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http://www.govtrack.us/congress/billtext.xpd?bill=h112-2990
Introduced Sept. 21, 2011:
SEC. 2. FINDINGS; PURPOSES.
(a) Findings- The Congress finds as follows:
(1) Nearly 14,000,000 Americans are currently unemployed, another 12,000,000 estimated Americans are underemployed, wages are stagnant and millions of Americans are being asked to take pay cuts.
(2) Over 43,000,000 Americans live below the poverty line, 49,000,000 of Americans go to bed hungry at night, and an estimated 3,000,000 Americans are homeless.
(3) Over 1,500,000 non-business bankruptcies were filed in calendar year 2010, the highest number in five years, and the index of small business optimism is at a low not seen in nearly two decades.
(4) More than 2,000,000 homes are in foreclosure and millions of homeowners are falling behind in their mortgage payments; the housing market in terms of construction and sales has undergone an historic decline; and the declining value of housing means Americans’ largest single investment, the home, is no longer a safe harbor for savings, nest eggs, social mobility or the transfer of generational wealth.
Many of the suggestions we’ve received have a common request: put Ron Paul on the candidate list.
Here’s the problem: Ron Paul is running in the Republican primary. He is registered on early state ballots as a Republican, meaning he cannot challenge President Obama in the Democratic caucuses and primaries. At most, you could vote for him as a “write-in” candidate in the Democratic primaries, but this strategy is doomed to fail.
We are trying to field a viable challenger in the Democratic primary, who will appear on the ballot, debate President Obama and win the nomination on a program of economic recovery, not regressive austerity.
It’s clear from your messages that many of you support Ron Paul because you want a change from the dominance by Wall Street, the Federal Reserve and permanent war economy.
Another way to bring about those changes is to challenge Obama from within his own party. With only 11 days to go before the New Hampshire filing deadline (Nov. 1), your energy would be better spent emailing, tweeting, or calling your preferred Democratic or independent candidates and asking them to run against President Obama.
http://www.govtrack.us/congress/bill.xpd?bill=h112-459
http://www.govtrack.us/congress/bill.xpd?bill=s112-202
4/12/2011–Introduced.
Federal Reserve Transparency Act – Directs the Comptroller General to complete, within 12 months after enactment of this Act, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress.
Apr 12, 2011 – Introduced in House. This is the original text of the bill as it was written by its sponsor and submitted to the House for consideration. This is the latest version of the bill currently available on GovTrack.
Continue reading S. 202 and H.R 459/1496: Federal Reserve Transparency Act of 2011: Co-sponsored by Reps. DeFazio, Kucinich and Kaptur
http://www.govtrack.us/congress/bill.xpd?bill=s111-2886
12/16/2009–Introduced.
Banking Integrity Act of 2009 – Amends the Banking Act of 1933 (Glass-Steagall Act) to prohibit a member bank from being affiliated with specified organizations engaged principally in the issue, flotation, underwriting, public sale, or distribution of stocks, bonds, debenture, notes, or other securities. Prohibits the staff and personnel of corporations and partnerships (as well as any individual) primarily engaged in the issue, flotation, underwriting, public sale, or distribution, of stocks, bonds, or other similar securities, from serving simultaneously as an officer, director, or employee of any member bank of the Federal Reserve System. Authorizes the Board of Governors of the Federal Reserve System to grant limited exceptions. Prohibits a depository institution from engaging in the business of insurance or any insurance-related activity.
Continue reading Sen. Maria Cantwell: “S. 2886: Banking Integrity Act of 2009.” Would restablish Glass-Steagall.
http://www.govtrack.us/congress/bill.xpd?bill=h111-4191
12/3/2009–Introduced.
Let Wall Street Pay for the Restoration of Main Street Act of 2009 – Amends the Internal Revenue Code to impose an excise tax on certain securities transactions, including transactions in stocks, futures, swaps, credit default swaps, and options. Exempts transactions for securities held in tax-exempt retirement accounts, health savings accounts, educational accounts, and regulated investment companies. Allows the purchaser of securities a credit against the excise tax for the lesser of the tax incurred or $250 ($500 for married couples filing joint tax returns). Requires withholding of excise tax amounts by the transferor of securities subject to the tax. Requires one-half of the tax revenues raised by this Act to be held in a separate Job Creation Reserve account to offset additional costs from the Surface Transportation Authorization Act of 2009 and subsequent legislation to fund job creation. Expresses the sense of Congress that one-half of the tax revenues raised by this Act shall be used to reduce the federal deficit.
