Rep. Warren Davidson (R-OH) today introduced the Welfare Benefit Reform and Alignment Commission (BRAC) Act which will create a bipartisan, eight-member commission tasked with formulating concrete solutions to reform more than 90 federal welfare programs which cost taxpayers almost $1 trillion a year.
Rep. Warren Davidson (R-OH) and Rep. Ted Budd (R-NC) introduced the Drain the Swamp Act of 2017, which will require all agencies in Washington, DC to relocate their headquarters outside of the DC metro area. No more than 10 percent of agency employees will be permitted to remain in Washington.
On Tuesday, Rep. Warren Davidson (R-OH) introduced the Due Process Restoration Act of 2017 (H.R. 2128). The bill would provide defendants in SEC enforcement cases with the option to advance proceedings in a federal district court instead of internal SEC administrative courts. At a hearing of the House Financial Services Committee, Rep. Davidson questioned financial services experts on the need for the kind of SEC reforms contained in H.R. 2128. Experts offered the following comments in support of restoring due process rights for SEC defendants:
House Financial Services Committee Chairman Jeb Hensarling (R-TX) today introduced the Financial CHOICE Act. Rep. Warren Davidson (R-OH), a member of the committee, released the following statement: “The Dodd-Frank Act targeted Wall Street but ended up hurting Main Street most. When I meet with constituents and business leaders in the 8th District, they tell me how regulators are hindering growth by restricting access to working capital, driving up borrowing costs, and reducing options. It is time to restore prosperity for American families and businesses. I look forward to working together with the chairman to pass the Financial CHOICE Act.”
Today, Rep. Warren Davidson (R-OH) introduced the Due Process Restoration Act of 2017. The bill will provide respondents in SEC enforcement cases with the option to have their proceedings advance in a federal district court instead of internal SEC administrative courts.