Peters, Stabenow Announce $125 Million in Federal Funding to Spur Economic Growth, Increase Access to Capital

Source: United States Senator for Michigan Gary Peters

09.09.21

DETROIT, MI – U.S. Senators Gary Peters (MI) and Debbie Stabenow (MI) announced that the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded $125 million in total funding to Michigan to spur investment and economic growth in low-income urban and rural communities across the state. Cinnaire New Markets LLC will receive $60 million, while Michigan Community Capital will receive $65 million through the New Markets Tax Credit Program.

“The CDFI Fund and the New Markets Tax Credit are both proven successes. These investments will play a key role in helping our communities recover from this challenging time and provide a boost to our local economy,” said Senator Peters, a member of the Commerce, Science and Transportation Committee. “I’m pleased to see this federal funding awarded to community-based institutions that make the most of these critical resources to support hardworking Michiganders and increase access to opportunity across our state.”

“The COVID-19 crisis has taken an incredible toll on small businesses in our state and made us appreciate even more their importance to our communities and our economy,” said Senator Stabenow. “These tax credits will help Michigan small businesses stay open, create jobs and help our economy recover.”

“MCC is working hard every day to support community development and job creating projects in Michigan,” said Eric Hanna, President and CEO of Michigan Community Capital. “Receiving not only a third straight award but also the largest award offered within this round is validation that our strategy to support our growing economy is working. We appreciate the support of our amazing congressional delegation and the hard work of Senator Peters and many others in pushing hard for scarce federal resources to support underserved communities and people in Michigan.”

“The New Markets Tax Credit has proven to be one of the most successful models for a public-private partnership, driving capital to America’s most disinvested neighborhoods,” said Mark McDaniel, Cinnaire President and CEO. “With this year’s award, we are focusing on organizations that support education, including early childhood, school-age children and adults seeking vocation training opportunities. We also plan to support projects that create job opportunities for individuals without a college degree or other barriers to obtaining employment. We are grateful to Senators Peters and Stabenow, and other members of the Michigan Congressional delegation, for their steadfast support of the New Markets program and helping us access these important resources. We look forward to partnering with and providing NMTC allocation to projects that will help all people have access to the tools and opportunities they need to succeed.”

The New Markets Tax Credit Program awards have generated $8 of private investment for every $1 invested by the federal government. Through the end of fiscal year 2020, the program award recipients deployed almost $56 billion in investments in low-income communities and businesses; with impacts such as the creation or retention of nearly 871,000 jobs, and the construction or rehabilitation of nearly 231.5 million square feet of commercial real estate. In Michigan, the New Markets Tax Credit has helped create over 29,000 jobs, raised nearly $3 billion in total capital, and has helped finance over 123 new projects.

Senators Stabenow and Peters have been long-time supporters of this program and will continue to fight to make sure Michigan gets its fair share of New Market Tax Credits. More information about these awards can be found at: www.cdfifund.gov/nmtc

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Bennet Applauds House Inclusion of CORE Act Provision to Protect the Thompson Divide in Reconciliation Bill

Source: United States Senator for Colorado Michael Bennet

Denver –– Today, Colorado U.S. Senator Michael Bennet applauded the U.S. House of Representatives Natural Resources Committee for including a provision of his Colorado Outdoor Recreation & Economy (CORE) Act to protect the Thompson Divide in the House reconciliation bill. 

“The Thompson Divide is one of Colorado’s most treasured landscapes, and it is critical to many Coloradans’ way of life, especially ranchers, hunters and anglers,” said Bennet. “I’ve worked hand in hand with the community for years to protect this landscape, and I’m grateful to Representative Neguse for his work to include these protections in the House Natural Resources’ reconciliation bill. I will do everything I can to move this forward in the Senate.”

