Scott Tipton

Scott Tipton

COLORADO's 3rd DISTRICT

Tipton: Don’t Close Out Millions of Middle and Low Income Americans Planning for Retirement Fiduciary Rule

2016/04/28

Washington D.C.—Today, Congressman Scott Tipton (CO-3) voted in favor of H.J. Res. 88 which disapproves of the Department of Labor’s (DOL) definition of a "fiduciary" and the consequent rule pertaining to a perceived conflict of interest with respect to retirement investment advice that would restrict access to financial planning advice and education for millions of low to moderate income Americans who rely on financial advisers to help them plan for retirement.

“Many of the millions of Americans who would be directly impacted by this rule have a close relationship with their retirement advisor and have spent years strategizing how to best invest so they can live a comfortable post-retirement life. To have a federal agency interject itself into this relationship is wrong and indicative of the ever-increasing bureaucratic regulation of Americans’ entire lives,” said Tipton.  “I am supportive of consumer protections where needed to ensure a safe and fair marketplace, but this rule does neither, is misguided, and will have severe consequences for hardworking Americans looking to have access to financial education and advice through their financial planner. I will continue to oppose executive overreach and the expanding regulatory state wherever I see it.”   

Background:

  • Earlier this month, Tipton released a statement in response to DOL’s announcement of its finalized fiduciary rule.
  • July, 2015: Tipton signed a letter with over 40 Members of the House expressing concern about DOL’s proposed rule saying it would limit consumers’ access to retirement savings tools under the guise of providing more consumer protections. The signatories agreed consumer protections were important but should not limit consumers’ freedom to choose how they save for retirement. Tipton also signed onto two more letters with several more Members of Congress questioning the DOL’s favoritism towards fee-based business models over commission-base ones and asked the department to heed the calls from Congress, industry professionals and consumers before finalizing the rule.
  • September, 2015: over 100 Members sign a letter asking DOL Secretary Perez to abandon the rule-making process for the so-called “fiduciary rule” altogether, just as they had done when the rule sparked controversy during President Obama’s reelection campaign.
  • October, 2015: Tipton voted in favor of H.R.1090 - the Retail Investor Protection Act, which passed the House with a bipartisan vote of 245-186 and would require the Department of Labor to yield rule-making actions of this kind to the Securities and Exchange Commission (SEC).
  • Also in October, 2015: Tipton joined his Colorado GOP House colleagues in penning a letter encouraging DOL to maintain investor access to a variety of investment options.

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Gardner, Tipton Blast EPA on Lack of Compensation for Gold King Mine Spill

2016/04/28

Washington, DC – Senator Cory Gardner (R-CO) and Representative Scott Tipton (CO-03) today reacted to a report that revealed the Environmental Protection Agency (EPA) told La Plata County it would not receive full reimbursement for the costs that resulted from the Gold King Mine spill, which occurred on August 5, 2015 after the EPA released millions of gallons of wastewater into the Animas River.

“If the reports are accurate, it’s outrageous the EPA does not intend to fully reimburse La Plata County for the disaster it created,” said Gardner. “This is yet another example of the Washington double standard and it’s unacceptable, shameful, and will be fiercely challenged. The EPA must keep its promise to the people of Colorado and abide by the standards it expects of others. I’ll do everything I can to ensure La Plata County, San Juan County, affected tribal communities, and my constituents are fully compensated and the EPA is held wholly accountable for its negligence that’s resulted in property damage and lost economic opportunity for local communities, businesses, and families in Colorado.”

“This is par for the course with the EPA,” Tipton said. “I have been skeptical of the EPA’s management of this situation from the onset and find it offensive to the communities in my district that the EPA, who is directly responsible for this disaster, has so blatantly admitted La Plata County, and others, will not receive full compensation for the damages caused by this spill. The EPA’s admission has raised a whole new set of questions and brought into serious question their competency and capability to fulfill the promises they have already made to the affected communities. We will not let up on the EPA. La Plata and San Juan counties as well as all of the other affected communities, businesses and individuals, must receive full compensation for this disaster.”

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Tipton Delivers Keynote Address at Key Financial Conference

2016/04/28

Washington D.C.—Today, Congressman Scott Tipton (CO-3) delivered the keynote address at the 5th Annual Power of Prepaid Conference in Washington hosted by the Network Branded Prepaid Card Association (NBPCA). Tipton shared his insights regarding the regulatory and compliance frameworks overseeing prepaid products as well as the impacts regulators have on financial service providers nationwide.

Tipton also discussed the unintended consequences of Dodd-Frank and how its implementation has actually perpetuated the chronic and systemic problems in America’s financial system while suffocating Main Street’s ability to grow.

“I am thankful to have had this opportunity to speak to this important sector of our financial system and address some of the key economic challenges operators face within this current regulatory climate,” Tipton said after the conference. “What many people do not realize is that rules and regulations coming out of Washington are packaged in hundreds, and in Dodd Frank’s case many times thousands, of pages of confusing language and have taken years to develop. These rules are rarely, if ever, subject to congressional oversight and ultimately hurt the everyday consumer. This is especially true in the case of prepaid cards. These are crucial financial tools that provide alternatives to conventional banking for the 68 million Americans considered unbanked and under-banked. Regulations that cut off this important lifeline to the financial system are irresponsible and will harm consumers instead of helping them.”

