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Joint Economic Committee Releases New Report Highlighting Immediate Impact of Expanded Child Tax Credit

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Washington, D.C.— Today, the Joint Economic Committee released a new report highlighting how six months of advance Child Tax Credit (CTC) payments, included in President Biden’s American Rescue Plan, have dramatically reduced childhood poverty and improved family finances. The expansion of the CTC is expected to reduce childhood poverty by 40% and lift 4 million children out of…

Bipartisan, Bicameral Delegation Introduces Legislation To End Cosmetics Testing On Animals

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December 9, 2021 (Washington, D.C.) – Today Rep. Don Beyer (D-VA), Senators Cory Booker (D-NJ) and Rob Portman (R-OH), and Reps. Vern Buchanan (R-FL) and Tony Cárdenas (D-CA) led a bipartisan, bicameral delegation in reintroducing the Humane Cosmetics Act. The legislation would end safety testing of cosmetic products on animals and prohibit the sale of products developed using animal…

Beyer Statement On FSC Digital Asset Hearing

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Tags: Economy

December 8, 2021 (Washington, D.C.) – Rep. Don Beyer (D-VA), the Chairman of Congress’ Joint Economic Committee and author of the Digital Asset Market Structure and Investor Protection Act today issued the following statement as the House Financial Services Committee held a hearing on digital assets: “I commend Chair Waters and the House Financial Services Committee for their work on…

Space and Aeronautics Subcommittee Leaders Beyer and Babin Statement on House Passage of NASA Enhanced Use Lease Extension Act of 2021

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(Washington, DC) – Today, the U.S. House of Representatives passed H.R. 5746, the NASA Enhanced Use Leasing Extension Act of 2021. H.R. 5746 extends Enhanced Use Leasing (EUL) authority to NASA to effectively lease any underutilized, non-excess property owned by the Federal Government, and under NASA’s jurisdiction, to private sector entities,…

Beyer Statement On Youngkin RGGI Announcement

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Rep. Don Beyer (D-VA), who represents a Northern Virginia district in the U.S. House and serves as co-chair of the Safe Climate Caucus, strongly objected today to Virginia Governor-elect Glenn Youngkin’s announcement that he would withdraw Virginia from the Regional Greenhouse Gas Initiative (RGGI). “Withdrawing from the Regional Greenhouse Gas Initiative would mean Glenn Youngkin’s…

Beyer Welcomes Federal Infrastructure Investment To Repair George Washington Parkway

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December 7, 2021 (Washington, D.C.) – Rep. Don Beyer (D-VA), who represents the Northern Virginia suburbs of the nation’s capital, today hailed the National Park Service (NPS) announcement that it would award a major contract in partnership with the Federal Highway Administration to restore the northern section of the historic George Washington Parkway. The $161 million contract is the…

JEC Chairman Beyer on November Jobs Report

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Tags: Economy

Washington, DC—Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 210,000 in November and the unemployment rate declined to 4.2%, a new pandemic-era low. The unemployment rate…

JEC Chair Beyer Statement on Federal Reserve Nominations

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Tags: Economy

WASHINGTON, D.C.—Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement on President Joe Biden’s nominations to the Federal Reserve: “Over the last 20 months, the United States has weathered a global pandemic that triggered the worst recession since the Great Depression, causing widespread economic hardship and…

JEC Chairman Beyer on House Passage of the Build Back Better Act

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Tags: Economy

Washington, D.C.—Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the House passed the Build Back Better Act (H.R. 5376). “Today’s passage of the Build Back Better Act in the House is a landmark moment for this country. These fully paid-for investments will deliver economy-wide gains for decades to…