The U.S. Capitol. Public domain image.

A bill to modify and roll back some aspects of the 8-year-old Dodd-Frank financial act was co-sponsored this week by Republican Sen. Dean Heller. Although Senate Republicans voted along party lines for the Economic Growth, Regulatory Relief and Consumer Protection act, Democrats were divided with 16 senators voting alongside Republicans. It passed the Senate 67-32.

All the no votes — including the one from Sen. Catherine Cortez Masto — came from Democrats.

The Dodd-Frank Act was a key part of President Obama’s fix in response to the Great Recession. The measure was intended to decrease risks in the coMichelle Rindelsuntry’s financial system while establishing government oversight groups such as the Consumer Financial Protection Bureau (CFPB).

In a statement, Cortez Masto said, “The signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010 was pivotal in rewriting the rules to strengthen oversight and consumer protections against deceitful banks and prevent another housing crisis. But the bank lobbyists pushed back hard. The banking bill before the Senate, S. 2155, is chock-a-block full of favors to Big Banks that dumped millions of dollars into lobbying efforts and now seek to rig the rules in their favor again.”

The bill would make changes to consumer mortgage and credit-reporting regulations, including not requiring banks to report loan data used in evaluating possible housing discrimination.

It also would require credit reporting agencies to provide freeze alerts to consumers and includes consumer credit provisions related to senior citizens, minors and veterans. The bill amends the Truth in Lending Act to allow banks with less than $10 billion in assets to waive ability-to-repay requirements for some residential-mortgage loans.

The Congressional Budget Office (CBO) reported that the bill would change the asset threshold for community banks to any bank with assets under $10 billion. Presently, mid-size banks are regulated under Dodd-Frank the same as large banks including Citigroup. The CBO estimates that implementing the bill would cost $77 million over the next 20 years.

Heller praised the bill as a rollback of regulations that inhibit growth.

“For nearly a decade, burdensome financial regulations meant to protect Americans during the Financial Crisis hurt small community lenders in Nevada, which stifled economic growth and lending,” said Heller. “I’m pleased that the Senate advanced a bipartisan, regulatory relief package that includes my seven measures to help community lenders, protect consumers and veterans and increase oversight of the Federal Reserve and Treasury Department.”

In the Senate, the march to fill judgeships continued at a steady pace. Both Cortez Masto and Heller voted to confirm three District Court judges.

One bill that passed both the House and Senate was S.188. The measure, co-sponsored by Heller, amended a 2014 federal law that prohibits the use of federal funds to pay for official portraits of government employees, including the president and vice president. The amendment will now include a prohibition on federal funding for portraits of all federal government officers and employees, including the president’s cabinet members and members of Congress.

Air pollution was the subject of two bills in the House. Blocking Regulatory Interference from Closing Kilns (BRICK) would prohibit the Environmental Protection Agency from requiring compliance to Clean Air standards for brick, clay and tile manufacturers until a judicial review of the emission rules are completed.

H.R. 762 will also require the EPA to permit power plants that generate electricity by burning coal refuse — a waste byproduct of coal — as their primary fuel source, to comply with an alternative emissions standard for controlling acid gases that is less stringent than current standards.

Republican Rep. Mark Amodei voted to approve the bill. Democratic Reps. Ruben Kihuen, Jacky Rosen and Dina Titus voted against it.

With the Winter Olympics done, representatives are setting their sights on hosting World Cup Soccer. Kihuen co-sponsored H.Con.Res. 111 to support the efforts to bring Fédération Internationale de Football Association (FIFA) World Cup to North America. In 2014, FIFA spent $2 billion when the games were hosted by Brazil. FIFA reports half of the money was pumped directly into the Brazilian economy.

“In Las Vegas, a new team, the Las Vegas Lights, has already generated tremendous excitement and expanded economic opportunity,” Kihuen said in a statement. “I look forward to doing all I can to support the united bid to host the 2026 World Cup.”

Kihuen also sponsored H.R. 5205 to name the only post office in Hawthorne after Sgt. Kenneth Eric Bostic. Amodei joined the Democratic delegates, Rosen and Titus in co-sponsoring the bill. Bostic, a military police officer from Hawthorne, was killed at a checkpoint in Baghdad.

He was 21 years old.

