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Entries in US Rep Frank Guinta (605)

Thursday
Dec032015

US REP GUINTA SUPPORTS HOUSE OVERRIDE OF JOB-KILLING EPA REGULATIONS 

ADMINISTRATION ENVIRONMENTAL RULES WOULD RAISE SOARING GRANITE STATE ENERGY COSTS

 

WASHINGTON, D.C. –  With the support of Congressman Frank Guinta (NH01), the U.S. House of Representatives yesterday passedtwo resolutions of disapproval of Environmental Protection Agency (EPA) regulations that Rep. Guinta said would cripple the country’s energy sector and fragile economy.

 

    He pointed to studies showingenergy costs in New Hampshire are some of the most expensive in the nation, discouraging new business and manufacturing in an area losing population.“New Hampshire needs dependable energy to increase its appeal to diverse industries, reliant on low fuel costs, and to attract young workers, leaving for friendlier economic climates. The Granite State exists in a competitive national and global business environment, drawing away our best and brightest, eager to work or start families,” he said.

 

    “New England is on pace tolose ten percent of its local energy output,” elaborated Rep. Guinta. “Renewable fuels have not caught up to demand. Cutting production further, as the EPA plans to do, would raise prices in our own state, especially, where we already have enormous per-unit energy costs.

 

    The Congressional Review Act permits Congress to override federal regulations costing $100 billion or more via an expedited legislative procedure known as a Resolution of Disapproval. The U.S. Chamber of Commerce estimates the EPA’s regulations could cost American homes and businesses $289 billion per year and 224,000 jobs nationwide. One would effectively prohibit new coal-power plants, the country’s largest source of energy. The other would institute a cap-and-trade system that Democrats, when they controlled Congress from 2008 to 2010,declined to pass into law.

 

    “I’m just as concerned about another Administration end-run around the Constitution and Congress – because the public expects its representatives to protect jobs and the economy, as well as the environment. I’ve fought to preserve New Hampshire’s natural resources and will fight to preserve low energy costs, too.”said Rep. Guinta. “We can do both.”

 

    A member of the House Financial Services Committee, the Congressman, the former mayor of Manchester, said new EPA regulations would have the heaviest impact on low- and middle-income Granite Staters, whose energy costs make up a larger share of their take-home pay.  

 

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Wednesday
Dec022015

US REPS GUINTA, KUSTER HOST DC HEROIN BRIEFING WITH FEDERAL HEALTH AND ENFORCEMENT AGENCIES 

WASHINGTON, D.C. – Today, Representatives Frank Guinta and Annie Kuster, New Hampshire’s two U.S. House members, held the first Congressional briefing of their new Bipartisan Task Force to Combat the Heroin Epidemic, which they created in October.

 

   “It seems everyone in New Hampshire has a personal story to tell about the devastating effect of heroin on our communities.”said Rep. Guinta. “Rep. Kuster and I organized today’s event to share some of those stories and the latest news and information from federal agencies. I’m pleased to report real progress, as well as greater public awareness. But we still have a long way to solve a rapidly advancing health crisis.”

 

      At a U.S. Capitol auditorium, they brought together personnel from the Drug Enforcement Administration (DEA), Office of National Drug Control Policy (ONDCP), Centers for Disease Control and Prevention (CDC), the National Institutes of Health (NIH) and Substance Abuse and Mental Health Services Administration (SAMSHA) –  federal agencies responsible for the country’s response to a growing heroin epidemic, which claims at least one life in the United States every day, according to Dr. Wilson Compton, Director of NIH’s Institute on Drug Abuse.

 

    “Today’s briefing was an important step towards establishing lasting solutions to end this terrible epidemic,”said Rep. Kuster. “I continue to see the impacts of this heartbreaking epidemic as I meet with affected communities and families across my district.  And in conversations with colleagues, I know that this is a nation-wide epidemic. Conversations like the ones between our panelists today are vital, and I look forward to continuing this collective effort to make a real difference in the lives of those struggling with addiction and their families.”

 

 

    Fentanyl, a legal, synthetic opiate frequently manufactured illegally and combined with heroin, was the primary topic of discussion. Agency personnel said that, because coroners rarely test for common fentanyl, which is up to 50 times more powerful that its opiate cousin, the synthetic drug could be responsible for a large share of nationwide heroin-related deaths.

