CEI Today: Farm Bill defeat, PRISM surveillance, and Dodd-Frank developments


Fox News:
House defeats farm bill amid bipartisan opposition

In a defeat for Republican leadership, the House on Thursday rejected a sweeping farm bill, amid opposition from both sides of the aisle.

More than 60 House Republicans defected and voted against the half-trillion-dollar bill, which sets funding for farm subsidies and other assistance as well as food stamps.  

The vote was 234-195 against the bill.
> Read the Fox News story

> Interview Fran Smith
about the Farm Bill


Huffington Post: Has Your CEO Been Suborned Into Trampling the Constitution?

The Constitution of the United States was constructed on four principles. First, the government would be based on the rule of law, not the whims of men. Second, the central government would be limited to strictly enumerated powers. Third, the exercise of those powers would be carefully divided across three co-equal branches. And finally, as a bulwark against tyranny, a Bill of Rights was added that specifically prohibits government from encroaching on a defined set of inalienable rights.

The Obama administration, building on the bipartisan foundation established by its predecessors and under the actions of Attorney General Eric Holder, has managed to violate all four of these principles with its PRISM surveillance program. 
> Read more

> Interview Bill Frezza


More Recognition that Dodd-Frank Harms Main Street Banks, Farmers, and Airline Passengers

In two high-profile forums last week, Dodd-Frank, the financial “reform” law sold as targeting Wall Street, was shown to have a devastating effect on Main Street businesses — from community banks to farmers and manufacturers.

While we will have to wait to see how the court will rule [in a constitutional
lawsuit against Dodd-Frank (in which the Competitive Enterprise Institute is a co-plaintiff)], a strong majority of the U.S. House of Representatives — including many Democrats — voted to scale back Dodd-Frank rules on derivatives. Again, arguments about Dodd-Frank hurting Main Street were at center stage. And in this case, they carried the day. > Read more

> Interview John Berlau



CEI and 19 other free market organizations sent a joint letter to Speaker Boehner and Majority Leader Cantor urging a floor vote on the concurrent resolution, H. Con Res. 24, expressing the sense of Congress that a carbon tax would be detrimental to the United States economy. > View the coalition letter




CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government.  For more information about CEI, please visit our website, cei.org, and blogs, Globalwarming.org and OpenMarket.org.  Follow CEI on Twitter! Twitter.com/ceidotorg.


June 13, 2013: Deirdre McCloskey Wins CEI’s Julian Simon Award

Deirdre McCloskey, a distinguished economic historian and author of many books, including The Rhetoric of Economics, The Bourgeois Virtues, and Bourgeois Dignity, received CEI’s Julian Simon Memorial Award on June 20 at CEI’s annual dinner. CEI Founder and Chairman Fred L. Smith, Jr.  talks about how McCloskey’s work embodies the same joie de vivre and optimistic spirit that animated Simon’s thought.