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
On Sunday April 6, 2014, Congressman John K. Delaney (MD-6) joined MSNBC's Alex Witt to discuss the latest budget released by Chairman Paul Ryan.
WASHINGTON – Congressman John K. Delaney (MD-6) will testify at the House Committee on Transportation & Infrastructure P3 Panel hearing on Tuesday April 8, 2014. The hearing, titled, “The International Experience with Public-Private Partnerships” will be chaired by Rep. John J. Duncan (TN-2). For more information on the P3 Panel, click here. The hearing is scheduled for Tuesday April 8, 2014, at 10:00 AM and will take place in 2167 Rayburn.
WASHINGTON – Today’s Baltimore Sun includes an op-ed from Congressman John K. Delaney (MD-6) which calls on the White House to reject the Keystone XL pipeline and increase American natural gas exports. Delaney writes, “The right analytical framework for these decisions has several component questions: what's consistent with our environmental and energy policy objectives, what's in our economic self-interest, and what serves our geopolitical goals. Keystone fails each of these tests, while increasing natural gas exports passes them all.”
WASHINGTON – The Partnership to Build America Act (H.R. 2084) now has 60 cosponsors in the House of Representatives, with equal support from 30 Republicans and 30 Democrats. The 60th cosponsor is Congresswoman Susan W. Brooks (IN-5). Authored by Congressman John K. Delaney (MD-6), the legislation also has bipartisan support in the Senate. The Senate companion was filed in January by Senator Michael Bennet (D-CO) and Senator Roy Blunt (R-MO) and currently has 5 Democratic, 7 Republican and 1 Independent cosponsors.
WASHINGTON – On Thursday, House Committee on Financial Services Ranking Member Congresswoman Maxine Waters introduced the Housing Opportunities Move the Economy Forward Act of 2014.
For more information on the legislation, click here.
Congressman John K. Delaney (MD-6) releases the following statement:
WASHINGTON – Today, the House Committee on Financial Services considered and passed legislation by Rep. Stephen Fincher (TN-8) and Rep. John K. Delaney (MD-6) designed to make it easier for businesses to enter into an Initial Public Offering.
Rep. Delaney and Rep. Fincher introduced the Improving Access to Capital for Emerging Growth Companies Act (H.R. 3623) in November. Friday, the legislation passed the Financial Services Committee by a 56-0 vote. View Delaney’s remarks before the committee here.
WASHINGTON – Today, the House Committee on Financial Services considered legislation by Rep. Stephen Fincher (TN-8) and Rep. John K. Delaney (MD-6) designed to make it easier for businesses to enter into an Initial Public Offering. The committee will vote on the legislation Friday morning.
Rep. Delaney and Rep. Fincher introduced the Improving Access to Capital for Emerging Growth Companies Act (H.R. 3623) in November. The Fincher-Delaney legislation simplifies the Initial Public Offering registration process for Emerging Growth Companies, as defined by the 2012 JOBS Act.
On March 11, Congressman Delaney spoke to the Washington County Chamber of Commerce about his bipartisan work in Congress to create jobs. You can read the full story here.
Hagerstown Herald-Mail: Delaney touts bipartisan bill that would create infrastructure fund
WASHINGTON – Today, the President released his FY 2015 Budget, which included strong support for infrastructure investment. The President’s Budget included a $302 billion dollar surface transportation reauthorization proposal, a modernization and streamlining of the permitting process for new projects, and support for a National Infrastructure Bank.
WASHINGTON – Congressman John K. Delaney (MD-6) has authored an op-ed supporting the bipartisan Pay For Success model in The Hill. Also known as Social Impact Bonds, Pay For Success can improve public services, save taxpayer dollars, and encourage data-driven decision making in government. The model has been used successfully in Utah, New York, Colorado, and other states.