Continue reading Rep. DeFazio reintroduces H.R. 4191: “Let Wall Street Pay for the Restoration of Main Street Act.” A 0.25% tax on financial speculation
http://www.govtrack.us/congress/bill.xpd?bill=s111-2927
12/23/2009–Introduced.
Wall Street Fair Share Act – Amends the Internal Revenue Code to impose an excise tax on securities trading facilities, brokers, and purchasers for certain securities transactions. Sets such tax at .25% of the fair market value of the security traded. Defines “security” to include stock in a corporation, partnership interests, debt instruments, or interests in certain derivative financial instruments. Exempts from such tax an initial issue of securities, transactions in certain retirement, education, and health savings accounts, and transactions in mutual funds. Allows the purchaser of securities a credit against the excise tax for the lesser of the tax incurred or $250 ($500 for married couples filing joint tax returns). Requires withholding of excise tax amounts by the transferor of securities subject to the tax.
Continue reading Sen. Harkin’s S. 2927: “Wall Street Fair Share Act.” Wall St. speculation tax of 0.25%
http://www.govtrack.us/congress/bill.xpd?bill=h112-1489
4/12/2011–Introduced.
Return to Prudent Banking Act of 2011 - Amends the Federal Deposit Insurance Act (FDIA) to prohibit an insured depository institution from being an affiliate of any broker or dealer, investment adviser, investment company, or any other person or entity engaged principally in the issue, flotation, underwriting, public sale, or distribution of stocks, bonds, debentures, notes, or other securities. Prohibits officers, directors and employees of securities firms from simultaneous service on the boards of depository institutions, except in specified circumstances. Requires any such individual serving as an officer, director, employee, or other institution-affiliated party of any insured depository institution to terminate such service as soon as practicable after enactment of this Act. Requires an insured depository institution to wind-down in an orderly manner and terminate any affiliation prohibited by this Act. Amends the Banking Act of 1933 (Glass-Steagall Act) to expand its prohibition against the transaction of banking activities by securities firms. Declares that Congress ratifies the interpretation by the Supreme Court of specified statutory language in the case of Investment Company Institute v. Camp ( ICI vs. Camp) regarding permissible activities of banks and securities firms.
Continue reading Rep. Kaptur introduces H.R. 1489 to restore Glass-Steagall, repeal Graham-Leach-Bliley
VIDEO: Kaptur opposes Trade Deals
http://www.kaptur.house.gov/
Congresswoman Marcy Kaptur today urged colleagues to reject proposed “free trade” agreements with South Korea, Colombia and Panama, comparing them to the NAFTA deal that killed American jobs. She called for a “new course” on trade that will put American workers first.
“Creating jobs should be our number one priority, not killing jobs,” said Congresswoman Kaptur. “These unfair, unbalanced agreements will not have a demonstrable, positive impact on job creation. We have lost six million manufacturing jobs in the past decade. Enough is enough.
“These latest agreements simply continue the failed trade policies embodied by NAFTA. We have seen how these agreements have led to the outsourcing of U.S. jobs and production. We need a new direction in trade policy that puts the needs of working American families first.”
Continue reading Kaptur Opposes Three Trade Agreements, Urges ‘New Direction’ That Puts American Workers First
1. Wall St. sales tax of 1% on their $3.7 quadrillion in annual speculative financial transactions: The casino economy speculators who caused the depression must pay for it. A tax of 1% at current turnover rates will curb speculation and yield trillions of dollars for preserving Social Security, Medicare, and Medicaid; help fund new infrastructure, education, and health care programs; and finance the debt service for the states and federal government
2. Reform the private Federal Reserve monopoly: Fully audit the Federal Reserve with the goal of nationalizing the bank under the Treasury Department and Congressional authority as mandated by Article 1, Section 8 of the Constitution. Stop the trillions of dollars in secret 0% interest loans to insolvent Wall Street banks and instead immediately release $1 trillion in credit for small businesses, infrastructure and education.