“I think it is a really big honor and a real tribute to my son,” said Patty Thyne, his mother. “Any kid that fights for our country is a hero, but this one is mine. He died back in 2006 and it doesn’t get any easier. Something like this is a huge tribute to him. There are so many tributes to him across the United States but this is in his hometown.”

For a full rundown of the measures the delegates supported or opposed this week, check out The Nevada Independent’s congressional vote tracker and other information below.


SEN. DEAN HELLER

Legislation co-sponsored:

  • S. 2495 – A bill to reauthorize the grant program for school security in the Omnibus Crime Control and Safe Streets Act of 1968.
  • S. 1697 – Taylor Force Act
  • S. 188 – To amend title 31, United States Code, to prohibit the use of Federal funds for the costs of painting portraits of officers and employees of the Federal Government, and for other purposes.

SEN. CATHERINE CORTEZ MASTO

Legislation sponsored:

  • S.Res. 428 – A resolution recognizing the heritage, culture, and contributions of Latinas in the United States.

REP. MARK AMODEI

Legislation co-sponsored:

  • H.R. 173 – Middle Class Health Benefits Tax Repeal Act of 2017
  • H.R. 5205 – To designate the facility of the United States Postal Service located at 701 6th Street in Hawthorne, Nevada, as the “Sergeant Kenneth Eric Bostic Post Office”.

REP. JACKY ROSEN

Legislation sponsored:

  • H.R. 5231 – To amend title 39, United States Code, to prohibit a Member or Member-elect of Congress from mailing as franked mail any material with a photographic image, to establish an annual limit on the amount of funds which may be expended on franked mail by a Member or Member-elect of Congress, and for other purposes.

Legislation co-sponsored:

  • H.R. 947 – FAMILY Act
  • H.R. 2903 – Rural Reasonable and Comparable Wireless Access Act of 2017
  • H.R. 4677 – Small Business Broadband and Emerging Information Technology Enhancement Act of 2017
  • H.Res. 746 – Supporting the goal and ideal of increasing the number of African American women and girls in the engineering profession.
  • H.R. 3681 – ARPA-E Reauthorization Act of 2017
  • H.R. 5042 – Job Creation through Energy Efficient Manufacturing Act
  • H.R. 5136 – To amend the Elementary and Secondary Education Act of 1965 to provide grants to eligible local educational agencies to encourage female students to pursue studies and careers in science, mathematics, engineering, and technology.
  • H.R. 5205 – To designate the facility of the United States Postal Service located at 701 6th Street in Hawthorne, Nevada, as the “Sergeant Kenneth Eric Bostic Post Office”.
  • H.R. 5119 – P3 Act
  • H.R. 5222 – To award a Congressional Gold Medal, collectively, to Korean war combat veterans, in recognition of their dedicated service during the Korean war.
  • H.Res. 768 – Recognizing the heritage, culture, and contributions of Latinas in the United States.

REP. DINA TITUS

Legislation co-sponsored:

  • H.R. 1472 – Military and Veteran Caregiver Services Improvement Act of 2017
  • H.R. 1661 – Affordable Housing Credit Improvement Act of 2017
  • H.R. 4527 – Stop HATE Act of 2017
  • H.R. 4846 – Public Safety Employer-Employee Cooperation Act
  • H.R. 411 – Veteran Suicide Prevention Act
  • H.R. 5205 – To designate the facility of the United States Postal Service located at 701 6th Street in Hawthorne, Nevada, as the “Sergeant Kenneth Eric Bostic Post Office”.
  • H.R. 5011 – Election Security Act
  • H.Res. 768 – Recognizing the heritage, culture, and contributions of Latinas in the United States.

REP. RUBEN KIHUEN

Legislation sponsored:

  • H.R. 5205To designate the facility of the United States Postal Service located at 701 6th Street in Hawthorne, Nevada, as the “Sergeant Kenneth Eric Bostic Post Office.”

