Parties in Congress Divided by CHOICE Act

first_img in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago Tagged with: CHOICE Act The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The country remains as divided as it has ever been on two of the most polarizing presidential candidates in history as the election is less than two months out. So perhaps it is not surprising that the two major political parties are equally divided on proposed legislation to roll back what the Obama Administration sees as one of its greatest achievements, the Dodd-Frank Act of 2010.House Financial Services Committee Chairman Jeb Hensarling (R-Texas) introduced H.R. 5983, commonly known as the Financial CHOICE Act (Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs) in June 2016, on the eve of Dodd-Frank’s sixth birthday, as an alternative to the highly controversial Wall Street Reform legislation. Among the CHOICE Act’s key proposals are giving banks the option for relief from certain regulations if they meet a certain capital threshold; eliminating the government’s power to designate firms as “systemically important”; and wholesale reforms to the Consumer Financial Protection Bureau that include removing the Bureau’s director and replacing him with a five-member bipartisan commission.The Republicans on the House Financial Services Committee tout the CHOICE Act as promoting “growth for all, bailouts for none.”“If we want strong economic growth and more freedom, we must empower Americans, not Washington bureaucrats.  We must offer all Americans greater opportunities to raise their standard of living and achieve financial independence.  In a phrase, we need economic growth for all and bank bailouts for none.  This is the foundation of the Republican plan to reignite growth by replacing Dodd-Frank with real reforms that work,” Hensarling said.In the last few months, Democrats on the House Financial Services Committee have derided the proposal, repeatedly referring to it as the “Wrong CHOICE Act.”[youtube http://www.youtube.com/watch?v=uiSDsQ4cTGY]Earlier this week in a Committee markup, the CHOICE Act passed by a 30-26 voice vote almost completely among party lines. Every Democrat on the Committee who voted on the CHOICE Act (Rep. Terri Sewell, D-Alabama, was the only Democrat who did not vote) voted against it. According to a report from the Wall Street Journal, Democrats were steadfastly unwilling to compromise their position, offering not one single amendment to the proposal during the markup.“Mr. Chairman, this bill is so bad that it simply cannot be fixed. This markup is not a serious attempt to move thoughtful legislation, evidenced by the fact that we only had one hearing on one portion of the bill. It’s clear that this is a rushed, partisan messaging tool, though why anyone would want to push legislation to deregulate Wall Street at a time like this is beyond me,” Committee Ranking Member Maxine Waters (D-California) said during the markup. “So let’s not waste any more time on this. Democrats will not offer any amendments, and we move to dispense with this political theater.”Every Committee Republican who voted (three did not vote), with one exception, voted in favor of the CHOICE Act. The lone Committee Republican who voted against it in the markup was Bruce Poliquin (D-Maine). Poliquin’s office did not immediately respond to a request for comment on his vote.The Wall Street Journal reported that the CHOICE Act is likely to pass in a full House vote, but is not expected to gain traction in the Senate. Even if it does, President Obama has vowed to veto any attempt to roll back Dodd-Frank, which his Administration views as one of its greatest triumphs. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Women in Housing is Celebrated for the Fourth Year Next: Completed Home Flipping at a Six-Year High Parties in Congress Divided by CHOICE Actcenter_img About Author: Kendall Baer Related Articles  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Parties in Congress Divided by CHOICE Act September 14, 2016 1,240 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago CHOICE Act 2016-09-14 Kendall Baer Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Subscribelast_img read more

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2021-05-31

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Warmer Days Ahead This Week

first_imgAlthough this weekend was a damp and dismal, more summer-like conditions will arrive later this weekend just in time for the all important Memorial Day Weekend. Until then, a blocking pattern will continue to keep us unsettled for Monday and Tuesday. It will remain on the cloudy side with a few scattered showers, even a t’storm possible. Temperatures will moderate each day as we shake off this pesky upper low pressure system. Wednesday & Thursday will most likely be the warmest days as we finally break through with plenty of sunshine and winds generally from the west. Temperatures will rise into the upper 70s (80s inland). As we move into the Memorial Day Weekend, it looks like it will remain mainly dry. Only fly in the ointment would be a backdoor front this weekend that could push through and keep temperatures cooler Friday and Saturday with the threat of a few scattered showers or t’storm. If this happens, a more northeasterly flow would keep temperatures in the 60s to around 70 Friday and Saturday. We will watch this as the week progresses but overall we are looking for a great stretch of weather.Monday: Mostly cloudy, few showers, afternoon t’storm possible.Temp: mid 60s.Wind: NE 8-13 mphTuesday: Clouds, some sun, few showers.Temp: upper 60s.Wind: WNW 7-11 mphWednesday & Thursday: Sunshine, warmer.Temp: upper 70sFriday: Sun & Clouds, possible shower. Onshore winds developingTemp: low 70s.Saturday: Breezy, cooler.Temp: upper 60sSunday & Memorial Day: Looking Dry, warmer.Temp: mid 70slast_img read more