This provision of the CORE Act, based on the Thompson Divide Withdrawal and Protection Act, would protect the Thompson Divide by withdrawing over 200,000 acres from future oil and gas development, while preserving existing private property rights for leaseholders and landowners. To support the local economy and address the changing climate, the provision also funds a pilot program to lease excess methane from nearby active, inactive and abandoned coal mines. Since joining the Senate, Bennet has worked with ranchers, sportsmen, conservationists, local energy companies, and elected officials to ensure the bill reflects the wishes of Gunnison, Pitkin, and Garfield Counties.

Resources

The following CORE Act resources are available below:

See frequently asked questions, maps, letters of support, and more at www.bennet.senate.gov/COREAct

Toomey Encourages Approval of Pennsylvania Major Disaster Declaration

Source: United States Senator for Pennsylvania Pat Toomey

Allentown, P.A.—U.S. Senator Pat Toomey (R-Pa.) today urged President Joe Biden to approve Governor Tom Wolf’s request for a major disaster declaration for the Commonwealth of Pennsylvania due to damage incurred from Tropical Depression Ida.
 
“Preliminary joint damage assessments conducted by the Federal Emergency Management Agency and the state of Pennsylvania estimate that damages currently stand at $117 million. This likely does not capture the extent of the damages as assessments from Chester and Fulton counties have yet to be completed. Additionally, at least five fatalities have occurred in the Commonwealth as a result of this event,” wrote Senator Toomey. “As emergency response measures proceed in these counties, costs continue to escalate and local resources are unable to keep pace. Granting emergency aid through the Stafford Disaster Relief and Emergency Assistance Act will allow access to federal resources and programs designed to facilitate a successful recovery.”
 
The full letter is available here. 

Sen. Moran Opposes President Biden’s Federal Vaccine Mandate

Source: United States Senator for Kansas – Jerry Moran

WASHINGTON – U.S. Senators Jerry Moran (R-Kan.) released the following statement in opposition to President Biden’s federal vaccine mandate:

“There is no doubt that through the success of American science and ingenuity, the COVID-19 vaccine has provided the best shot at ending the pandemic and taking critical steps towards normalcy.

“I am vaccinated and I will continue to urge Kansans to get vaccinated. These decisions should be left to each individual, and that decision should be guided by conversations with trusted doctors and not dictated by bureaucrats in Washington, D.C. Furthermore, this government overreach comes at the expense of small business owners who are trying to strike a balance between keeping their businesses safe and open, and respecting their employees’ personal health decisions. This mandate will also only deepen divisions in the country regarding the vaccines, as well as make it even harder for employers to find workers and cause some employees to drop out of the workforce in protest.

“I strongly oppose the Biden administration’s extreme government overreach in requiring vaccinations and urge them to focus on solutions that will empower patients to make educated decisions of their own choosing.”

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Sen. Moran, Rep. Estes Announce $103 Million in Grants for Kansas Aviation Manufacturers

Source: United States Senator for Kansas – Jerry Moran

WASHINGTON – U.S. Senator Jerry Moran (R-Kan.) and Congressman Ron Estes (KS-04) today announced $103,879,965 in grants for Kansas aviation manufacturers through the Aviation Manufacturing Jobs Protection (AMJP) program. These funds will help Kansas aviation employers retain 4,284 employees. The AMJP program was created by legislation introduced by Sen. Moran and Congressman Estes.

“The aviation manufacturing industry in Kansas plays a critical role in providing our state with high-paying jobs and supporting commercial and general aviation across the country,” said Sen. Moran. “As our economy continues recovering from the pandemic, having a trained, fully-staffed workforce will help aviation manufacturers recover more quickly and meet the demand for new aircraft and repairs. I’m pleased the Aviation Manufacturing Jobs Protection Program is providing support to this important industry and their invaluable workforce.”

“The skilled workforce in Kansas’ aviation manufacturing industry is critical to our communities and our economy. The Aviation Manufacturing Jobs Protection Program funds will provide stability for employees and keep them here in the Air Capital of the World,” said Rep. Estes. “This bipartisan, bicameral program is a common sense solution that directly benefits workers in Kansas, and I’m pleased that so many aviation manufacturers are receiving the assistance they need to keep building aircraft in the Sunflower State.”

