The following statement can be attributed to Congressman Steve Stivers (R-OH) regarding the attack at the Manchester Arena:
“In light of the tragic attack in Manchester last night, I want to extend my prayers to the victims and their families, and my thanks to the first responders. These senseless acts of violence should only strengthen our determination in the fight against terrorism.”
WASHINGTON, DC – Last week, Representatives Steve Stivers (R-OH) and Jackie Speier (D-CA) reintroduced the Energy Tax Fairness Act, a bipartisan bill which will help manufacturers and businesses reduce energy costs, mitigate pollution, and bring much needed parity to the Tax Code for participants in the distributed energy generation market.
Specifically, this legislation will encourage the development of linear generators, a low-cost and highly efficient technology that can produce electricity from almost any fuel source, including clean natural gas and biomass. Currently, U.S. companies developing this technology are at a competitive disadvantage because linear generators do not qualify for an investment tax credit under section 48 of the Tax Code. The tax credit is available to many other existing distributed generation solutions, such as solar, fuel cells, microturbines and combined heat and power systems.
“I support an all-of-the-above energy strategy to encourage the production and development of both traditional and renewable sources of energy,” Stivers said. “Our Tax Code plays an important role in allowing new and innovative sources of energy to come to market, and this bill will allow companies to compete on a level playing field. I am proud to reintroduce this legislation that will create jobs, enhance energy security and lower costs for Americans.”
“My district in the San Francisco Bay Area is at the forefront of developing creative solutions that prove we don’t have to choose between jobs and sustainable energy - we can have both,” Speier said. “This bill ensures that the emerging technology of linear generators will have the ability to create jobs and compete on the open market without the fear of being unfairly punished by the tax code. Both energy security and environmental safety are key to our children’s future.”
Linear generation technology can be used meet large- and small-scale needs, benefiting in particular commercial and industrial users, public sector facilities, like schools and hospitals, and residential homes. Additionally, these generators provide power that can run uninterrupted, even in an electrical grid outage.
The Energy Tax Fairness Act will begin to roll back the harmful provisions of the Tax Code that picks winners and losers, giving this technology an equal footing in the developing energy market.
Today, the Financial Services Committee started the mark-up process for the Financial CHOICE Act, an important step in the effort to bring choices and opportunity to the American people. The regulations that resulted from the Dodd-Frank Act in the wake of the financial crisis have caused more harm than good for consumers, sometimes even preventing some from getting loans for cars or homes, while failing to guard against future crisis.
We believe that there is a better way forward, one that can provide Americans with more opportunities, give small businesses the access to the capital they need to succeed, and bring more accountability to our financial system. That is why I am proud to support the CHOICE Act.
Included in the CHOICE Act is a provision based on a bill that I introduced in the 114th Congress, the SAFE Transitional Licensing Act. This provision makes a minor change to the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act to require states to issue transitional licenses to individuals who were employed by a financial institution and are a registered loan originator. This allows loan originators to have a smooth employment transition between bank and non-bank entities. For independent mortgage lenders, the CHOICE Act will give them the opportunity for job mobility, rather than have their hands tied by Washington’s red tape.
An additional provision included in the CHOICE Act is designed to help small businesses by enhancing the ability of Business Development Companies (BDCs) to finance small and middle market businesses. The middle market sector has an outsized impact on economic growth and job creation in the United States. But partly because of Dodd-Frank, traditional banks are exiting the middle market, leaving these important job creators without the financing they need to operate and expand their businesses. My bill would help fill this financing gap by providing a modest increase in the amount BDCs can borrow, enabling them to provide significantly more capital to small and middle market companies.
Finally, the CHOICE Act also brings additional accountability and oversight of the Consumer Financial Protection Bureau (CFPB). Based on another piece of my legislation from the 114th Congress, the CHOICE Act includes a provision that will require an independent Inspector General for the CFPB. Government accountability is more important than ever, and it is important that we take the necessary steps to ensure the CFPB is accountable to the American people.
Our economy has suffered under the stifling regulations of Dodd-Frank, and consumers have paid the price. I look forward to working with my colleagues on the Financial Services Committee, and the rest of Congress to pass the CHOICE Act and deliver the opportunity, access, and accountability the American people deserve.
Steve Stivers is a Member of Congress from Ohio’s 15th Congressional District.
1022 Longworth HOB
Washington, DC 20515
Raised in Ripley, Ohio, Steve Stivers learned from his mother and father the importance of family, hard work and public service, which have been the values he has carried with him through his life, whether as a student at The Ohio State University, a soldier serving overseas, as a State Senator, or as a Member of Congress.
Stivers is currently serving his third term as a Member of Congress and represents Ohio’s 15th Congressional District, which is made up of 12 counties including: all of Athens, Clinton, Fairfield, Hocking, Madison, Morgan, Perry, Pickaway, and Vinton counties, and parts of: Fayette, Franklin, and Ross counties.
Stivers is serving his third term his third term on the Financial Services Committee, which oversees the banking, insurance, real estate, public and assisted housing, and securities industries. Members who serve on the committee also work on housing and consumer protection legislation and oversee Fannie Mae and Freddie Mac, the Federal Deposit Insurance Corporation, the U.S. Department of Housing and Urban Development and the Federal Reserve Bank.
In addition, Stivers has been tapped to serve on the Committee on Rules, which is charged with determining which bills reach the House Floor for a vote. Historically, the Committee is often known as “The Speaker’s Committee” because it was chaired by the Speaker up until 1910 and is the means through which the Speaker of the House manages the House Floor. The Committee also determines how long and under what rules the full body of the House will debate each bill.
Throughout his career, Steve Stivers has led the way supporting programs and initiatives to encourage job creation, promote economic development, and put our country’s fiscal house in order. As he wrapped up a successful first term in office, two of Stivers veterans bills, the HIRE at Home Act and TRICARE for Kids, were rolled into the National Defense Authorization Act and signed into law by the President. In his second term in office, Stivers had two bills make their way to the President’s desk. These two bills, H.R. 1391 and H.R. 4189,would re-name two postal facilities located in Ohio’s 15th Congressional District after our fallen veterans. These bills are a small measure Congress can take to honor the lives of brave service members who gave the ultimate sacrifice for our freedoms.
Prior to running for Congress, Stivers served in the Ohio Senate and before that worked in the private sector for the Ohio Company and Bank One, where he focused on promoting economic development and encouraging job creation.
A career soldier, Stivers has served 29 years in the Ohio Army National Guard and holds the rank of Colonel. He served the United States overseas during Operation Iraqi Freedom in Kuwait, Iraq, Qatar and Djibouti where he led 400 soldiers and contractors and is proud that each and every one returned home safely to the United States. Stivers received the Bronze Star for his leadership throughout the deployment.
Stivers received both his bachelor’s degree and his MBA from The Ohio State University and resides in Columbus with his wife, Karen, and children, Sarah and Sam.
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We’re back in DC with a full schedule – 20 bills being voted on this week. Learn more here: https://t.co/EabAPE70fL