Press Releases


Entries in Legislation (167)



WASHINGTON, D.C. --- Congressman Frank Guinta (NH-1) spoke to New Hampshire auto dealers today about their frustrations with Consumer Financial Protection Bureau (CFPB) rate-setting policies, preventing dealers from lending to worthy borrowers at a discount. The Congressman’s CFPB Indirect Auto Financing Guidance Act, H.R. 1737, would increase transparency and accountability at “an out-of-control federal agency,”  he said.


    “The CFPB is running roughshod over the regulatory process Congress requires for all other government agencies. Although to be fair, the Administration has concocted this one to avoid responsibility to the public or its representatives,” said Rep. Guinta, a Financial Services Committee member. “My bill would rein in overzealous bureaucrats, who in an effort to police car purchases, are costing Granite Staters good deals.”


   Auto dealers have been able to offer those with better credit more competitive rates. “So much for low or no interest rates for qualified borrowers,” said Manchester’s former two-term mayor. “To cope with CFPB harassment, dealers are offering high flat rates to everyone, no matter their credit scores. Or they’re dropping out of the car loan business altogether, ” he added.


    His bipartisan Indirect Auto Financing Guidance Act would require the CFPB to rescind current lending guidelines and conduct a thorough economic review, before issuing further guidance, allowing for greater public comment. “The CFPB has blatantly denied due process, excluding auto-dealers and customers from its decisions,” said the Congressman.


    Rep. Guinta’s bill passed through committee in July and could move to the House floor for a vote in October.


    Peter Welch, president of the National Automobile Dealers Association, praised the legislation. “As a matter of principle, consumers have the right to negotiate, the right to seek a better deal, and the right to choose the loan that’s best for them,” he said. “When you’re paying $30,000 for a car and stretching to do it, consumers should have every possible financial advantage possible.”  






NH Sen Boutin bill to protect leases from real estate tax signed into law 

Concord, NH - A year-long effort by Senator David Boutin (R-Hooksett) to protect New Hampshire businesses from unauthorized taxes recently succeeded. Boutin sponsored SB 232 to protect leases from the Real Estate Transfer Tax, which the Department of Revenue Administration started applying to commercial ground leases without legislative approval.


“The Real Estate Transfer Tax applies to the sale of real property, and was never meant to apply to leases shorter than 99 years,” Boutin said. “This law clarifies the long-standing intent of the Legislature, and reverses the ill-conceived attempt by the DRA to rewrite New Hampshire’s tax code.


DRA Commissioner John Beardmore last summer sought a change in Administrative Rules to allow collection of taxes on commercial ground leases, even though the tax had never been applied that way. Faced with opposition from Sen. Boutin and other members of the Legislature, Beardmore withdrew the request and instead claimed that he already had authorization to levy the tax on leases. Boutin has been working since last summer to clarify the law, and protect New Hampshire businesses from a tax that was never approved by the Legislature.


SB 232 was approved 23-0 by the Senate and sailed through the House on a voice vote before Governor Hassan signed it into law last week.


“This unauthorized tax in commercial leases would have added a drag on our economic recovery, and undermined confidence in the stability and fairness of New Hampshire’s tax code,” Boutin added. “Passing this taxpayer protection into law reassures our business owners that they will not find any surprises in their tax bill.”





NH Sen Bradley praises support of workers’ comp reform 

CONCORD, NH – A critical bill aimed at reducing the cost of workers’ compensation was signed into law this week.


Senate Majority Leader Jeb Bradley (R-Wolfeboro), prime sponsor of the bill, released the following statement on SB 133 becoming law.


“New Hampshire businesses are burdened by high energy costs, high business taxes and high workers’ compensation costs which have continued to stifle job and economic growth in our state.  This legislation, SB 133, is the first workers compensation reform measure that has passed in years, and takes a significant step towards reforming and reducing the high cost of workers’ comp borne by our state’s small business owners,” said Senate Majority Leader Jeb Bradley (R-Wolfeboro).


“We need to keep working to address the high cost of doing business in New Hampshire by reducing business taxes, health care costs, and energy costs as part of a multi-faceted approach to restoring business competitiveness.”


Chapter 210: SB 133-FN—Final Version




NH House - Chapter Bills update 


Attached is an updated list of chapter bills.



US Rep Guinta fighting to preserve Granite State land, water and heritage 


WASHINGTON. D.C. – This week, Congressman Frank Guinta (NH-01) introduced an amendment to the Department of Interior Appropriations package to increase funding for the Land and Water Conservation Fund by $16 million for essential outdoor programs.

“As Granite Staters know, we are blessed to call one of the most pristine ecological environments in our nation ‘home.’  From the Seacoast region to the White Mountain National Forest to Lake Winnipesauke – outdoor recreation and programs are vital to our economy supporting $4.2 billion in consumer spending, nearly 50,000 Granite State jobs and $293 million annually in state and local revenue.  We must continue to fight on behalf of the Land, Water and Conservation Fund to strengthen vital programs which preserve our beautiful state.”


To view Congressman Guinta’s floor speech in support of the Land and Water Conservation Fund, please click here.