Rep. Speier’s First Week:  Help for Taxpayers, Students

April 17, 2008
 

Washington, DC – Freshly elected 12th District Congresswoman Jackie Speier (D- San Francisco/San Mateo) jumped right into her new job by casting votes on important legislation to ease burdens on American taxpayers, crack down on wasteful government spending and help safeguard student loans.

Less than 48 hours after winning the April 8 special election to fill the vacancy left by Congressman Tom Lantos’ death, Speier was sworn into Congress by Speaker of the House Nancy Pelosi (D- San Francisco) and moments later cast her first votes.

HR 5719 bans the use of private contractors to collect IRS debts, a program that since 2006 has cost the government $36 million more than it brought in.  “This is a prime example of what happens when we privatize government services without staying vigilant to the actual cost to taxpayers,” Speier said.

The bill also cracked down on foreign-based subsidiaries of American companies that dodge Social Security and employment taxes while performing U.S. government contracts.  The provision was inspired by Kellogg Brown Root, a former subsidiary of Halliburton, which used the loophole with its contracts in Iraq.

H.R. 5715, the Ensuring Continued Access to Student Loans Act, guarantees that federal student loans will be available even if there is further turmoil in the financial markets.  “This important bill increases the amount students can borrow to reflect the rising cost of tuition and gives parents more time to pay off the loans,” Speier said.  “It also takes into account the current mortgage crisis by guaranteeing that a student’s loan will be safe in the extent that his or her parents become delinquent on their home loans.”

Congresswoman Speier also added her name as a co-sponsor to the following bills:

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Posted on: 01-15-2009