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Senator Warner Discusses Need to Strengthen TWIC Card Security at a Senate Commerce Committee Hearing
The estimated student loan debt in America is $1.2 trillion, said Sen. Mark Warner (D-Virginia) in an interview with the Spartan Echo on May 1; this is greater than the estimated credit card debt in America.
Warner says knowing so many jobs will be maintained could spur other economic growth. "This shows some of the uncertainty we saw with sequestration hopefully will be in the rear-view mirror," Warner said.
Both chambers of Congress passed the DATA Act unanimously this month, representing a rare showing of widespread agreement between Democrats and Republicans. Sens. Mark Warner (D-Va.) and Rob Portman (R-Ohio) sponsored the legislation.
“This broad, bipartisan reform proposal reflects more than 18 months of solid work, and has been examined during a dozen public hearings by the Banking Committee. It’s a complicated bill that impacts 20% of our economy, and the continued government conservatorship of Fannie and Freddie is not a responsible option."
“This broad, bipartisan reform proposal reflects more than 18 months of solid work, and has been examined during a dozen public hearings by the Banking Committee. It’s a complicated bill that impacts 20% of our economy, and the continued government conservatorship of Fannie and Freddie is not a responsible option."
In the Capital: Mark Warner's DATA Act Passes the House, Improving Government Transparency
Apr 29 2014
On Monday Senator Mark Warner's magnum opus piece of legislation, the Digital Accountability and Transparency Act, passed the House of Representatives with bipartisan support. The bill now heads to President Obama's desk to be signed into federal law.
Politico: America’s Housing Market Is Broken
Here’s how a bipartisan group of senators is trying to fix it.
Apr 29 2014
"They say that the best time to fix a leaky roof is when the sun is shining. So now that we are out of the financial storm, this is the time to fix our broken housing finance system. If we don’t, we will be no better prepared for the damage that will rain down when the next tempest comes."
These are pretty gross distortions of the status quo, in which big banks already supply most mortgages, and of a proposal for change that would replace the busted Fannie-Freddie model of implicit, unlimited government backing for securitized mortgages with an explicit, limited federal guarantee that would require private-sector bond issuers to absorb most catastrophic losses.
Today’s mortgage market is far from healthy, and unless reformed it will deteriorate further, resulting in higher mortgage rates and less lending to creditworthy borrowers.
