Economy

Congressman Don Beyer released the following statement on his vote against the H.Con.Res. 89, which expresses the sense of Congress that a carbon tax is detrimental to the United States economy: Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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.… Read more »

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… Read more »

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… Read more »