The AMJP program provides funding to eligible businesses to pay up to half of their compensation costs for certain categories of employees, for up to six months. Sen. Moran and Congressman Estes hosted an information session in June with U.S. Department of Transportation (DOT) AMJP Program Director Elliott Black for aviation manufacturers in the Wichita area to learn more about the AMJP Program and ask questions directly to the program lead.

After receiving the first round of grant applications, the AMJP application was reopened from Aug. 4 – Sept. 1 to allow more businesses to apply. Businesses who applied in the second round are currently being evaluated by the Department of Transportation. The grant recipients below are from the first round of applicants.

Grant Recipients

Aerospace Systems & Components, Wichita

Air Capital NDI, Wichita

Apex Engineering International, Wichita

B&B Airparts, Wichita

C.E. Machine Company, Wichita

Cox Machine, Wichita

DBA Kansas Coil Spring Co, Wichita

Dynamic NC, Rose Hill

Fiber Dynamics, Wichita

Global Aviation Technologies, Wichita

Goddard Machine, Wichita

H. M. Dunn Company, Wichita

Integrated Components, Wichita

Kelly Manufacturing Company, Wichita

KMI Inc, Mulvane

Learjet Inc, Wichita

Lee Aerospace, Wichita

Manufacturing Development Inc, Cheney

MAX Aerostructures, Wichita

Metal Arts Machine Co, Wichita

Mid-Continent Instruments and Avionics, Wichita

Millennium Machine & Tool, Newton

NWI Wichita, Wichita

Omni Aerospace, Wichita

Orizon Aerostructures, Kansas City

Rickman Machine Co., Wichita

Sinclair & Sons Custom Welding & Machining Service Inc, Wichita

Spirit AeroSystems, Wichita

Trinity Precision Inc, Wichita

United Machine Company Inc, Wichita

Winglet Technology, Wichita

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Democrats’ Tax Hikes Let China Win

Source: United States Senator for Idaho Mike Crapo

September 10, 2021

Simple comparison shows U.S. job creators lose under Biden plan

Democrats’ proposed $2 trillion tax increase would overwhelmingly apply to U.S.-based businesses, not their foreign competitors.  If Democrats successfully impose their reckless tax increases on our businesses, China will gain the global edge on jobs, investment and innovation.  A simple analysis comparing each country’s tax rates and policies shows that Democrats’ tax proposals would create an uneven playing field, making it impossible for U.S. businesses to compete in the global marketplace.

Democrats’ reckless tax hikes would make the United States an outlier once again:

  • Highest combined corporate rate among developed countries
  • The only country with a global minimum tax – at a statutory rate of 21% and effective rate of 26.25%
  • Policies that encourage offshoring of R&D and IP
  • U.S. companies would be at a severe competitive disadvantage to Chinese companies, meaning less domestic innovation, fewer American jobs, and increased reliance on foreign countries for critical technologies.

To view the document, click here.



Video: Rubio Remembers 9/11

Source: United States Senator for Florida Marco Rubio

Miami, FL — U.S. Senator Marco Rubio (R-FL) released a video message ahead of the 20th anniversary of the horrific, radical Islamic terrorist attacks against the United States on September 11, 2001.

A broadcast quality video is available HERE.  
 
This year marks two decades since radical Islamic terrorists launched coordinated and horrific attacks on America, stealing 2,997 lives and shattering countless more. 
 
September 11, 2001 was one of the darkest days in American history, and it changed our nation forever.  
 
But today, we pause to remember the first responders who rushed into falling buildings and the veterans who courageously risked their lives. Without hesitation, these heroic men and women answered the call to defend their fellow civilians. 
 
They highlighted the inherent good of our country — a selfless dedication to neighbors, complete strangers, and to the country.
 
