BCA's Washington Briefing

follow us on facebook follow us on twitter follow us on youtube May 15, 2015

AUBURN, Ala. (May 15, 2015) - Supporters of the Export-Import Bank of the United States attended a "Save Alabama Jobs Rally" at the General Electric Plant here and urged Congress to renew the bank's charter prior to its June 30 expiration. Renewal supporters include Business Council of Alabama President and CEO William J. Canary; House Speaker Mike Hubbard, R-Auburn; Sen. Tom Whatley, R-Auburn; Auburn Mayor Bill Ham; Clark Thomason, Regional Manager, Southeast Region, U.S. Chamber of Commerce; Chamber of Commerce of Alabama President and CEO Jeremy Arthur; Bob Smith, Assistant Director of Business Development, Alabama Department of Commerce; and Frank Fogarty, Vice President for Trade and Development, Alabama Port Authority. Supporting companies were GE, Progress Rail Services Corp., Caterpillar, Boeing, and McSweeney Holdings.

COMMITTEE PASSES RED TAPE REDUCTION BILL SUPPORTED BY BCA, U.S. CHAMBER, AND MORE

 

The Senate Homeland Security and Governmental Affairs Committee favorably reported a red-tape reduction bill after the Business Council of Alabama and 301 other industry associations in 46 states and the District of Columbia urged the committee to quickly report S. 280, the Federal Permitting Improvement Act of 2015.

 

The critical legislation would streamline the issuance of environmental permits to developers, helping create jobs and grow the economy, said the U.S. Chamber of Commerce, which thanked supporters of the legislation for prompt action.

The committee voted 12-1 to favorably report the bill, which now goes to the full Senate.

 

Major projects stall or get cancelled due to a dysfunctional permitting process and a system that allows limitless challenges by opponents of development, the Chamber said. "For example, 351 stalled energy projects reviewed in one 2010 study had a total economic value of over $1 trillion and represented 1.9 million American jobs that were not created," the Chamber said.

 

The Federal Permitting Improvement Act of 2015 would reduce lengthy project delays from endless environmental reviews and challenges. Creating millions of jobs is worth ensuring that our government works faster and more efficiently, the Chamber said.

 

The BCA is the U.S. Chamber's exclusive representative in Alabama.

HOUSE PASSES REGULATORY INTEGRITY PROTECTION ACT TO BLOCK WOTUS RULE

 

Voting 261-155 on Tuesday, the U.S. House passed the Regulatory Integrity Protection Act that would require the Environmental Protection Agency and U.S. Army Corps of Engineers to withdraw their draconian and radical Waters of the U.S. rule. Alabama's Republican House members supported the bill. U.S. Rep. Terri Sewell, D-Birmingham, was recorded as "not voting."

 

The proposed rule would allow federal bureaucrats, not congress, to change the definition of "Waters of the United States" and limit private property rights.

 

The vote is a victory for common-sense, clear-thinkers who oppose federal government overreach. Under the rule, the EPA could even regulate roadside ditches that contain water only during heavy rain. A farmer wanting to cut grass on the slope of the ditch would have to obtain permission from the EPA.


The Business Council of Alabama in its 2015 Federal Legislative Agenda opposes attempts to expand the jurisdiction of the Clean Water Act to allow any federal agency to regulate ditches, culverts, and pipes, desert washes, sheet flow, erosional  features, and farmland and treatment ponds as "waters of the U.S.," subjecting the waters to all CWA requirements.
 
SENATOR SHELBY RELEASES DRAFT FINANCIAL REGULATIONS BILL

 

Senate Banking Committee Chairman Richard Shelby, R-Ala., on Tuesday released a draft bill containing the biggest changes to financial regulations since the 2010 Dodd-Frank law. The legislation addresses banking, mortgage insurance financing, and insurance. It would heighten congressional scrutiny of the Federal Reserve and revamp numerous rules faced by small- and medium-size banks, the Wall Street Journal reported.

 

Republicans said the draft legislation is the starting point for negotiations over revamping financial regulations. Among the provisions are a legal "safe harbor" for banks of any size from federal mortgage underwriting standards, proposals to alter the process for determining which banks and other financial firms qualify for stricter regulation and oversight, and some provisions related to mortgage-finance companies Fannie Mae and Freddie Mac, the Journal reported.


The draft bill addresses Federal Reserve Bank policies, specifically Federal Open Market Committee details, addresses more power for Fed regional banks, provides a safe harbor in some cases from federal qualified mortgage rules, reduces some regulations for smaller banks, and increases Federal Reserve scrutiny.

IN CASE YOU MISSED IT 

Regulations Cost $1.9 Trillion, Report Says

Competitive Enterprise Institute (5/11) "In the latest edition of Ten Thousand Commandments released today, the Competitive Enterprise Institute (CEI) reveals the latest on the large, growing 'hidden tax' of America's regulatory state. The annual report indicates a $1.88 trillion hit to Americans consumers and the U.S. economy in 2014 due to federal regulations and intervention. Authored by CEI Vice President for Policy Clyde Wayne Crews Jr., the report analyzes the size, scope and cost of federal regulations, how they affect the American public, and offers recommendations for how members of Congress can increase transparency and accountability when it comes to new and existing federal regulations.

 

"'The federal government's reach extends well beyond Washington's taxes, deficits, and borrowing,' said Crews. 'Federal environmental, safety and health, and economic regulations affect the economy by hundreds of billions of dollars annually. Regulatory compliance costs borne by businesses will find their way into the prices that consumers pay, affect the wages workers earn, and lead to lower levels of growth and prosperity'.

 

"Economy-wide regulatory costs amount to an average of $14,976 per household ... [a]lthough not paid directly by individuals, this 'cost' of regulation exceeds the amount an average family spends on health care, food and transportation. In 2014, agencies issued 3,554 new regulations compared to 224 new laws. The 2014 Federal Register contains 77,687 pages, the sixth highest page count in its history. Among the six all-time-high Federal Register total page counts, five occurred under President Obama."

Bill Filed to End Ban on Crude Oil Exports

The Hill (Henry 5/13) "Sens. Lisa Murkowski (R-Alaska) and Heidi Heitkamp (D-N.D.) have introduced a bill to lift the 40-year-old ban on crude oil exports. The bill would fulfill one of Murkowski's biggest energy priorities and allow American oil companies to export crude oil as they do petroleum products. It would also allow exports of condensate, a type of light crude oil.

"Eleven Republicans have co-sponsored the bill, but Heitkamp is the only Democrat to sign on so far. In a statement, she said the bill would do away with the 'nonsensical, out-of-date' ban. The Independent Petroleum Association of America (IPAA) called the bill 'critical for U.S. energy security, economic growth, increased investment in free trade, and new American jobs'. Lifting the ban has been a top priority for Murkowski and other Republicans, who have pitched the measure as a boon for the oil industry, a win for consumers, and a national security and diplomacy issue."
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 U. S. Rep. Gary Palmer
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