Duffy Urges Department of Education To Restore Education Funding For Rural Wisconsin
Washington DC – Wisconsin Congressman Sean Duffy, chairman of the House Financial Services Subcommittee on Housing & Insurance, today called on the Department of Education to restore education funding for students in Rural Wisconsin.
The Department of Education recently announced a procedural change regarding applications for the Gaining Early and Readiness for Undergraduate Programs (GEAR UP). This change indicated that $3.5 million in GEAR UP grant money would be taken from Wisconsin’s program and given to other states.
“Students in Wisconsin’s rural communities deserve the resources necessary to thrive in the 21st century economy,” said Congressman Duffy. “I have been in contact with the Department of Education regarding this policy change, and I urge Secretary DeVos to restore GEAR UP funding to our rural communities.”
October 6, 2017
My number one priority as your representative is to serve you and to be in contact with you.
And whether it's discussing policy issues over a Facebook live town hall, responding to constituent letters, discussing your concerns at an in-person town hall, or assisting your involvement with the federal government at one of our district offices, my team is here for you!
And for Wisconsinites in the nothern-most part of the district, I am excited to announce that my Hayward office has moved locations!
Appointments can now be made for meetings at: 15569 Railroad St. Suite 302 Hayward, WI 54843
Honor Those Who Run Towards Danger To Protect Others
Foxconn Is Going To Be Huge!
The announcement that the tech giant Foxconn is coming to Wisconsin is huge news for the Badger State! Not only will they make a $10 billion investment, but they'll also bring thousands and thousands of jobs to Wisconsin. I recently spoke with Fox Business' Stuart Varney about all of the benefits this deal with bring.
Click HERE or the image below to watch!
Until next week!
Sean DuffyRead More
Duffy Introduces Bipartisan FIO Reform Act
Washington DC – Wisconsin Congressman Sean Duffy, chairman of the House Financial Services Subcommittee on Housing & Insurance, today co-introduced the Federal Insurance Office (FIO) Reform Act with Congressman Denny Heck (D-WA). The FIO Reform Act would:
Washington DC – Wisconsin Congressman Sean Duffy, chairman of the House Financial Services Subcommittee on Housing & Insurance, today introduced the Trust Preferred Securities Act (TruPS), which exempts small community banks from the international capital requirements designed for large globally active financial institutions under the Basel III capital rules. This bill will restore billions of dollars in lending capacity to consumers and small businesses in areas served by these community banks.
- BASEL III capital rules went into effect in January of 2015 to treat the largest international banks uniformly with respect to their capital.
- BASEL III rules also apply to community based financial institutions although the community bank model in the united states is unique among other countries and poses no systemic risk to the financial system.
- Community banks are concerned that the new capital requirements enforce a deduction of a common asset class known as Trust Preferred Securities, typically held by community banks.
- Basel III requires banks and bank holding companies to deduct the carrying amount of their Trust Preferred Securities (TruPS) portfolio from Tier I capital if those securities represent more than ten percent of total capital.
- The TruPS Act would require the appropriate federal banking agencies to treat certain non-significant investments in the capital of unconsolidated financial institutions as qualifying instruments and provide relief to financial institutions from Basel II rules.
It isn't every day that a Democrat from Oregon and a Republican from Wisconsin agree on policy ideas, but that's exactly the case when it comes to reforming the National Flood Insurance Program. Congressman Earl Blumenauer and I have teamed up to reform this broken system.
We recently made the case for reform in Bloomberg View. Check out a quick excerpt:
"It would be hard to find a more unlikely pair of congressmen than the two of us to find agreement on a highly controversial issue. After working on the complicated issue of flood insurance, however, we’ve concluded that the way the federal government handles disasters is itself a disaster.
"Drastic reform of the National Flood Insurance Program is long overdue. The program now subsidizes insurance for millionaires, puts low-income families in harm’s way, and keeps people trapped in vulnerable homes by masking the true risk of flooding. The president and Congress have just extended the program for three months, creating a perfect opportunity for Congress to enact bipartisan reforms.
"The NFIP was established nearly 50 years ago for good reason: The private sector had no appetite or capacity to undertake the tremendous and unpredictable risk of flooding. But over the years, the program has been seriously mismanaged. And today, technology has made it easier to manage and predict risks. So it’s worth exploring ways to give private insurance companies the incentive to share the financial costs of flood insurance.
"Congress will not change this system overnight, but it can start moving in the right direction.
"We must deal with the program’s debt — now more than $24 billion — and put it back on a fiscally responsible path."
Click HERE or the image below to read the entire piece on why we must reform the National Flood Insurance Program.
