Economy

Browse Documents
by Date or Issue:
  • Beyer Commends Finalized Department of Labor Overtime Rule
    Posted in Press Releases on May 18, 2016 | Preview rr
    Tags: Economy

    The Department of Labor (DOL) today issued its final ruling to adjust eligibility for overtime labor among salaried workers under the Fair Labor Standards Act. Congressman Beyer welcomed the DOL’s expansion of overtime protections, which will give an estimated 4 million workers a raise in pay. “Today’s announcement by DOL will greatly expand earning power for working families,” said Rep. Don Beyer. “These updates to existing overtime regulations will help to grow and strengthen the middle class,... Read more

  • Rep. Beyer Backs Labor Rule to Protect Savings
    Posted in Press Releases on April 6, 2016 | Preview rr
    Tags: Economy

    Congressman Don Beyer released the following statement after Secretary Tom Perez announced the Department of Labor’s new rule to protect low and middle income Americans planning for their retirement from conflicted financial advice: “I strongly support the Department of Labor’s final conflict of interest rule. Secretary Perez has done remarkable work to protect retirement savers and ensure that they get advice that is in their best interest. This is of particular import to the moderate and low i... Read more

  • Beyer, Commerce Secretaries Celebrate Startup Day at Crystal City’s 1776
    Posted in Press Releases on August 14, 2015 | Preview rr
    Tags: Economy

    Congressman Don Beyer, U.S. Deputy Secretary of Commerce Bruce Andrews, and Deputy Assistant Secretary of Commerce for Economic Development Matt S. Erskine, visited 1776 yesterday for a roundtable and walkthrough at the incubator and venture fund’s recently opened Crystal City location as part of Start-Up Day Across America. “Startups, here in Northern Virginia and across the United States, fuel the kind of innovation we need to create a sustainable new American economy,” said Rep. Beyer. “They ... Read more

  • Resources for Startups
    Posted in Blog on August 13, 2015 | Preview rr
    Tags: Economy

    What the Department of Commerce Can Do For Your Startup Congressman Don Beyer, U.S. Deputy Secretary of Commerce Bruce Andrews, and Deputy Assistant Secretary of Commerce for Economic Development Matt S. Erskine, visited 1776 this afternoon for a roundtable and walkthrough at the incubator and venture fund’s recently opened Crystal City location. Beyer, Deputy Secretary Andrews, and Deputy Assistant Secretary Erskine engaged with small business and tech leaders to highlight federal resources ava... Read more

  • Beyer Statement on Fannie Mae and Freddie Mac CEO Salary
    Posted in Press Releases on July 2, 2015 | Preview rr
    Tags: Economy

    Congressman Don Beyer reacted harshly to news that the CEOs of Fannie Mae and Freddie Mac would receive $4 million salaries, far above the $600,000 cap imposed on the lending giants after they were bailed out by the federal government: "It is inexplicable that the government backed Fannie and Freddie want to raise their CEOs pay less than a decade after American taxpayers were forced to bail them out. These enterprises exist to streamline home ownership for Americans by broadening the mortgage m... Read more

  • Falls Church News Press: Rep. Beyer Hails Progress With Cuba
    Posted in Articles on July 1, 2015 | Preview rr
    Tags: Economy

    U.S. Rep. Don Beyer, formerly a U.S. ambassador whose 8th District of Virginia includes the City of Falls Church, released the following statement after President Obama announced Wednesday that Cuba and the United States will open embassies in Washington and Havana after more than 50 years of diplomatic isolation: “I have long looked forward to the day we reestablish diplomatic relations with Cuba. As we see in American relationships around the world, we can learn to work together, while still m... Read more

  • Americans Are Working Too Long for Too Little
    Posted in Press Releases on June 30, 2015 | Preview rr
    Tags: Economy

    Congressman Don Beyer offered his support today for President Obama’s proposal to extend overtime pay for nearly 5 million workers. "This is a crucial step for millions of middle class American families," said Rep. Don Beyer. "Working Americans suffering from wage stagnation and income inequality are struggling to put food on the table and gas in their car. President Obama's policy is welcome relief to hard working families who earned a raise." The proposal would nearly double the salary level u... Read more

  • Why I Support President Obama on Trade
    Posted in Opinion Pieces on June 4, 2015 | Preview rr
    Tags: Economy

    In the coming weeks, I expect to vote to support a package of four critical trade bills requested by President Obama and passed through the Senate with significant bipartisan majorities, including both of Virginia’s Democratic Senators. These bills, including Trade Promotion Authority (TPA), will establish historic multilateral negotiations with our international trade partners while securing important worker protections for American jobs and trade support to developing economies, critical to gl... Read more

  • Beyer Hosts Press Conference at Memorial Bridge
    Posted in Press Releases on June 1, 2015 | Preview rr
    Tags: Economy, Transportation

    Congressman Don Beyer was joined by U.S. Senator Tim Kaine, Delegate Eleanor Holmes Norton, National Park Service Director Jonathan B. Jarvis, U.S. Transportation Secretary Anthony Foxx, and U.S. Interior Secretary Sally Jewell at a press conference at Arlington Memorial Bridge to highlight the neglected condition of the bridge and the critical need for Congress to act on infrastructure improvements. Rep. Beyer delivered the following remarks: “Please, look at this bridge. Two lanes closed on on... Read more

  • Beyer Innovation Bill Passes with Bipartisan Support
    Posted in Press Releases on May 20, 2015 | Preview rr
    Tags: Economy

    U.S. Representative Don Beyer's Science Prize Competition Act, H.R. 1162, passed the House with bipartisan support last night. The bill will encourage federal agencies to use prize competitions to incentivize innovative scientific research and development. “It is thrilling to pass my first bill, especially with support from both sides of the aisle. Prize competitions can be the catalyst for the new and unorthodox solutions that have always been at the heart of our greatest American achievements,... Read more