Read the full transcript of Tipton’s NBPCA address here.

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Tipton, House Task Force Colleagues Working to Quell Opioid Epidemic

2016/04/27

Washington D.C.—Congressman Scott Tipton (CO-3), a Member of the Bipartisan Task Force to Combat the Heroin Epidemic, highlighted the task force’s legislative agenda which includes prevention and addiction treatment, as well as targeted security and enforcement proposals. Tipton is the cosponsor of legislation focused on opioid abuse prevention efforts and addiction treatment, and is forming community task force working groups that will begin meeting in June to enhance local coordination and communication on the opioid epidemic, and identify further solutions to solve the problem. The local working group agenda and schedule will be announced in the coming weeks.

“Beyond securing our borders and enabling law enforcement to do their jobs, expanding opioid abuse prevention efforts and treating those already afflicted with addiction is perhaps the most important action Congress can take to empower states and localities to continue to combat this nationwide epidemic,” Tipton said. “Across the Third Congressional District, from Pueblo to Moffat counties, we have seen the use, abuse and sadly, mortality rates rise in recent years. I will continue to work with my colleagues on the task force in a bipartisan fashion to pass legislation providing communities and local agencies the resources they need to prevent addiction from taking hold, treat those already addicted to opioids and get those individuals back on their feet.”

***Read the Full House Task Force Agenda HERE***

Background:

  • Tipton has cosponsored the Jason Simcakoski PROMISE Act (H.R. 4063), which requires the Department of Veterans Affairs (VA) and the Department of Defense (DOD) to update their clinical Practice Guidelines for Management of Opioid Therapy for Chronic Pain and establish new charters of working groups to assess each department’s ability to identify and treat opioid abuse.
  • Tipton cosponsored the Cradle Act (H.R. 3865), which requires the Centers for Medicare and Medicaid Services (CMS) to establish and clearly define guidelines for pediatric recovery centers seeking certifications to treat infants with Neonatal Abstinence Syndrome (NAS).
  • Tipton cosponsored the Heroin and Prescription Opioid Abuse Prevention, Education, and Enforcement Act (H.R. 2805), which requires the Department of Health and Human Services, the VA, DOD, and the Drug Enforcement Administration to create a Pain Management Best Practices Inter-Agency Task Force. In addition to the creation of the task force and public awareness campaigns, this bill requires all states which receive funds for substance abuse monitoring programs to implement better educational standards for prescribers and dispensers of prescription opiates.

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Custer County Mobile Office Hours

2016/04/27

Custer County – Westcliffe

WHO: Field Representative, Doug Fitzgerald

WHEN: Thursday, May 12th, 2016 from 10:00am to 12:00pm AND 1:00pm to 3:00pm

WHERE: Westcliffe Town Hall (Benson Hall), 305 Main Street, Westcliffe 81252

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Lake County Mobile Office Hours

2016/04/27

Lake County – Leadville

WHO: Regional Director, Brian Meinhart

WHEN: Wednesday, May 11th, 2016 from 11:00pm to 1:00pm (Mountain)

WHERE: Lake County Building, 505 Harrison Avenue, Leadville 80461 (Commissioner’s Chambers)

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Ouray County Mobile Office Hours

2016/04/27

Ouray County – Ridgeway

WHO: Regional Director, Brian Meinhart

WHEN: Tuesday, May 10th, 2016 from 11:00am to 1:00pm (Mountain)

WHERE: Ouray County Fairgrounds and 4-H Event Center, 22739 Highway 550, Ridgway 81432

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Montrose County Mobile Office Hours

2016/04/27

Montrose County - Montrose

WHO: Regional Director, Brian Meinhart

WHEN:  Wednesday, May 4th, 2016 from 10:00am to 1:00pm (Mountain)

WHERE: Elks Civic Building, 107 S. Cascade Avenue, Montrose, 81401

(Proceed to Black Canyon Conference Room)

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Rio Grande County Mobile Office Hours

2016/04/27

Rio Grande County – Monte Vista

WHO: Field Representative Brenda Felmlee

WHEN: Wednesday, May 4th, 2016 from 1:00pm to 3:00pm (Mountain)

WHERE: Monte Vista City Hall, 95 West 1st Ave., Monte Vista 81144  (Proceed to conference room)

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Delta County Mobile Office Hours

2016/04/27

Delta County - Delta

WHO: Regional Director, Brian Meinhart

WHEN: Tuesday, May 3rd, 2016 from 12:00pm to 3:00pm (Mountain)

WHERE: Delta County Courthouse, 501 Palmer Street Room 236, Delta 81416

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Tipton Backs Bill to Protect Community Banks

2016-04-14 19:11:28


Tipton Backs Repeal of Dodd Frank's Title II

2016-04-13 17:38:34


KRDO Covers Tipton's Pueblo Town Hall & Previews Jobs Fair

2016-04-07 14:55:22


Washington Update from Congressman Scott Tipton - March 2016

2016-03-25 15:56:49


Tipton: No Trust or Verification of Regulations on Community Banks

2016-03-22 20:04:06


Tipton's TAILOR Act Clears Financial Services Committee

2016-03-02 21:40:12


Rep. Scott Tipton Pushes to Incentivize Carbon Capture Innovation in Private Sector