I also recently spoke with Wausau's WZAW about the need to reform our flood insurance program. Click HERE or the image below to watch the interview.
"Like" and "SHARE" on Facebook if you agree that poor and moderate-income people should not have to subsidize the wealthy to rebuild flooded vacation homes!
Bipartisanship is also essential in tackling America's opioid crisis. It has destroyed communities and families across America, and it will take an all-the-above approach to address this issue.
I wrote about some of the strategies we must use in a recent post to DrydenWire. Here's a quick excerpt:
"I hear all the time that our families are increasingly threatened by a toxic drug epidemic, but lack the resources to fight back. Where temptation used to come in the form of an uncle’s unlocked liquor cabinet, six in ten Americans who are prescribed opioids now keep leftover for future use. Another one in five share their prescriptions with family and friends. Others have seen increased access to harmful street drugs on the black market, including marijuana, heroin, and crystal meth."
Check out the full post on DyrdenWire by clicking HERE or the image below. Remember to "like" and "SHARE" on Facebook.
Until next week!
Sean DuffyRead More
Washington DC – Wisconsin Congressman Sean Duffy, chairman of the House Financial Services Subcommittee on Housing & Insurance, today welcomed the news that a Fabrication Lab Workforce Development grant of $500,340 has been awarded to the Village of Osceola Wisconsin. According to the Economic Development Administration (EDA), the anticipated economic impact of the grant is 39 jobs created, 55 jobs saved, and $975,000 in private investment leveraged.
“Congratulations to Osceola on being awarded this massive federal grant,” said Congressman Duffy. “In June, I wrote a letter in support of this federal grant because I am a strong believer in what Fab Labs can do for Wisconsin’s economy. And I am excited that this grant will help solidify Osceola as a center for high-tech manufacturing and innovation, and it will encourage even more jobs to come to the badger state.”
For Congressman Duffy’s letter of support for this federal grant from June 23, 2017, please click HERE.
EDA grants are awarded through a competitive process based upon the application’s merit, the applicant’s eligibility, and the availability of funds. More information on EDA’s grant process and investment process can be found at www.eda.gov.
Washington DC – Wisconsin Congressman Sean Duffy, chairman of the House Financial Services Subcommittee on Housing & Insurance, today alongside Rep. Denny Heck (D-WA), co-introduced the International Insurance Standards Act of 2017.
Specifically, the International Insurance Standards Act would:
Washington DC – Wisconsin Congressman Sean Duffy, chairman of the House Financial Services Subcommittee on Housing & Insurance, today alongside Rep. Gwen Moore (D-WI), co-introduced the Business of Insurance Regulatory Reform Act to reform a component of the Consumer Financial Protection Bureau.
Specifically, the Business of Insurance Regulatory Reform Act:
• Clarifies the business of insurance in the Consumer Financial Protection Act of 2012 by defining exceptions and limitations as to jurisdiction of the CFPB.
• Limits jurisdiction of CFPB and reaffirms that enforcement is broadly construed in favor of the authority of the State insurance regulator.
• Jurisdiction to be limited includes any person providing a consumer financial product or service when that person is engaged in the business of insurance.
Under Sec. 1027(f) of the Consumer Financial Protection Act, the Consumer Financial Protection Bureau (CFPB) is prohibited from regulation the “business of insurance.” Despite the prohibition under current law, the CFPB has demonstrated an interest in insurance products and has pushed the boundaries of its own authority by regulating products that fall under the purview of state insurance regulators.
Last week, Hurricane Harvey reached Texas and Louisiana. And as you read this, Hurricane Irma is quickly approaching the southeastern United States. These are serious storms with tragic consequences.
These hurricanes remind us that our nation badly needs a flood insurance program that helps people and is actually solvent.
Right now, the National Flood Insurance Program is $25 billion in debt, and it continues to reward people's foolish behavior when it comes to where they build their homes or what mitigation efforts are put in to prevent flood damage.
Furthermore, people in northern Wisconsin are subsidizing wealthy people to continuously build beach-front properties. That isn't right. The status quo is simply unacceptable.
That's why I voted against today's legislation. It ignores much-needed reform and just continues Obama-era policies that will keep our National Flood Insurance Program broken.
I spoke with Fox Business News' Maria Bartiromo about the need for real, substantive flood insurance reform. Check out the interview by clicking HERE or the image below.
The Nitty Gritty Of Tax Reform
Our current tax code is too complex and burdensome. It hurts everyday Americans and is a job killer. We can give a much-needed boost to our economy and create jobs right here in America by overhauling our tax code and making our businesses competitive in a global market. In fact 72% of Americans believe that tax reform will benefit them positively!