We cannot allow their memory to fade. Not only must we follow their example, we must also fight for them as hard as they fought for us. 
 
Across our country, many of them are struggling with illness because of the trauma they faced 20 years ago. 
 
Now, it is on us to ensure that our first responders are cared for, and that our veterans are cared for, and that we will forever be grateful for the valor and sacrifices they made.
 
May we never forget what each and every one of our first responders and veterans risked that day. And may we ensure that those who still bear the wounds of their heroism on September 11, 2001 — whether physical, mental, or otherwise — receive the care they need.
 
Thank you to those who took that risk and thank you to those who continue to support them every day. 
 
May God bless you. 

Rubio Blasts White House for Ignoring Harm to American Fruit and Vegetable Growers

Source: United States Senator for Florida Marco Rubio

Miami, FL — U.S. Senator Marco Rubio (R-FL) released a statement after White House Director of the National Economic Council, Brian Deese, touted artificially low fruit and vegetable prices that harm American growers:
 
“In an effort to defend the White House from criticism over the impacts of historic and worsening inflation, President Biden’s top economic advisor shockingly welcomed artificially low prices of fresh fruits and vegetables, which are the result of unfair trade practices, government subsidies, and labor wage disparities in countries like Mexico,” Rubio said. “Director Deese’s statement is inconsistent with previous claims by the White House that the Biden Administration plans to address threats to American food security.”
 
“I urge the Biden Administration to unequivocally support American fruit and vegetable growers and work with me and my bipartisan colleagues in Congress to develop an action plan to halt the ongoing unfair trade practices by countries, like Mexico, that threaten American food security, national security, and the livelihoods of fruit and vegetable growers in Florida and other states,” Rubio concluded.
 
On August 30, 2021, the Florida Department of Agriculture and Consumer Services released a report detailing a 580 percent increase in the volume of specialty crop imports from Mexico between 2000 and 2020 due to unfair trade practices such as dumping, labor wage disparities, and un-competitive pricing. Mexico’s seizure of American market share through these malicious practices has consequently resulted in Florida’s growers losing their market shares for products such as: bell pepper (74.75 percent market share loss), strawberries (30.3 percent market share loss), blueberries (57.86 percent market share loss), and others. These impacts have caused billions of dollars in economic harm and the loss of tens of thousands of jobs in Florida.
 
Related:

 

Rubio, Scott, Cotton Urge Treasury to Recognize National Security Threat Posed by Chinese Company Tuya

Source: United States Senator for Florida Marco Rubio

Washington, D.C. — U.S. Senators Marco Rubio (R-FL), Rick Scott (R-FL), and Tom Cotton (R-AR) sent a letter to U.S. Department of the Treasury Secretary Janet Yellen to express concern regarding the national security threat posed by the People’s Republic of China (PRC)-based company, Tuya. Tuya is a dominant firm in the Internet of Things industry, which powers “smart” devices such as doorbells, refrigerators, and security cameras in millions of Americans’ homes. The senators urged the Department to add Tuya to its list of Non-SDN Chinese Military-Industrial Complex Companies List operating directly or indirectly in the United States in accordance with President Biden’s Executive Order 14032. 
 
“Cyber and national security experts have already raised significant concerns about Tuya’s lack of protections over users’ data. However, there is also a more basic reality that, as a PRC company, Tuya is obligated to comply with CCP orders, including requests to share American and other users’ data with the Chinese government,” the senators wrote. “Specifically, the company is subject to China’s Data Security Law, which mandates that Chinese firms must cooperate with Chinese law enforcement on data if it concerns national or economic security, as well as bans any company in the PRC from providing Chinese-stored data to foreign law enforcement.” 
 
“As such, we urge that the Department of the Treasury add Tuya to its list of Non-SDN Chinese Military-Industrial Complex Companies List operating directly or indirectly in the United States in accordance with President Biden’s Executive Order 14032,” the senators continued.
 
