Jobs and the Economy
The great recession left millions of Americans unemployed and millions more struggling to support their families. Although we’ve made progress, it is clear that we still have work to do. Moreover longer-term changes, brought by globalization and technology, have drastically changed our economy in the last three decades. With that in mind, competitiveness – how we can position our businesses and workers to compete on a global market – is the lens through which I analyze economic policy.
As the only former CEO of a publicly traded company currently serving in Congress, I understand that we need a vibrant private sector to create long-term job growth and a strong middle class. I support policies that encourage entrepreneurship, innovation, and a better climate for business.
There is also a role for government in making our country more competitive. Around the globe the healthiest economies are those where the public and private sector work together. My competitiveness agenda has five key components: 1) investing in a world-class education and research system for our workers, 2) developing a national energy policy that encourages domestic energy production with a goal towards becoming an alternative energy leader, 3) immigration reform so that the best and brightest can work for our companies, 4) infrastructure investment to rebuild our roads and bridges, and 5) a grand bargain budget deal to get our fiscal house in order.
In May I introduced the first major component of my competitiveness agenda, the Partnership to Build America Act (H.R. 2084). My legislation would finance up to $750 billion in infrastructure investment at no cost to the taxpayer, instead bonds would be sold to the private sector. With strong support from Republicans and Democrats, it represents the bipartisan approach to job creation that I believe is essential. For more information on the Partnership to Build America Act, click here.
More on Jobs and the Economy
WASHINGTON – Congressman John K. Delaney (MD-6) has written to House Speaker John Boehner, urging the Speaker to take up legislation that extends federal emergency unemployment insurance. Absent legislative action, 1.3 million Americans will lose all unemployment insurance on December 28. Delaney joined 166 colleagues on the letter.
Delaney is a cosponsor of H.R. 3546, the Emergency Unemployment Compensation Extension Act.
WASHINGTON – Today the Senate voted to confirm Congressman Mel Watt as the next head of the Federal Housing Finance Agency (FHFA). The FHFA oversees our country’s secondary mortgage markets, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
Congressman John K. Delaney (MD-6) a member of the House Financial Services Committee, releases the following statement:
WASHINGTON – Today the House voted on H.R. 1105, the Small Business Capital Access and Job Preservation Act. The bill passed by a 254 to 159 vote. The legislation would ease SEC reporting requirements for private equity implemented under Dodd-Frank. The bill would exempt private equity fund investment advisers from registration and reporting requirements with the SEC, provided that they have not been borrowed and don't have an outstanding principal amount that is more than twice their invested capital commitments.
On Sunday, November 24, 2013, John joined MSNBC's Alex Witt to discuss the latest news from Washington. They discussed the latest on the potential agreement with Iran, the budget conference, and John's infrasturcture bill.
Washington, D.C. – Today, Congressman Stephen Fincher (R-Tenn.) and Congressman John Delaney (D-Md.) reached across the aisle and joined together to introduce H.R. 3623: Improving Access to Capital for Emerging Growth Companies Act, which focuses on accelerating the ability of companies to enter into Initial Public Offerings (IPOs).
Washington has gotten so used to political theater that many here have lost the ability to spot real chances to do the right thing. The budget conference is an opportunity for Congress to craft a bipartisan compromise that serves the common good. Despite low expectations, the conference should be taken seriously.
WASHINGTON – Friday’s Washington Post features an op-ed by Congressman John K. Delaney (MD-6) calling on the budget conference to focus on rebuilding America’s infrastructure.
Delaney is the only former CEO of a publicly traded company serving in Congress.
The op-ed can be read below or online here.
WASHINGTON - The House has passed H.R. 3080, the Water Resources Reform and Development Act, by a 417 to 3 vote. Congressman John K. Delaney (MD-6) voted for the bill. H.R. 3080 authorizes Army Corps of Engineers funding for improvements to America’s waterways, ports, dams and levees, and projects tied towards flood protection and safe drinking water. The Senate passed a water resources bill in May (S. 601) and it is expected that the two bills will go to conference soon.
WASHINGTON - Congressman John K. Delaney (MD-6) joined President Obama and Congressman Chris Van Hollen (MD-8) in Rockville to highlight the federal shutdown’s harsh impact on our country’s economy, including small businesses. Appearing at the M. Luis Construction Company, a Rockville asphalt plant, the President delivered remarks explaining that damage from the government shut down along with a potential failure to raise the debt ceiling could significantly harm the economy.
WASHINGTON - On Monday, Congressman John K. Delaney (MD-6) participated in a wide-ranging panel discussion focused on improving our nation’s infrastructure and breaking Congressional gridlock. Sponsored by the American Enterprise Institute (AEI) and Third Way, the panel brought together industry stakeholders and thought leaders. In addition to Congressman Delaney, the panel included Janet Kavinoky from the U.S. Chamber of Commerce, Ron DeFeo, CEO of the Terex Corporation; and Dr. R. Richard Geddes, of AEI.