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Banking & Financial Services Legislative Alerts
Government intervention in the housing market has done much more harm than good, and it needs serious reform. AFP is proud to support the PATH Act.
Borrowing costs for as many as 7 million students who use federally subsidized Stafford loans will increase abruptly if Congress does not change existing law. Many have criticized Congress for allowing this rate reset to happen, but few recognize a more serious underlying problem surrounding this issue. Rather than calling for more knee-jerk legislation, the public should question why the government is so deeply involved with higher education funding in the first place. The reality is that government loans are a root cause for skyrocketing tuition prices, massive student debt, and high undergraduate unemployment.
By Steven Russell The Export-Import Bank is “little more than a fund for corporate welfare” said then-Senator Barack Obama on the campaign trail in 2008. And yet, President Obama decided to re-charter the Export-Import Bank of the United States in 2012, signing a bill would raise the bank’s lending limit to $140 billion by 2014. [...]
By: Steven Russell Two weeks ago, members in the House of Representatives submitted a bill to end the government-sponsored Export-Import Bank of the United States, which provides around $10 to $20 billion in subsidies to American exporters a year. Supporters of the bank oppose the bill on the grounds that the bank is self-financing, creates [...]
The Senate’s recent actions on the 2013 Farm Bill speak to Washington’s complete lack of seriousness in getting spending under control.