The full text of the letter is below. 
 
Dear Secretary Yellen: 
 
We write to express concern regarding the national security threat posed by the People’s Republic of China (PRC)-based company Tuya, a business with significant control over the international “Internet-of-Things” (IoT) market. As such, we urge the U.S. Department of the Treasury to add Tuya to its list of Non-SDN Chinese Military-Industrial Complex Companies List operating directly or indirectly in the United States in accordance with President Biden’s Executive Order 14032. 
 
Companies in the IoT market function by providing internet connectivity to otherwise unconnected devices. The sector has grown rapidly over the last decade, with tens of millions of Americans buying and using “smart” home thermostats, security cameras, lighting systems, refrigerators, and beyond. American consumers’ regular usage of these technologies also means that the data the devices collect is a treasure trove, providing an extraordinarily intimate window—often complete with audio or visual recordings—into users’ households and daily routines. 
 
The threat of that data falling into the wrong hands is enormous, which only underscores how dangerous it is that the leading IoT company is Tuya, a firm that, by PRC law, must follow the directives of the Chinese Communist Party (CCP). Tuya has seen dramatic growth since its founding in 2014, thanks in part to its backing from CCP-linked conglomerate Tencent. As of December 2020, more than 200 million devices around the world are powered by Tuya’s hardware, software, cloud technology, and applications, covering 1,100 categories of devices in 220 countries and regions. More than 5,000 brands, such as Dutch multinational corporation Philips, have worked to build Tuya into their products, which are frequently sold at Walmart, Amazon, Target, and elsewhere. In March 2021, the company listed on the New York Stock Exchange for a total offering size of $915.4 million. 
 
Cyber and national security experts have already raised significant concerns about Tuya’s lack of protections over users’ data. However, there is also a more basic reality that, as a PRC company, Tuya is obligated to comply with CCP orders, including requests to share American and other users’ data with the Chinese government. Specifically, the company is subject to China’s Data Security Law, which mandates that Chinese firms must cooperate with Chinese law enforcement on data if it concerns national or economic security, as well as bans any company in the PRC from providing Chinese-stored data to foreign law enforcement. 
 
Per these PRC laws, Americans with Tuya technology in their home or workplace risk their data being directly accessible to the CCP. This is a profound, unacceptable threat. Continuing to provide Beijing a direct line to Americans’ private data would only empower an unaccountable Chinese firm and contribute to the CCP’s Military-Civil Fusion strategy, which explicitly aims to transform the PRC into the leading superpower by midcentury. It would also deepen the risk of Chinese exploitation of the IoT sector’s vulnerability to malware attacks, which criminals have already used to shut down massive portions of the East Coast’s internet access in 2016. 
 
As such, we urge that the Department of the Treasury add Tuya to its list of Non-SDN Chinese Military-Industrial Complex Companies List operating directly or indirectly in the United States in accordance with President Biden’s Executive Order 14032. 
 
Thank you for your attention to this matter. We look forward to your prompt response. 
 
Sincerely,

Statement of U.S. Sen. Mark Warner on 20th Anniversary of the September 11 terror attacks

Source: United States Senator for Commonwealth of Virginia Mark R Warner

WASHINGTON – U.S. Sen. Mark R. Warner (D-VA) issued the following statement commemorating the 20th anniversary of 9/11:

“On the 20th anniversary of September 11th, we remember the lives lost at the Pentagon in Northern Virginia, in Shanksville, Pennsylvania, and at the Twin Towers in New York City. We come together to grieve for those who were lost, the family and friends left behind, and remember all those impacted by the tragic events of 20 we years ago.  May also remember the heroics that our nation’s first responders and everyday Americans displayed that day and every day since. Their sacrifices must never be forgotten. To our service men and women, the intelligence community, and those who have sacrificed their lives and dedicated their careers to defeating the scourge of radical terrorism, we remember and honor you.”