Today Congressman David Scott (D-GA) issued the statement below on President Trump’s 2018 budget proposal: “The President’s budget plan is neither fiscally nor morally responsible. It seeks to balance our nation’s budget on the backs of the poor, disabled, elderly, children, veterans, working families, and farmers of America. “The Trump budget calls for shocking cuts of more than $800 billion from... Read more »
Today, Congressman David Scott (D-GA) and Congressman Robert Pittenger (R-NC) introduced bipartisan legislation to clarify and improve certain regulations which have created confusion and unnecessary costs in commercial real estate lending. In January 2015, the Federal Reserve and Office of the Comptroller of the Currency adopted regulatory capital rules related to “high volatility commercial real... Read more »
Today the Board of the Federal Reserve Bank of Atlanta announced its historic appointment of Dr. Raphael W. Bostic to become the 15th President and Chief Executive Officer, effective June 5, 2017. Congressman David Scott (GA-13) released the following statement upon hearing of the announcement: “I could not be more thrilled about today’s announcement regarding Raphael Bostic being named the next A... Read more »
United States Representatives David Scott (D-GA), a senior member of the Financial Services Committee; John Conyers, Jr. (D-MI), Ranking Member on the Judiciary Committee; and Maxine Waters (D-CA), Ranking Member on the Financial Services Committee; and Senator Elizabeth Warren (D-MA), today released the following statements to recognize the historic appointment of Raphael Bostic to be the Preside... Read more »
Congressman David Scott (GA-13) has selected to serve on the Subcommittees on Capital Markets, Securities, and Investments and Financial Institutions and Consumer Credit on the House Financial Services Committee. Scott released the following statement on his assignments: “It is an honor to again serve as a member of both the Capital Markets and Financial Institutions subcommittees. Both of these s... Read more »
By John Heltman November 23, 2016 WASHINGTON – The Federal Reserve Bank of Atlanta's ongoing search for a president has taken on a new urgency for those pushing for a person of color to be nominated for the job amid fears that President-elect Donald Trump's selections for the Fed board will not have minorities' interests at heart. The Fed Up campaign – whose goal is to reverse what it sees as the ... Read more »
Don’t drown in your mortgage Do you owe more on your mortgage than your home is worth? A new, limited-time, federally funded state initiative called Underwater Georgia (www.underwatergeorgia.org) may be able to help. For eligible applicants, Underwater Georgia may be able to provide a one-time payment of up to $50,000 to reduce the principal balance on your home. From now until Oct. 18, visit und... Read more »
Reps. David Scott (D-GA), a senior member of the Financial Services Committee; John Lewis (D-GA), a senior member of the House Ways & Means Committee; John Conyers, Jr. (D-MI), Ranking Member on the Judiciary Committee; and Maxine Waters (D-CA), Ranking Member on the Financial Services Committee, urged the Federal Reserve to conduct an inclusive, transparent search for the next President of the Re... Read more »
Today, President Obama signed the Terrorism Risk Insurance Program Reauthorization Act (H.R. 26) into law. Included in this new law is the National Association of Registered Agents and Brokers Reform Act (NARAB), which was originally authored by Congressman David Scott in 2008. “I introduced NARAB in 2008 to help reform and modernize a very important part of state insurance regulation, agent and b... Read more »
Today Congressman David Scott proudly announced that he will host his 10th Annual Health Fair on Saturday, August 16, 2014 at Mundy’s Mill High School. This event will feature free health screenings and information provided by the region’s leading healthcare providers and organizations. Free health screenings include: Prostate cancer PSA; Clinical breast cancer exams; HIV/ AIDS; Diabetes (glucose)... Read more »
