CEI Today: Congress grills Dimon, plus Senate action on Utility MACT & Rubio RAISE Act


Foxnews.com: Forget Jamie Dimon -- Congress needs to look in the mirror

“Jamie Dimon gets kid-glove treatment from Senators,” the front-page headline in Politico screamed after the JPMorgan Chase CEO testified and was questioned by the Senate Banking Committee late last week.

Fast forward to this week. Politico's Kate Nocera and other Beltway scolds are warning the House Financial Services Committee not to give Dimon such “kid glove” treatment when he testifies in the other chamber Tuesday.

But the real story from last week's testimony was not the lack of scrutiny for Dimon. There were plenty of tough, but still polite, questions for him. What really made the pro-big government elites foam at the mouth was that, for once, government spending and regulation did not get the kid gloves.

Thanks to questions from South Carolina Republican Sen. Jim DeMint, and others, who shifted the subject to big-picture topics and flawed government policies such as the Dodd-Frank financial “reform,” the hearing is actually a model for Tuesday's event and for future economic hearings. > Read more: http://www.foxnews.com/opinion/2012/06/19/forget-jamie-dimon-congress-needs-to-look-in-mirror/#ixzz1yK8vlG8G

> Interview John Berlau



CEI.org: CEI to Score Amendment to Farm Bill

This week, the Senate is expected to vote on Amendment No. 2166 to the Agriculture Reform, Food, and Jobs Act (S.3240), better known as the Rewarding Achievement and Incentivizing Successful Employees Act (RAISE) Act.  The Amendment is sponsored by Sen. Marco Rubio (R-Fla.).

CEI labor policy analysts will score the Senate vote on the Rubio Amendment and incorporate the scores into CEI’s Congressional Labor Policy Scorecard, which is maintained and updated on WorkplaceChoice.org. The scorecard reflects Members’ voting records on all significant matters of worker rights.

Currently, union workers’ wages are dictated by collective bargaining agreements made between a union and an employer. Collective bargaining agreements not only create a floor for worker’s wages, they also establish a ceiling. The vast majority of these agreements grant pay increases on seniority, not merit. In other words, unionized employees can only see an increase in their salary through longevity—no matter how productive they are and how hard they work. The RAISE act would remove the barrier of employers to give their workers pay increases. > Read more on CEI.org

>Interview Vincent Vernuccio

> Keep up with all labor union news at Workplacechoice.org



Big Costs, Illusory Benefits: Why Congress Should Nix The Utility MACT


The U.S. Senate is expected to vote soon on legislation (S.J.Res.37) sponsored by Sen. James Inhofe (R-Okla.) to overturn one of the most costly regulations ever adopted by the U.S. Environmental Protection Agency (EPA).

Known as the Utility MACT Rule, the regulation establishes first-ever maximum achievable control technology (MACT) standards for hazardous air pollutant (HAP) emissions from power plants.

Clearly, Congress would not enact the MACT Rule were it introduced as a bill and put to a vote. That should be reason enough for the people’s representatives to overturn the Rule and reclaim their constitutional authority to determine the content and direction of national policy.

  > Read the full commentary on Forbes.com

> Interview Marlo Lewis





CEI's Warren T. Brookes Journalism Fellowship is a one-year fellowship that aims to provide journalists the opportunity to improve their knowledge of free markets principles and limited government through interaction with CEI policy experts.  

Previous Warren Brookes Fellows have included Washington Examiner columnist Timothy Carney, Reason magazine science correspondent Ron Bailey, columnist Michelle Malkin, and author James Bovard.

The fellowship begins in October, 2012. The deadline for application is July 31.  To apply, send resume or CV along with a cover letter outlining a project plan for the fellowship that relates to CEI's issue areas.  Contact: chall@cei.org.

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