 

    Heroin-related overdoses and deaths have almost doubled over the last ten years across the U.S. In the Midwest and Northeast, including New Hampshire, the numbers are higher. In October, the CDC and DEA issued a joint public heath advisory, noting an increase in pure fentanyl abuse.

 

    New Hampshire and neighboring Massachusetts rank in the DEA’s top-ten states by fentanyl seizures. Ohio ranks first. Due to the Granite State’s small size and proximity to other high-intensity drug-trafficking areas, Rep. Kuster emphasized the federal government must tightly control drugs moving across state lines.

 

    Kemp Chester, Chief of the ONDCP’s Heroin Coordination Group, said federal and state controls have successfully diminished the spread of prescription opiates like OxyContin and Oxycodone. However, with four out of five heroin addicts having initially experimented with such legal prescription drugs, he expects even more to migrate to street heroin as a substitute.

 

     SAMSHA’s Robert Lubran mentioned several new therapies to treat overdose and addiction. This year, Rep. Guinta introduced legislation to increase patients’ access to the potentially life-saving medication Naloxone. He and Rep. Kuster also introduced the STOP ABUSE Act in November to strengthen federal law enforcement, treatment and prevention measures.

 

     Their Bipartisan Heroin Task Force counts over 40 Republican and Democratic members. Nearly 100 House members and staff attended today’s briefing. “In my 18 years as a police officer,” said Congressman Steve Knight of California, “I saw firsthand the damage that heroin and other drugs inflict on families and communities. The heroin epidemic is a serious problem across this nation—from New Hampshire to California—and I want to thank Congressman Guinta and Congresswoman Kuster for their work on this important issue.”

 

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Saturday
Nov212015

US REP. GUINTA TO HOST MILTON SENIORS' TOWN HALL ON MONDAY 

WASHINGTON, D.C. – Congressman Frank Guinta (NH01) will host a town hall event on Monday at the Milton Town Hall, he announced today.“At Milton on Monday, seniors will learn about my efforts in Congress to obtain a Social Security cost of living increase for them,”he said. “We’ll also talk about the subject on everyone’s mind, recent terrorist attacks and the refugee crisis.”

 

The Congressman voted for the SAFE Act yesterday to halt the country’s refugee program, until proper security measures are in place. The Milton town hall will be Rep. Guinta’s 13th this year. It will be open to the media and take place at the following location:

 

A Seniors’ Town Hall with Rep. Frank Guinta

Monday, November 23rd, 2015

3:00PM – 4:00 PM

 

AT:

 

Milton Town Hall

424 White Mountain Highway

Milton, NH 03851

 

 

Saturday
Nov212015

US REP. FRANK GUINTA BRINGS FED AGENCY CHAIRWOMAN MATZ TO MEET NEW HAMPSHIRE CREDIT UNIONS 

GRANITE STATERS AIR CONCERNS ABOUT OVER-REGULATION OF STRUGGLING LOCAL LENDERS

 

MANCHESTER, NH – Congressman Frank Guinta (NH01) convened a meeting today for New Hampshire credit unions with the National Credit Union Administration (NCUA), the federal regulator that oversees their shrinking business, due, they say, to the independent agency’s increasing authority outside Congressional control.

 

    NCUA Chairwoman Debbie Matz traveled to New Hampshire for the event.“It was an opportunity for community lenders to voice their concern about an overreaching Washington agency, hurting small Granite State banks and economies,” said Rep. Guinta.“We pressed Chairwoman Matz to stay true to her agency’s promised Year of Regulatory Relief. So far, results have been meager."

 

     Non-profit credit unions provide financial credit to geographic areas or similar industries. 2010’s Dodd-Frank law allows the NCUA to regulate them like big banks with more resources. As a result, credit unions have shrunk in number, consolidating to cope with government demands, leaving small and rural communities, in particular, with fewer options.

 

    “Credit is still hard to come by for Granite Staters seeking home, business and car loans. It’s a constant refrain I hear from my constituents and also nationally,” said Rep. Guinta, a member of the House Financial Services Committee and its Subcommittee on Financial Institutions and Consumer Credit.

 

    “Dodd-Frank and the Administration’s execution has helped Wall Street to the detriment of Main Street, where many middle-class Americans have not recovered from the economic downturn. Ten percent higher compliance costs at community financial institutions are undercutting their ability to offer low rates and personal service.”