3. Immediate freeze on all foreclosures of primary family residences: Modeled on the successful Frazier-Lemke Act during the New Deal. This, along with a modification program for mortgage interest rates, will stop Wall Street predators from putting working Americans on the street during a recession and help end the wave of “fraudclosures,” robo-signings, and the illegal theft of private property by banks that do not hold the deed.
4. Student loan amnesty: Loan forgiveness and long-term interest rate reductions on the $800 billion in federal student debt will give young people an economic future instead of dooming them to a life of debt-service. Expand federal student loan forgiveness for those who engage in broad categories of public interest work, modeled on the Loan Repayment Assistance Programs currently available at some American universities.
5. Comprehensive national infrastructure programs: Create 30 million union-wage jobs building a national network of high-speed railways and broadband internet, new roads, power plants, schools and hospitals.
6. Defend the Fourth Amendment and right to privacy: Immediate repeal of the PATRIOT Act, Domestic Security Enhancement Act (PATRIOT Act II), and the Military Commissions Act; enforce Posse Comitatus and stop the federalization of police under the FBI’s Fusion Centers and NORTHCOM; immediately end the dragnet-style wiretapping of Americans by the NSA, US CyberCommand and their partners in private telecom; stop the CIA’s continuing use of extraordinary rendition torture; end the TSA regime of illegal gropings, naked body scanners, and interrogations expanding around the country.
7. End failed foreign wars: Withdraw from the costly, illegal wars in Afghanistan, Iraq, and Libya as well as the undeclared drone wars in Pakistan, Yemen, and Somalia. Cease the privatization of wars via mercenary contractors like Xe, SAIC, Raytheon, Lockheed, Northrop Grumman, and L-3 Communications.
8. Increase cooperation with other world powers while respecting sovereignty: Stop the use of NATO “missile defense” and “color revolutions” as a weapons of intimidation against Russia; sign the international treaty to ban the use of weapons in outer space; end the sanctions regimes against Iran and Cuba and engage them as trade partners; end bellicose relations with Venezuela and other ALBA countries; end unconditional foreign aid to Israel by formally demanding an end to the occupation and blockade of Gaza and settlements in the West Bank; stop the Pentagon’s creation of bioweapons at BSL-4 laboratories; begin immediate multilateral peace talks with China, Russia, and the other member states of the Shanghai Cooperation Organization; stop using the World Bank and IMF as economic weapons via regressive loans, forced privatization, currency manipulation and shock therapy.
9. Cease support for terrorist proxies working for NATO military and economic interests: Withdraw all CIA support for al Qaeda-linked Libyan rebels as well as the violent resistance in Syria; remove US financial and military support for the Muslim Brotherhood, Kurdish PKK, Kosovo Force, Jundullah, Turkistan Islamic Movement, Chechen separatists, and other similar Western proxy rebels.
10. Modern environmental reform: Ban genetically-modified foods and cloned animals until their safety can conclusively be proven, as the European Union currently does; end improper GMO patents by Monsanto, Bayer, Dow Chemical, and other private conglomerates seeking to generically-engineer all life on the planet; regulate carcinogenic endocrine-disruptors like BPA, phthalates, and other chemical plasticizers; repeal the “no fault” vaccine courts that indemnify manufacturers; install modern filtration systems to clean up polluted American drinking water.
We are a group of working families, trade unionists, academics, students, and political activists fighting to recruit a candidate to defeat President Obama in the Democratic primary. Obama is discredited failure, a puppet of Wall Street, and electoral poison for down-ticket Democrats. Our list of candidates offer a programmatic alternative to Obama’s agenda of regressive economic austerity, reckless bailouts for insolvent banks, corrupt free trade deals, illegal expanding wars, expanding executive power and secrecy, and relentless attacks on Constitutional civil liberties.
