Economy

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  • 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

  • Congressman Don Beyer Introduces Gender Diversity Investment Act
    Posted in Press Releases on May 19, 2015 | Preview rr
    Tags: Economy, Federal Employees, Women's Economic Empowerment

    U.S. Representative Don Beyer, a member of the Joint Economic Committee (JEC), held a press conference this morning to introduce the Gender Diversity Investment Act, pioneering legislation designed to allow federal workers to choose to invest in businesses that have women in leadership. The Gender Diversity Investment Act would provide federal employees the freedom and flexibility to invest their retirement savings through the Thrift Savings Plan (TSP) in companies that demonstrate a strong comm... Read more

  • Beyer Hosts First Small Business Procurement Conference
    Posted in Press Releases on May 12, 2015 | Preview rr
    Tags: Economy, Federal Employees, Women's Economic Empowerment

    U.S. Representative Don Beyer, who has over 40 years of experience running a small business, hosted a Small Business Procurement Conference this morning in collaboration with George Mason University’s Procurement Technical Assistance Program. The Conference focused on federal government procurement and providing guidance to small businesses hoping to work with the federal government. "Among my top priorities in Congress is building a new American economy - doing all I can to make the 21st centur... Read more

  • Beyer, JEC Release Report on Economic Challenges Facing African Americans
    Posted in Press Releases on April 15, 2015 | Preview rr
    Tags: Economy

    U.S. Representative Don Beyer, member of the Joint Economic Committee (JEC), released the following statement on the JEC's new report that African Americans continue to face economic challenges and are nearly three times as likely as white Americans to live in poverty. "This report documents persistent economic barriers African Americans face, even as the rest of the country recovers from the worst financial downturn since the Great Depression,” said Rep. Beyer “If we are to meet the challenge o... Read more

  • Beyer Rides New Metro Passenger Rail Car
    Posted in Press Releases on April 13, 2015 | Preview rr
    Tags: Climate Change and the Environment, Economy, Transportation

    U.S. Representative Don Beyer joined Governor Terry McAuliffe, Reps. Gerry Connolly and Barbara Comstock, and local and state leaders to tour the Washington Metropolitan Airports Authority (WMATA) new 7000 series train cars made by Kawasaki: “These new cars are smarter, sleeker, safer, and far more energy efficient,” said Rep. Beyer. “They are better for the thousands of passengers who rely on the Metro system every day, and they are better for the environment, Northern Virginia, the Commonwealt... Read more