skip to main contentskip to popular page linksskip to main navigation links
Office Hours Program Social Security Calculator Translate this page into another language
photo of Mike Capuano Michael E. Capuano representing the 7th district of Massachusetts in the U.S. House of Representatives Go to the House of Representatives homepage
Visit Mike's video channel on YouTube Like Mike on Facebook

 

 Mike's Schedule Voting Record District Maps Register To Vote FAQ Site Map e-Updates

An update from the office of
U.S. Representative Michael E. Capuano
8th Congressional District of Massachusetts

Congressman Capuano's
E-UPDATE

Thanks for signing up to receive this periodic correspondence. We hope you find the information useful. As always, let us know if you have any questions, comments or concerns. Office contact information is provided at the end of this e-mail.

This is an unattended mailbox. Please do not reply directly to this e-mail. Instead, if you wish to e-mail us, please use the Write Your Rep account at http://www.house.gov/capuano/contact.


September 29, 2008

Dear Friends,

Today I cast the most difficult vote I have faced during five terms in Congress. I voted YES on H.R. 3997: The Emergency Economic Stabilization Act of 2008. After much reflection and deliberation, I decided that the risk of doing nothing to stabilize the economy was too great and that, in the final analysis, I had to support this package. Regardless, the measure failed.

Many of you have contacted my office to express your concerns about the legislation. I want you to know that I appreciate all of your input and am grateful for the feedback. In fact, I shared many of your concerns about the proposal.

As I reported last week, many experts believe that this is the biggest economic crisis our nation has faced in decades. They have warned that we are facing a major decrease in access to credit and all Americans could be impacted in some way. Our ability to obtain a mortgage, car loan, home equity loan or a student loan will be severely restricted. Small businesses could have difficulty obtaining loans which could also contribute to job losses. Experts believe that the structure of the American economy is wavering. Just today, a major American bank was taken over and a major European bank was nationalized. As I write this newsletter, the market is down another 600 points — and that directly impacts our public and private pension funds, our IRAs, our 401Ks and the entire economy directly and indirectly.

I think that the legislation before the House today was a vast improvement over the three page draft submitted last week by Treasury Secretary Henry Paulson. Limits on executive compensation were included, help for qualified homeowners facing foreclosure and help for tenants living in foreclosed homes. In addition, I was pleased to see that the package called for deadlines on recommendations for additional necessary regulations on the financial industry. Developing comprehensive regulatory reform will take time, and I was encouraged that the foundation was established through this measure.

It is not clear where we go from here. Currently, House and Senate leaders are reviewing a number of additional courses of action. I will continue to provide updates as this situation develops further. As always, I thank you for sharing your opinions with me. The entire roll is recorded below:

  YEA NAY PRESENT NOT VOTING
DEMOCRAT

140

95

0

0

REPUBLICAN

65

133

0

1

TOTAL

205

228

0

1

MASSACHUSETTS
DELEGATION

7

3

0

0


Sincerely,
Mike Capuano


Congressman Mike Capuano
8th District, Massachusetts
Committee on Transportation and Infrastructure
Committee on Financial Services
Committee on House Administration

District Offices:

110 First Street, Cambridge, MA 02141
and
Roxbury Community College, Campus Library, Room 211

District Office Phone:

(617) 621-6208

DC Office:

1414 Longworth Building, Washington, DC 20515

DC Office Phone:

(202) 225-5111

Website and e-mail:

www.house.gov/capuano


We welcome feedback on our e-updates. Please let us know what you think of this service by e-mailing the office via our website at http://www.house.gov/capuano.


You have received this e-mail because you subscribed to Rep. Capuano's E-Mail Updates authorizing Rep. Capuano to send your inbox periodic e-mail updates from his Congressional office.

PRIVACY POLICY: Your e-mail address will not be shared with anyone else or sold in any way. To read the complete privacy policy, visit: http://www.house.gov/capuano/privacypolicy.shtml.

UNSUBSCRIBE: if you would like to unsubscribe from this newsletter, you may do so at this address: http://www.house.gov/capuano/e-updates/unsubscribe.shtml.



8,263 subscribers

 

 

 

NEWS & MULTIMEDIA

 

Privacy Policy

To protect your privacy, subscriptions to Rep. Capuano's E-Updates are subject to our Privacy Policy.

 

Bill Search

Use the THOMAS search engine to search bills from the 113th Congress.

 

i.e "hres 142"

 

i.e "health care"

 

Newspapers

 

News Services

Here are some informative online news services to help you find reports from Boston and the region, as well as national and international news stories.

 

Home | About | Biography | Contact | Issues | Links | News | Schedules | Services

E-Updates | Site Map | Privacy Policy | Accessibility

110 First Street
Cambridge, MA 02141
P: (617) 621-6208
F: (617) 621-8628
Hours

Roxbury Community College
Campus Library
Room 211
Boston
Hours

Stetson Hall
Room 124
6 South Main Street
Randolph
Hours

  Constituent Services Click to close menu
  Casework and Constituent Assistance
  Citizenship/Naturalization Information
  Immigration Casework
  Ordering Flags Flown Over The Capitol
  Presidential Greetings
  Tours
  U.S. Service Academy Nominations
  Internship Programs
  Washington, D.C. Attractions
  Grants and Federal Domestic Assistance
  FAQs
  News and Multimedia Center Click to close menu
  e-Updates
  Recent Votes
  Press Items
  Video and Audio
  Photo Gallery
  Legislative Issues Click to close menu
  Mike on the Issues
  Recent Votes
  Mike's Voting Record
  Scorecards for Mike's Votes in Congress
  Legislation Sponsored by Mike
  Earmark Requests
  Committees and Caucuses
  Ethics Task Force
  Congressional Schedules Click to close menu
  Mike's Schedule
  House Floor Summary
  Weekly House Schedule
  Annual House Calendar
  Weekly Senate Schedule
  About The 7th District Click to close menu
  Maps
  Cities
  Demographics
  The 7th District Over the Years
  Nobel Prize Winners
  Interesting facts about Massachusetts
  Massachusetts Links
  Links Click to close menu
  Massachusetts Links
    State Government
    About the 7th District
    Arts, Culture and Attractions
    Chambers of Commerce
    Colleges and Universities
    Exploring Massachusetts
    Hospitals and Health Organizations
    Newspapers
    Sports

  Federal Government Links
    USA.gov - Official Government Portal
    Legislative Branch
    Executive Branch
    Judicial Branch
    Federal Agencies
    Kids' Pages
    Register to Vote
    Washington, D.C. Attractions
    Business Opportunities with the Government

  Links For Students
 
  Contact Mike Click to close menu
  District Office
  Washington, D.C. Office
  Office Hours Program
  Community Meetings
  E-mail Mike's Office