Our comprehensive economic agenda seeks a full audit of the private Federal Reserve, with the long-term goal of nationalizing it under the Treasury department; a Wall Street sales tax of 1% on the speculators’ $3.7 quadrillion in annual trading turnover; a strident defense of Medicare, Medicaid and Social Security; an end to fraudclosures; immediate relief programs for exorbitant interest rates on the $800 billion in federal student loans; and emergency infrastructure construction employing tens of millions at union-wages, building high-speed railways and broadband internet, new roads, schools, power plants and hospitals.
http://lee.house.gov/press-releases/barbara-lee-california-democratic-congressional-delegation-call-on-president-obama-to-act-on-housing/
October 12, 2011
Washington, D.C.– Today, Congresswoman Barbara Lee (D-Oakland) and Members of the California Democratic Congressional Delegation sent a letter to President Obama urging him to act immediately to address our country’s troubled housing market. Specifically, the letter calls on President Obama to:
· Urge the Federal Housing Finance Agency to establish a plan to refinance all mortgages owned or guaranteed by Fannie Mae and Freddie Mac.
· Push for a major principal reduction plan for underwater homeowners, such as modifications in coordination with Chapter 13 bankruptcy filings.
· Institute a “Homeowner’s Bill Of Rights” that would apply to HAMP, FHFA, HUD, VA and private servicer modification programs and include the following:
Continue reading Barbara Lee Calls on President Obama to Act on Housing Foreclosures
http://www.cleveland.com/open/index.ssf/2011/10/reps_marcy_kaptur_and_tim_ryan.html
 AP fileRep. Marcy Kaptur Democratic congress members Marcy Kaptur of Toledo and Tim Ryan of Niles issued press releases today to declare their support for Occupy Wall Street protesters in New York and around the country.
Their actions follow Copley Township Democratic Rep. Betty Sutton’s visit to a New York rally on Wednesday, and Cleveland Democratic Rep. Dennis Kucinich’s release of three videos this week to back the demonstrators. Kucinich’s office also forwarded a statement he sent today to an “Occupy Cleveland” rally at the city’s Free Stamp sculpture.
“Here in Cleveland, whole communities have been hollowed out because of that uncontrolled greed,” said Kucinich’s statement to the Cleveland protesters. “But still we endure. And dreams that were crushed by a system will be dreams rescued by your efforts, your commitment and your dedication to a new America.”
Continue reading Reps. Marcy Kaptur announces Occupy Wall Street support
http://www.washingtonpost.com/wp-dyn/content/article/2010/12/03/AR2010120304148.html
By Michael Lerner
Saturday, December 4, 2010
People who used to say, “Give President Obama more time” when the president was criticized for capitulating to the right, or who argued that Obama must have a plan to turn things around, are now largely depressed and angry. To many liberals and progressives, the president’s unwillingness to veto any measure that includes continued tax relief for billionaires is the last straw, building on a record of spinelessness that includes his escalation of the war in Afghanistan, abandonment of a public option for health-care reform, refusal to prosecute those who tortured in Iraq or lied us into that war, and unwillingness to tax carbon emissions.
With his base deeply disillusioned, many progressives are starting to believe that Obama has little chance of winning reelection unless he enthusiastically embraces a populist agenda and worldview – soon. Yet there is little chance that will happen without a massive public revolt by his constituency that goes beyond rallies, snide remarks from television personalities or indignant op-eds.
Continue reading Save Obama’s presidency by challenging him on the left
Bill to be introduced before November G20 meeting
http://www.advisorone.com/2011/10/05/rep-defazio-aims-to-tax-trading
Rep. Peter DeFazio, D-Ore., is doing it again—partnering with Sen. Tom Harkin, D-Iowa, to present a bill to tax trades of stocks, bonds and derivatives. The two previously tried in 2009 to propose such a measure, but it failed. However, although businesses are already preparing to oppose any such tax, the political climate may have changed enough for it to squeak by.
Politico reported that a similar proposal to tax trades has gathered support in Europe, with France and Germany its big supporters. With the congressional supercommittee in need of ways to slice at least $1.2 trillion from the national debt in the next ten years, this time the bill could be a starter.
Continue reading Rep. DeFazio Aims to Tax Trading
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