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2021-05-02

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NRL star Daly Cherry-Evans’ Gold Coast house back on the market

first_imgMore from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThe property was rented out at the time for $1300 a week.“Mr Cherry-Evans preferred not to disrupt the family that tenanted the property,” LJ Hooker Broadbeach owner Matt Conduit said.“The time frame was agreed on and we worked around this, keeping everyone happy. “We have now had it furnished and it presents beautifully.” MORE NEWS: Philanthropist Neil Balnaves’ Gold Coast mansion hits the market The house opens up to the pool. The kitchen and dining area. Daly Cherry-Evans of the Sea Eagles has put his Gold Coast house back on the market.STATE of Origin rugby league player Daly Cherry-Evans is lining up a second shot at selling his Gold Coast property.The Manly Sea Eagles playmaker’s Mermaid Beach property first hit the market in July, 2018, but the for-sale sign was taken down three months later. The house has previously been tenanted.center_img MORE NEWS: Luxury island home is a boatie’s paradise One of the living areas. Cherry-Evans paid $1.45 million for the Mermaid Beach house in May 2015.At the time the buy was thought to have cemented his move to the Gold Coast Titans.But weeks later he reneged on a $4 million four-year contract to join the Titans, opting to remain in Sydney.The house, which has four bedrooms, an open-plan design, a pool and is 300m from the surf, is listed with a $1.7 million price tag.last_img read more

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2020-09-28

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South Africa crowned champions and Kenya book their Spot at the Tokyo 2020 Olympics

first_imgKenya managed to book their ticket to the 2020 Olympics as the 2019 Rugby Africa Women’s Sevens comes to an end on its second day The second day of the 2019 Rugby Africa Women’s Sevenssponsored by Société Générale has come to an end on Sunday and so did the tournament.Kenya lost the final game to South Africa 14-15, however, they still managed to qualify for the Tokyo 2020 Olympics.South Africa and Kenya are both entitled to participate now in a qualification tournament for the HSBC World Rugby Sevens Series.Tunisia and Madagascar are qualified for the Olympic repechage tournament June next year. The day started at 09:30 with South Africa beating Morocco 42-00. Madagascar were up next with a victory against Senegal 24-05, while Uganda suffered a 00-33 defeat against the Tunisian hosts.  Kenya beat Zimbabwe 36-05 while Ghana had the final say in their clash against Mauritius, which ended 29-10. Zambia wrapped up the first round of the games with a 24-05 victory over Botswana. South Africa comes out on top against Madagascar 29-00 in the semi-final game while host Tunisia was shown the way out by Kenya after a 00-19 loss.  Madagascar went on to claim the third place after beating Tunisia 05-00.  The final clash between South Africa and Kenya resulted in a victory for the South Africans by a small gap. The final result was 15-14. Final ranking of Rugby Africa Women’s Sevens 2019:South AfricaKenyaMadagascarTunisiaUgandaSenegalMoroccoZimbabweGhanaZambiaBotswanaMauritiusAlongside the tournament, many kids from different schools across Tunisia, gathered for the Get Into Rugby event which was organized in partnership with Société Générale at the training grounds near the main stadium. The U12 kids got to attend a couple of games from the tournament to get a better feel for the atmosphere. The event was wrapped with a group photo with Rugby Africa president, Khaled Babbou, along with many Rugby Africa and Tunisia officials. Reactions President of Rugby Africa Khaled Babbou expressed joy over the outcome of the tournament.“I was very happy with the tournament and the finals. I want to thank the organizers for doing a perfect job, to the Tunisian Rugby Federation for making huge efforts to ensure everything went well. The level of play is improving, the refereeing, and everything that has to do with the evolution of rugby is getting better. I hope we move to higher levels in the next edition. I ask all teams to prepare well, because we have seen many surprises in this tournament. Kenya for example, lost to South Africa by a very small margin. I hope that in the future, things will improve on every level, and I am confident they will.” Head Coach for Kenya Felix Oloo however, expressed disappointment as his team lost.“It was an amazing experience. I am happy for the young girls who were able to express themselves. I’m quite impressed with the performance of my players. We really wanted to win this tournament, but things didn’t go our way. We knew they were ready for us since they knew how we were playing so we changed our structure and played heads up rugby. Things could have been better for us but I’m happy with my players nonetheless.” Paul Delport (Head Coach, South Africa) “I’m very proud of our ladies. In the beginning, we struggled to find our rhythm, but today they stepped up. Kudos to Kenya, they played really well, at times, I thought we kept them in the game, but I guess that’s the game of sevens. People want to see an entertaining match and both teams delivered that. The tournament was fantastic, this is our first time in Tunisia, it’s a wonderful place and the people are very friendly. The organisation was very well put together so we were really happy to be here.  ”last_img read more

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2020-08-27

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