM ET House Republicans on Tuesday afternoon beat back a Democratic attempt to halt consideration of a rule deeming that the GOP's 2013 budget resolution has passed both the House and the Senate. Republicans have said they need to approve this "deeming resolution" in order to let House appropriators start work on spending bills for the year. But as expected, House Democrats opposed the resolution, which is part of a rule easing rules on the use of firearms o...
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Today, Congresswoman Gwen Moore (WI-4) released the following statement criticizing companies that avoid their tax obligations by shifting money to offshore accounts.
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Company Could Lay Off 35 Workers Without State Train Contract MILWAUKEE -- Milwaukee Mayor Tom Barrett met Wednesday with workers at a local railroad facility trying to put a stop to dozens of potential layoffs. Talgo, the company once tasked with building high-speed rail in Wisconsin, now stands to layoff 35 workers after the 2009 project was mothballed and the state removed funding for a maintenance facility in 2012. "These are beautiful trains," mechanic James Spence said. "With this plant c...
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Today, Congresswoman Gwen Moore (WI-4), along with the U.S. Department of Housing and Urban Development (HUD), announced the release of over $1.5 million in grant funding for the AIDS Resource Center of Wisconsin, the Community Development Authority (CDA)
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The Business Journal by Sean Ryan, Reporter In the wake of Talgo Inc. taking steps to close its manufacturing operations in Milwaukee, Mayor Tom Barrett repeated his call for the state to set up a train maintenance plant in the city so the company does not leave. Talgo is to finish building trains under contracts with the states of Wisconsin and Oregon by September, and has no additional manufacturing orders for its plant in Milwaukee. According to a press release from Barrett’s office, the com...
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