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Tag Archive: Tom Carper

Oversight Committee Endorses Public Access to Agency Reports to Congress

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Legislation that would require virtually all agency reports to Congress be available online in one central location advanced out of the House Oversight and Government Reform Committee yesterday on a voice vote. The Access to Congressionally Mandated Reports Act, originally sponsored by Rep. Mike Quigley and enjoying the bipartisan support of Committee Chairman Darrell Issa and ranking member Elijah Cummings, will need the sign-off of the Committee on House Administration before it can get a vote on the House floor. In March, 26 organizations wrote to the Oversight Committee to express their support for ACMRA.

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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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