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Tag Archive: Mark Warner

House keeps DATA Act momentum moving

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CapitolDome_painting_istock_smallLast night the House took an important bipartisan step towards greater government transparency by passing the Digital Accountability and Transparency Act, H.R. 2061 (DATA Act) on a near unanimous vote. The DATA Act will significantly improve the transparency of federal spending data, as well as make it easier to use, by instituting strong, government-wide financial data standards. It will also ensure that more, and more accurate, data is made publicly available.

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Banking money fuels senators who want to slow down Volcker

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The six senators who introduced legislation Thursday to slow down implementation of the "Volcker rule," designed to prohibit banks from profiting from trading on their own accounts, are the recipients of ample amounts of campaign cash from the financial industry.

Three Democrats and three Republicans are cosponsoring the effort to push back the effective date of a rule that has provoked bitter complaints from the banking industry. The Dodd-Frank law mandated that it go into effect July 21, the second anniversary of the financial regulatory overhaul. More than 17,000 comments have flooded into federal financial agencies. The proposed legislation ...

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Lobbyist cash flows to Warner, possible Super Committee member

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Creation of the “super committee” has been met with mixed reactions in Congress. While several members have called for its immediate repeal, others have balked at the idea of serving on it. Sen. Mark Warner, D-Va., however, has said he would “love” to serve on the bicameral, bipartisan committee charged with addressing the country's debt problems.

Warner, former governor of Virginia, was elected to the U.S. Senate in 2008, and during the short time in the upper chamber has demonstrated an impressive fundraising ability. In all, he has brought in more than $27 million, of which more than ...

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