While the plans are still being finalized, there is a lot of great info about what our goals are when it comes to tax reform.
Click HERE or the link below to check out some of the nitty gritty details of House Republicans' tax reform plans. "Like" and "Share" on Facebook to show your support for fixing our broken tax code!
Standing Up For Wisconsin's Dairy
Agriculture is so important to Wisconsin's economy and way of life. That's why I've recently held several Ag Roundtables to gather input from Wisconsinites. Lots of great ideas on how to keep Wisconsin’s ag industry flourishing for generations to come!
Click HERE or the image below to view the video! Remember to “like” and “Share” on Facebook.
Until next week!
In communities across America, drug abuse is a serious problem that ruins lives and tears families apart.
Not only is it important that we collaborate as a community on the best way to confront drug abuse, it's also critical that we support our law enforcement officials who take on this scourge head-on.
One such instance took place this spring: after a three-year investigation conducted by local, state, and federal law enforcement agencies, 19 individuals have pleaded guilty to conspiring to distribute meth in central Wisconsin. During that period, the individuals involved distributed 127 pounds of meth, at a value of $5.7 million.
This is real-deal police work, and it saved lives. I recently honored the Lincoln County Sheriff's Office for their work in this investigation.
Click HERE or the image below to watch the video of the ceremony. Remember to "like" and "SHARE" on Facebook!
Also of note, the Lincoln County Sheriff's Office worked hand-in-glove with several other agencies, including: Wisconsin Department of Justice, Division of Criminal Investigation; the Wausau office of the Federal Bureau of Investigation; the Drug Enforcement Administration; the Marathon County Sheriff's Office Special Investigations Unit; the Wausau Police Department, and IRS Criminal Investigation.
Click HERE to read the official Congressional Record that honors these heroes!
Drug Enforcement Roundtable
Another important way to address the drug crisis- whether it's meth, heroin, or opioids, is to have an open discussion as a community. It's truly encouraging that we can come together to confront this issue directly. That's why I was proud to host a Drug Enforcement Roundtable where we had a great collaboration with Lt. Governor Rebecca Kleefisch, Attorney General Brad Schimel, as well as first responders from around the district.
Click HERE or the image below to watch the entire roundtable.
Click HERE or the image below to view some of WAOW's coverage of the Roundtable.
Veterans Office Hours Coming Soon!
I am pleased to announce the arrival of Sean Lybert to our Hudson, Wisconsin office! Sean is a Wisconsin Army National Guard and US Army veteran. He has joined our office through the CAO Wounded Warrior Fellowship Program, focusing on veterans outreach. He is hosting Veterans Office Hours in Bloomer on September 8!
Click HERE or the image below for more details!
Until next week!
Sean DuffyRead More
1208 Longworth HOB
Washington, DC 20515
Congressman Sean Duffy was born and raised in Hayward, Wisconsin. His great, great grandfather was one of the state’s early pioneers and a laborer for the Northwestern Lumber Company. His great grandfather, one of Hayward’s founding settlers, was a sawyer for 27 years.
Congressman Duffy has never strayed far from his roots, becoming a nationally recognized professional lumberjack athlete. He is a two-time world champion in the 90-foot speed climb, three-time champion in the 60-foot and an accomplished log-roller. Sean has been a color commentator for ESPN’s Great Outdoor Games, as well as a Badger State Games Honorary Athlete and takes pride in bringing national attention to a sport with vital roots in Wisconsin’s proud history.
The tenth of eleven siblings, Congressman Duffy worked his way through law school by performing in lumberjack shows and exhibitions across the state of Wisconsin and around the country. After graduating from law school he practiced law for two years in Hayward before becoming a special prosecutor in Ashland, Wisconsin. Shortly thereafter, he became the acting assistant D.A, and later the District Attorney of Ashland County. He is most proud of his dedication to prosecuting child sex crimes. Working together with law enforcement, Congressman Duffy helped make Ashland County one of the first counties in the state to investigate and prosecute child Internet sex crimes.
Congressman Duffy met his wife Rachel Campos-Duffy, an Arizona native, through the MTV show, “The Real World,” Together, they are the proud parents of six children: Evita, Jack, Lucia-Belen, John-Paul, Paloma, and MariaVictoria.
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President Trump will meet with the governor of Puerto Rico at the White House tomorrow.
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Sean Lybert, our Hudson office's Veterans Outreach Specialist, is available next Monday at Cafe Next Door. Veterans… https://t.co/t9hRg9Cl4u
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