2016-02-25 18:12:08


Rep. Scott Tipton Speaks on Floor Against President's Proposed Oil Tax

2016-02-11 21:11:58


Rep. Scott Tipton Speaks Against Operation Choke Point

2016-02-04 17:12:14


Weekly Update from Congressman Scott Tipton: Go Broncos

2016-02-05 18:56:58


Tipton Rebukes BLM for Denying Coloradans Suffiencient Time to Comment

2016-01-07 17:14:36


Holiday Message from Congressman Scott Tipton

2015-12-18 17:53:25


Rep. Scott Tipton Questions Witnesses on Data Collection and Accountability at CFPB

2015-12-16 18:03:15


Rep. Scott Tipton Makes the Case for Responsible and Affordable Energy Production

2015-12-01 19:43:27


Rep. Scott Tipton's Message for Veterans Day 2015

2015-11-10 18:19:07


Update from Congressman Scott Tipton: NDAA and Reconciliation

2015-10-23 20:17:10


Witnesses testify in support of Rep. Scott Tipton's TAILOR Act

2015-10-21 15:56:34


Legislative Update from Congressman Scott Tipton: New EPA Spill

2015-10-09 18:30:15


Rep. Scott Tipton Speaks on House Floor in Support of the Small Bank Exam Cycle Reform Act

2015-10-06 20:35:03


Rep. Scott Tipton Questions CFPB Director on Prepaid Account Rule

2015-09-29 18:25:58


Contact Information

218 Cannon HOB
Washington, DC 20515
Phone 202-225-4761
Fax 202-226-9669
tipton.house.gov

Committee Assignments

Financial Services

Congressman Scott Tipton was raised in Cortez, Colorado. He graduated from Ft. Lewis College in Durango, where he studied Political Science and became the first person in his family to earn a college degree. After college, he returned home to Cortez and co-founded Mesa Verde Indian Pottery with his brother Joe. It was through his business that Scott met his wife, Jean, who is a former school teacher. The Tipton’s have two daughters, Liesl and Elizabeth, and two  sons-in-law, Chris and Jace.

After a lifetime running his small business, Scott was elected as a Republican to the Colorado House of Representatives for the 58th District in November of 2008. During his time at the state House, he worked to ensure quality water for the people of Colorado and to improve the air quality of Southwest Colorado. He also sponsored legislation to protect children from the worst criminal offenders by mandating harsher penalties for child sex-offenders and allowing law enforcement to collect DNA evidence from suspects through Jessica’s Law and Katie’s Law.

Scott was first elected to the U.S. House of Representatives in 2010 and again in 2012 for a second term.

In the 112th Congress, Scott pushed hard to advance a federal version of Katie’s Law to encourage additional states to implement minimum DNA collection standards and enhanced collection processes for felons in order to strengthen law enforcement’s ability to prevent violent crimes, and protect women and children.  That effort became a reality when the President signed Katie’s Law on January 3, 2013.

Using his positions on the House Natural Resources, Agriculture and Small Business Committees, Scott has is fighting for the issues that most directly impact Coloradans, many of which involve our state’s extensive open spaces and natural resources.  In his first term, Scott introduced legislation to encourage healthy forest management and prevent wildfire, as well as passed a bill in the House with bipartisan support to advance the development of clean, renewable hydropower.  He is also leading the charge in Congress to stop a federal grab of privately-held water rights, standing up for farmers and ranchers, the ski industry, and all who rely on their water rights to survive.

Scott is champion of advancing an all-of-the-above energy solution that balances common sense conservation with responsible development. He passed the Planning for American Energy Act through the House (as a title under the American Domestic Energy and Jobs Act) to put requirements into place to develop wind, solar, hydropower, geothermal, oil, natural gas, coal, oil shale and minerals, based on the needs of the American people.

Scott has used his experience as a small businessman to inform his work as a Subcommittee Chairman on the Small Business Committee. Here he has worked to protect farmers and ranchers from regulatory overreach, as well as push for expanded trade opportunities for Colorado products. Scott is a co-founder of the Congressional Small Business Caucus, a bipartisan caucus committed to open dialogue on the issues that most impact small businesses.  Members of the Congressional Small Business Caucus are dedicated to advancing efforts to foster the economic certainty needed for small businesses and entrepreneurs to succeed and create jobs.

In the 113th Congress, Scott continues to represent the many interests of one of the most diverse and geographically vast districts in the nation. He will fight to bring Colorado common sense to Washington—focusing on reforming regulation, protecting Colorado’s natural environment, encouraging responsible all-of-the-above energy development, reducing government spending, and removing hurdles so that small businesses can do what they do best—create jobs.


Serving With

Ken Buck

COLORADO's 4th DISTRICT

Doug Lamborn

COLORADO's 5th DISTRICT

Mike Coffman

COLORADO's 6th DISTRICT

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