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| Foxx Report |
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This week I voted to override President Obama's veto of legislation that would dismantle his deeply flawed health care law and cut federal funding to Planned Parenthood. The vote to override the veto of H.R. 3762, the Restoring Americans' Healthcare Freedom Reconciliation Act, fell short of the required two-thirds majority in a 241-186 vote.
While the vote was unsuccessful, it’s evident that Republicans have a path forward to undo these harmful policies. With a Republican in the White House, it will be possible to remove the heavy hand of the federal government from Americans’ health care and to end the stream of taxpayer dollars that flows to an organization that brutally kills precious, unborn lives.
Holding Iran Accountable
On Tuesday the House passed legislation to increase congressional oversight and prohibit sanctions relief for institutions and individuals supporting terrorism or Iran's ballistic missile program. H.R. 3662, the Iran Terror Finance Transparency Act, would block the president from offering sanctions relief to an individual or bank until certifying that such entity has not conducted a significant transaction with a terrorist organization, the Islamic Revolutionary Guard Corps or in support of either Iran’s ballistic missile or its conventional weapons programs.
The legislation would also prohibit the Obama administration from lifting Iran’s designation as a “Jurisdiction of Primary Money Laundering Concern” until it certifies that the Government of Iran is no longer supporting terrorism, pursuing weapons of mass destruction and their means of delivery or engaging in illicit financial activities.
Additionally H.R. 3662 would provide Congress greater insight into how the Treasury Department licenses specific U.S. companies to do business in Iran and would apply the Congressional Review Act to provide Congress the ability to disapprove of Iran-related changes to the Code of Federal Regulations. Finally the bill would clarify that Iran’s proxies - Hezbollah, Hamas and the Palestinian Islamic Jihad - are defined as terrorist organizations for the purposes of financial sanctions against Iran.
Reducing Barriers to Capital and Encouraging Small Business Growth
Throughout my time in Congress, I have constantly strived to create an environment that spurs economic growth and promotes opportunity for individuals to provide for themselves and their families. Unfortunately, Washington has often tried to get in the way of that goal with short-sighted policies and excessive regulations. This week the House passed H.R. 1675, the Capital Markets Improvement Act, which would help Main Street businesses access the capital they need to grow the economy and create jobs by reducing the burden on small businesses from the Securities and Exchange Commission’s (SEC) regulatory requirements.
Operation Choke Point
The Justice Department claims its investigation dubbed "Operation Choke Point” targets companies that are at higher risk for fraud and money laundering from accessing consumer bank accounts. However, it is just the latest example of the Obama administration’s flagrant end‐run around the will of Congress to achieve politically preferred results. Many blameless businesses are shut out of the banking industry because of a blanket prohibition on entire industries, without concern for whether or not specific businesses are legitimate.
This week the House passed H.R. 766, the Financial Institution Customer Protection Act, which would prevent federal banking agencies from abusing executive power when preventing businesses from using depository institutions. The bill also would require a federal banking agency to provide a depository institution written justification of any request to terminate or restrict a customer account, unless it was based upon a belief that those customers pose a threat to national security.
Carolinians in the Capitol
This week constituents from the 5th District were in Washington to talk about a variety of issues, including congenital heart disease awareness, substance abuse prevention efforts and federal policies affecting physician assistants.
What’s Coming Up
Next week the House will consider the Debt Management and Fiscal Responsibility Act, which would require the administration to testify before Congress and file a report on their plans to reduce federal debt prior to reaching the debt limit. We will also consider legislation that provides clarity and flexibility for small businesses from some of Obamacare’s most costly and burdensome menu-labeling regulations.
Sincerely,
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