 

     Rep. Guinta said the NCUA is part of a trend of concentrating power in Washington, D.C.“Like other independent agencies, the NCUA receives funding through industry fees, rather than through an open Congressional appropriations process. The danger is bureaucrats there might believe they are above reproach.”

 

    He elaborated that, under its current leader, the agency has never held a budget hearing or published an advance copy of its budget, which has grown at a double-digit rate.  

    

    Credit unions in Manchester, Portsmouth, Nashua and Rochester attended today’s event, which the New Hampshire Credit Union League helped to organize. “New Hampshire is home to the nation’s first credit union,” said Rep. Guinta, Manchester’s former mayor. “We’re making sure our tradition of local banks with local understanding continues.”

 

 

 

 

 

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Thursday
Nov192015

ICYMI: WSJ on Rep. Frank Guinta's Bipartisan Plan to Stop the CFPB's War on Car Dealers 

ICYMI:

The House of Representatives will vote today on Congressman Frank Guinta’sCFPB Indirect Auto Financing Guidance Act, H.R. 1737. The New Hampshire congressman’s bipartisan legislation would “instruct the bureau to allow public comment and to publish its data and analysis online before issuing new rules on auto financing,” which threaten the ability of car dealers to offer low rates to qualified car buyers, according to the Wall Street Journal.

Rep. Guinta introduced his bill earlier this year to help consumers save millions of dollars annually, he says.“My bill would rein in overzealous CFPB bureaucrats, who in an effort to police car purchases, are costing Granite Staters good deals.”166 cosponsors, including 65 Democrats, have signed on. More below from today’s Journal.

 

 

IN CASE YOU
MISSED IT

Nov. 18, 2015

 

http://financialservices.house.gov/UploadedPhotos/MediumResolution/788d053b-66d6-4830-9a1a-b41b7f5df5e6.png

NOTE:  The House of Representatives is scheduled later today to consider H.R. 1737, the bipartisan bill mentioned in this editorial.

 

On Wednesday the House is expected to vote down the Consumer Financial Protection Bureau’s extralegal campaign against the nation’s auto dealers. This is an important moment. Even Democrats are beginning to push back against the regulatory agenda crafted by President Obama and Massachusetts Senator Elizabeth Warren. Let’s hope the dissident donkeys survive the experience.

The consumer bureau has been forcing settlements on banks that provide financing via car dealers by claiming the dealers are discriminating with higher rates against minority borrowers. The bureau’s standard procedure is not to offer evidence of bias. Instead, the regulators guess the ethnicity of borrowers based on their last names and where they live, and then demand cash payments if the people they guess are black or hispanic seem to be paying higher rates than the people they guess are white. Every time we write about this policy we have to remind ourselves we work for the Journal and not the Onion.

The bureau no doubt enjoyed the headlines when it persuaded Ally Bank to fork over $80 million in damages (and $18 million in penalties) in December 2013. But once Ally put the $80 million for consumers into escrow in January 2014, this created something of a challenge for the bureau. Up to that point the regulators hadn’t had to present actual victims. What if many of the borrowers who had allegedly suffered were white? What if an honest accounting proved no one had been victimized?

Now, almost two years after Ally provided the money, it’s not clear that the alleged victims—if they exist—have been made whole. When we asked the bureau on Tuesday whether all the checks had gone out, a spokesman referred us to a message on the website of the settlement administrator. It helpfully tells borrowers: “Please be patient. It may take several months to receive and review any forms received. We anticipate payments to be issued later this year or early next year.”

According to the Journal, the government has been sending out letters lately to borrowers it is pretty sure are minorities, informing them of their good fortune but also asking them to write back if they aren’t minorities. We’re not sure the honor system will work here. But if lots of white people do turn down the windfall, all that will prove is that the discrimination claims were bogus in the first place.

At the heart of the bureau’s outrageous regulatory campaign is its March 2013 “bulletin” that effectively codified its policy against dealer discretion in setting interest rates. This Beltway diktat never went through the normal rule-making process.

But on Wednesday a bipartisan bill with 65 Democratic co-sponsors will come to the House floor. The measure would knock down this informal guidance and instruct the bureau to allow public comment and to publish its data and analysis online before issuing new rules on auto financing.

It would also require the bureau to study the costs of such a rule on various affected parties. Imagine that. As for the regulators, they’ve done enough imagining about this market. Let’s hope next time they just stick to the facts.

http://www.wsj.com/articles/democrats-vs-bureaucrats-1447805074

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