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

Congressman Capuano's
E-UPDATE
An update from the office of U.S. Representative Michael E. Capuano
8th Congressional District of Massachusetts
Thanks for subscribing to this periodic correspondence. We hope you find the information useful. As always, let us know your questions, comments or concerns. Our contact information is provided at the end of this e-mail.

December 13, 2009

Financial Regulatory Reform

Last week, the House considered H.R. 4173: Wall Street Reform and Consumer Protection Act of 2009. You may recall that the House Financial Services Committee, of which I am a member, had been working on many aspects of this legislation for much of the fall. We combined several separate bills into one comprehensive bill. I believe that we have identified most of the root causes of the financial crisis and fixed the problems so that we will never face another such collapse in the future.

The Wall Street Reform and Consumer Protection Act contains a number of provisions that tighten oversight of Wall Street and put a stop to predatory lending. The bill creates a Consumer Financial Protection Agency (CFPA) to safeguard consumer interests and ensure the integrity of available financial products. It also sets up a Systemic Dissolution Fund, paid into by large financial companies and hedge funds, that would direct the future orderly closure of failing institutions. This is designed to prevent another tax payer-funded bailout. In addition, H.R. 4173 requires that lenders make responsible mortgage loans that consumers will be able to repay, ending the practice of abusive subprime lending.

I am particularly proud that I was able to work with Chairman Barney Frank to make it easier to hold credit rating agencies accountable. We included an amendment that lowers the liability standard for credit rating agencies, which will allow more investors to bring cases against credit rating agencies that have neglected to do their job. Many credit rating agencies gave their seal of approval to companies whose excessively risky practices led to the financial collapse. We need to be able to hold them accountable to protect investors in the future.

I voted YES. H.R. 4173 passed in the House and the entire vote is recorded below:

  YEA NAY PRESENT NOT VOTING
DEMOCRAT

223

27

0

7

REPUBLICAN

0

175

0

2

TOTAL

223

202

0

9

MASSACHUSETTS
DELEGATION

9

0

0

1

Appropriations

To date, Congress has completed work on just five of twelve appropriations bills for Fiscal Year 2010, and the federal government has been operating under continuing resolutions since October 1. To address the bulk of this unfinished business, on Thursday the House took up the conference report on H.R. 3288: Consolidated Appropriations Act of 2010. This so-called “minibus” includes the Commerce-Justice-Science, Financial Services, Labor-Health & Human Services-Education, Military Construction-Veterans Affairs, State-Foreign Operations, and Transportation-Housing & Urban Development spending bills. This legislation, when coupled with the forthcoming Defense Appropriations bill, will finish the process of allocating funds for FY 2010.

The conference report contains funding for many significant programs that are vital to many of my constituents in the 8th District. For instance, the bill includes: $45.1 billion for the Veteran’s Health Administration, $1.4 billion for displaced worker training programs, $14.5 billion for Title I education funding for disadvantaged children, $5.1 billion in low-income heating assistance, $2.2 billion for community health centers, and $31 billion for the National Institutes of Health – many of whose research programs are conducted in premier Massachusetts institutions. In addition, H.R. 3288 allocates funds for some of our most important international priorities, like $2.4 billion for international peacekeeping and $7 billion to fight HIV/AIDS globally. The government cannot continue to operate without these funds, and it is my hope that the Senate will act quickly to approve the conference report and send it to the President for his signature.

I voted YES. The conference report on H.R. 3288 passed in the House and the entire vote is recorded below:

  YEA NAY PRESENT NOT VOTING
DEMOCRAT

221

28

1

7

REPUBLICAN

0

174

0

3

TOTAL

221

202

1

10

MASSACHUSETTS
DELEGATION

9

0

0

1

Community Health Centers

This past Wednesday, President Obama announced nearly $600 million in American Recovery and Reinvestment Act awards to be granted to community health centers across the country. Of the 85 total health centers to receive awards, four of the awards were granted to health centers in the 8th District. This money will be used for major construction and renovation projects, adoption of Electronic Health Records (EHR), and other Health Information Technology (HIT) systems.

As co-chair of the Community Health Centers Caucus, I am proud to have fought for the important mission of the community centers movement. Today, health centers provide quality care to more than 17 million patients, about 40 percent of whom have no health insurance. At a time where primary care services are unavailable for so many Americans, this money will help provide access to more than half a million additional patients in many different communities, and specifically our own. Furthermore, new job opportunities in construction and health care will be available as stimulus money continues to do what it was intended to do.

Grants designated for the 8th District are listed below. They were awarded through a competitive process:

Dorchester House Multi-Service Center Dorchester $7,024,029
East Boston Neighborhood Health Center East Boston $12,000,000
Mattapan Community Health Center Mattapan $11,550,000
Whittier Street Health Committee Inc. Roxbury $12,000,000

Job Creation

In a speech Tuesday, President Obama announced that he will redirect funds from the Troubled Asset Relief Program (TARP) to job creation efforts in an attempt to further bolster the economy. While details have not been publicized, I am pleased that the idea I proposed to the President in a letter dated November 16 has received attention.

Treasury Secretary Timothy Geithner this week extended TARP until October 2010, stating that the program is still needed “to assist American families and stabilize financial markets.” Some of the new uses for TARP funds are expected to include freeing up credit markets for small businesses to encourage the hiring of new workers, promotion of job creation through home weatherization programs, and increased investment in transportation infrastructure. I look forward to seeing the President’s plans rolled out quickly so we can see an immediate impact and continue the task of getting people back to work.

What's Up Next

Next week the House is expected to consider the conference report on H.R. 3326: Department of Defense Appropriations Act of 2010.


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

P.S. I welcome your feedback on our e-Updates. Please let me and my staff know what you think of this service by e-mailing our office.


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

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.

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.

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.

E-Updates are sent from an unattended mailbox. Please do not reply directly to this e-mail. Instead, if you wish to e-mail us, please go to http://www.house.gov/capuano/contact/.
 


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