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Economy

Beyer Continues Opposition To Taxpayer-Funded Stadium Construction As Possible Legislation Looms In Richmond

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Tags: Economy

Virginia Governor Glenn Youngkin recently called a special session of the Virginia General Assembly, which convenes today. Lawmakers may consider consolidated legislation to establish a funding stream for the construction of a new Washington Commanders stadium in Northern Virginia in this or a subsequent session. Rep. Don Beyer (D-VA) has worked with colleagues in the U.S. House of…

JEC Chairman Beyer on March Jobs Data

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Tags: Economy

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 431,000 in March and the unemployment rate declined to 3.6%. The unemployment rate was 6.2% for Black workers, 4.2% for Hispanic workers, 2.8% for Asian workers…

House Passes Bipartisan Retirement Legislation, Includes Text Of Beyer Charitable Giving Bill

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Tags: Economy

Last night the U.S. House of Representatives passed the Securing a Strong Retirement Act of 2022 with overwhelming bipartisan support. The legislation (also known as SECURE 2.0) builds on the bipartisan House-passed SECURE Act of 2019 to help more Americans save for a financially-secure retirement by expanding coverage and increasing retirement savings. The legislation just passed by the…

JEC Chairman Beyer on President Biden’s Proposed Budget

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Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement following the release of President Biden’s proposed budget for fiscal year 2023.  “A budget is an expression of priorities and values, and today, President Biden released a fiscally responsible budget that centers investments in workers and families to drive…

Joint Economic Committee Releases Women’s Equal Pay Day Report

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In recognition of Women’s Equal Pay Day, the Joint Economic Committee released a new report highlighting how, despite progress, women continue to face barriers to equal pay for equal work. Women’s Equal Pay Day represents how far into the year an American woman must work, on average, in order to earn as much as an American man earned in the past year. In 2020, the latest year for which…

Kaine, Beyer Statement On Report Regarding Costs Of Police Misconduct

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Today, U.S. Senator Tim Kaine and Congressman Don Beyer released the following statement regarding a Washington Post report that police misconduct has cost taxpayers more than $3 billion since 2010, with more than $1.5 billion of that paid to settle claims against officers who had more than one claim against them. “Police misconduct causes significant harm and puts lives at risk, but…

Chairman Beyer on February CPI Data

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Tags: Economy

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 reported the February Consumer Price Index rose 0.8% on a seasonally adjusted basis, up from January’s 0.6%. As broader inflation had begun to moderate, Russia’s military buildup at the Ukrainian border and the unprovoked…

Chairman Beyer Applauds President Biden’s Executive Order on Digital Assets

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Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC) and author of the Digital Asset Market Structure and Investor Protection Act, released the following statement after President Biden signed an Executive Order outlining, for the first time, a whole-of-government approach to mitigating the risks and leveraging the potential benefits of digital…

Beyer Introduces Gender Parity Legislation On International Women's Day

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U.S. Representative Don Beyer (D-VA), Chair of Congress’ Joint Economic Committee, introduced legislation today to encourage gender parity in positions of corporate leadership. Beyer’s House resolution, introduced with House Committee on Oversight and Reform Chairwoman Rep. Carolyn Maloney (D-NY) on International Women’s Day, would express “the sense of the House of Representatives that…

Chairman Beyer on February Jobs Day Data

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Tags: Economy

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 678,000 in February and the unemployment rate declined to 3.8%. The unemployment rate was 6.6% for Black workers, 4.4% for Hispanic workers, 3.1% for Asian…