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WashingtonWatch.com Digest – April 26, 2010

This is the WashingtonWatch.com email newsletter for the week of April 26, 2010. Subscribe here.

On the Blog: The Financial Services Regulation “Redo”

Financial services regulation scheduled for debate this week might be called “reform,” but there’s been little discussion of how it would improve things as opposed to just changing things around. So this week’s featured blog post suggests calling it a “Financial Services Regulation ‘Redo’.”

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Featured Items

This week, the Senate may vote on whether to proceed with debate on S. 3217, the Restoring American Financial Stability Act of 2010.

This bill would establish an “Orderly Liquidation Fund” to manage the failure of financial institutions. It would expand the authority of the Federal Deposit Insurance Corporation. And it would create a new Bureau of Consumer Financial Protection, among other changes to financial services regulation.

The vote to proceed with debate, known as “cloture,” requires a 60-vote majority, which allows Republicans to block the bill if they choose.

Passage of S. 3217 would cost the average U.S. family about $1,000.

The House will debate H.R. 2499, the Puerto Rico Democracy Act of 2009. The bill would allow Puerto Rico to conduct a vote on whether the island should retain its current relationship (a commonwealth) with the United States or pursue a different political status.

Passage of H.R. 2499 would have minimal cost per U.S. family.

The House will also debate H.R. 5013, the Implementing Management for Performance and Related Reforms to Obtain Value in Every Acquisition Act of 2010, known as the “IMPROVE Acquisition Act.”

The bill is intended to improve the defense acquisition system, the management process that guides all Department of Defense purchasing programs.

No cost estimate for H.R. 5013 is available yet.

S. 3217
The Restoring American Financial Stability Act of 2010
Costs $1,077.03 per family

H.R. 2499
The Puerto Rico Democracy Act of 2009
Costs $0.00 per family

H.R. 5013
The Implementing Management for Performance and Related Reforms to Obtain Value in Every Acquisition Act of 2010

What People Think

Click here to vote on The Restoring American Financial Stability  Act of 2010. Click here to vote on The Restoring American  Financial Stability Act of 2010.

The Restoring American Financial Stability Act of 2010
25% For, 75% Against

Vote on this Bill

Click here  to vote on The Puerto Rico Democracy Act of 2009. Click here to vote on The Puerto Rico Democracy Act of 2009.

The Puerto Rico Democracy Act of 2009
49% For, 51% Against

Vote on this Bill

Click  here to vote on The Implementing Management for Performance and Related  Reforms to Obtain Value in Every Acquisition Act of 2010. Click here to vote on The Implementing Management for Performance  and Related Reforms to Obtain Value in Every Acquisition Act of 2010.

The Implementing Management for Performance and Related Reforms to Obtain Value in Every Acquisition Act of 2010
50% For, 50% Against

Vote on this Bill

Displayed below are new, updated, and passed items with their cost or savings per family.

New Items

S. 3217
The Restoring American Financial Stability Act of 2010
Costs $1,077.03 per family

S. 2839
The Torture Victims Relief Reauthorization Act of 2009
Costs $0.66 per family

S. 2870
The International Fisheries Stewardship and Enforcement Act
Costs $4.76 per family

Updated Items

none

Passed Items

none

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