Legislation co-sponsored:

  • H.R. 1612 – Gun Show Loophole Closing Act of 2017
  • H.R. 1832 – To authorize the appropriation of funds to the Centers for Disease Control and Prevention for conducting or supporting research on firearms safety or gun violence prevention.
  • H.R. 3464 – Background Check Completion Act of 2017
  • H.Con.Res. 111 – Recognizing and supporting the efforts of the United Bid Committee to bring the 2026 Fédération Internationale de Football Association (FIFA) World Cup competition to Canada, Mexico, and the United States.
  • H.R. 4846 – Public Safety Employer-Employee Cooperation Act
  • H.R. 5106 – Investor Choice Against Gun Proliferation Act
  • H.Res. 755 – Original Black History Month Resolution of 2018

 

INDY FAST FACTS Mark Amodei Job: Member of the U.S. House of Representatives Nevada’s 2nd Congressional District Party: Republican In current office: 2011-present Birthdate: June 12, 1958 Education: University of Nevada, Reno (B.A.) University of Pacific (J.D.) Other public offices held: Nevada Republican Party chairman (2010-2011) State senator, Capital District (1998-2010) Assemblyman (1996-1999) Total donations: $3,720,285 (2009-2018) Top donors: Barrick Gold $43,000 Las Vegas Sands $42,100 Sierra Nevada Corp $39,000 American Society of Anesthesiologists $39,000 National Association of Home Builders $37,000 Last Report: 5/23/18 Credit: Center for Responsive Politics
INDY FAST FACTS Dina Titus Job: Member of the U.S. House of Representatives Nevada’s 1st Congressional District Party: Democrat In current office: 2013-present Birthdate: May 23, 1950 Education: College of William and Mary (B.A.) University of Georgia (M.A.) Florida State University, Tallahassee (Ph.D.) Other public offices held: Member of the U.S. House of Representatives Nevada’s 3rd Congressional District (2009-2010) State Senator, District 7 (1989-2008) Total donations: $8,158,737 (2007-2018) Top donors:  MGM Resorts International $136,060 University of Nevada $62,859 Carpenters & Joiners Union $60,000 Rocky Research $58,300 Painters & Allied Trades Union $57,000 Last Report: 5/23/18 Credit: Center for Responsive Politics
INDY FAST FACTS Jacky Rosen Job: Member of the U.S. House of Representatives Nevada’s 3rd Congressional District Party: Democrat In current office: 2017-present Birthdate: August 2, 1957 Education: University of Minnesota, Twin Cities (B.A.) Other public offices held: None Total donations: $7,133,798 (2017-2018) Top donors: EMILY's List $178,768 League of Conservation Voters $80,270 DE Shaw & Co $69,500 University of Nevada $40,038 Omni New York $32,400 Last Report: 6/11/18 Credit: Center for Responsive Politics
INDY FAST FACTS Ruben Kihuen Job: Member of the U.S. House of Representatives Nevada’s 4th Congressional District Party: Democrat In current office: 2017-present Birhdate: April 25, 1980 Education: University of Nevada, Las Vegas (B.A.) Other public offices held: State Senator, District 10 (2010-2016) State Assemblyman, District 11 (2007-2010) Total donations: $987,929 (2012-2018) Top donors: Naqvi Injury Law $10,800 Border Health $10,000 Jobs, Opportunities & Education PAC $10,000 Tpp Export America $10,000 UNITE HERE $10,000 Last Report: 12/31/2017 Credit:  Center for Responsive Politics
INDY FAST FACTS Catherine Cortez Masto Job: U.S. Senator Party: Democrat In current office: 2017-present Birthdate: March 29, 1964 Education: University of Nevada, Reno (B.A.) Gonzaga University (J.D.) Other public offices held: Nevada State Attorney General (2007-2015) Total donations: $20,683,341 (2011-2018) Top donors: EMILY's List $565,735 League of Conservation Voters $401,508 J Street $185,558 University of California $77,798 University of Nevada $57,754 Last Report: 12/31/2017 Credit: Center for Responsive Politics
INDY FAST FACTS Dean Heller Job: U.S. Senator Party: Republican In current office: 2011-present Birthdate: May 10, 1960 Education: University of Southern California (B.A.) Other public offices held: Member of the U.S. House of Representatives Nevada's 2nd Congressional District (2007-2011) Nevada Secretary of State (1995-2007) State Assemblyman (1990-1994) Total donations: $21,463,574 (2005-2018) Top donors: Station Casinos $117,900 Votesane PAC $92,000 MGM Resorts International $74,500 Blackstone Group $48,400 Capital Group $38,800 Credit: Center for Responsive Politics
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