March 2009 E-Newsletter |
News From Congressman Joe Sestak eNewsletter – March 2009 Review
Dear Constituents of the 7th District,
Our efforts to face and overcome these economic challenges together continued in March, highlighted by the second 7th Congressional District Business Procurement Summit on March 27 at the Springfield Country Club. More than 1,000 people packed the summit, which brought dedicated government and corporate leaders together with local small businesses, community organizations, and municipalities to ensure that our District has the tools, information, and contacts to secure funding and business opportunities through the government contracting process and the American Recovery and Reinvestment Act (ARRA). To provide further access to the Recovery Act, each week my staff has continued to update my comprehensive Resource Directory, which provides specific information and contacts to the agencies that will be administering stimulus funds. The Directory is accessible from my Web site, www.sestak.house.gov.
In Congress, we are continuing to work hard to repair our financial sector, get the economy moving forward, and lay the foundations for our long term prosperity. The effects of the economic stimulus continue to be felt. If you noticed more take-home pay in your paycheck, that is because the Making Work Pay tax cut—which benefits 95% of American working families—is now in full effect and will result in a savings of $800 for most American families this year. I also supported President Obama’s housing plan, which will help keep millions of Americans from losing their homes to foreclosure. And just this week I voted in support of the President’s budget, which establishes a strong blueprint for our economic recovery. I did object to certain Congressional procedures in the way the House has handled the budget, including the use of “reconciliation” that would allow the budget (and health care reform) to pass along a party-line vote, because I believe the best achievements are accomplished in a bipartisan way. However, I strongly support the strategic investments that are the core of this budget—investments in education, energy, and health care that will save jobs now while ensuring our future prosperity and well being.
As Vice Chairman of the Small Business Committee, I know that small business is the engine of our national economy, and small business will be the engine of our recovery. Over the last 10 years, small businesses have created 70 percent of the new jobs in America. That’s why I held the Business Procurement Summit and why I supported President Obama’s $15 billion plan to unlock credit for small businesses. As credit has become less accessible during the ongoing recession, small business owners who acted responsibly have been impacted by the imprudent behavior of others in the financial system. Businesses with a reliable credit history have been denied loans because of conditions that have nothing to do with their own actions and are now finding it difficult or impossible to expand their business, make their payments or keep workers on their payrolls.
I am very proud to announce that Congress has passed the Serve America Act, which contains my Silver Scholarship Program. The Act will encourage the type of service that is the foundation of America, and the Silver Scholarship Program will reward the great volunteer work of our senior citizens. Through the program, those over 55 who commit to volunteering 350 hours in a year will earn a $1,000 scholarship for continuing education that can also be transferred to their children or grandchildren.
This month, President Obama signed the 2009 Omnibus Appropriations Act of 2009, which included many provisions for the 7th District, funding programs from domestic abuse prevention to support for children with autism. I continue to support elimination of the earmark process in favor of a competitive grant system—and I commend recent efforts toward greater accountability and transparency—but I am pleased that worthwhile and responsible programs in our District will receive the crucial funding they need to contribute to our economy and community. The list of programs is available here.
Here in Media, my District Office continues to remain open seven days a week. We’ve completed more than 10,000 constituent cases—where the average cases completed for a district is only 3,200. I have continued to enjoy visits to schools, hospitals and homes, veterans organizations, fire stations, local business, and many community organizations and events. If I can be of assistance, please feel free to contact my District Office at 600 N. Jackson St, Suite 203, Media, PA 19063, 610-892-8623.
Congressman Joe Sestak is now on Twitter. You can receive updates on the Congressman’s daily events as well as links to information about legislation, YouTube clips and photographs from around the District. Sign up at http://www.twitter.com/JoeSestak. *For the most complete and up-to-date information on Congressman Sestak’s work in Washington and in the 7th Congressional District, please visit http://sestak.house.gov. For help with a problem for which the Congressman can offer assistance, please call his District Office at 610-892-8623.
Please do not respond to this email. To send an email to Congressman Sestak, please visit http://www.sestak.house.gov/IMA/issue_subscribe.shtml.
Efforts to Restore our Economic Security
Hosted 7th Congressional District Business Procurement Summit
On Friday, March 27, 2009, over 1,000 attendees packed our second 7th Congressional District Business Procurement Summit at the Springfield County Club—fully doubling the 500 attendees we originally anticipated. Nearly 60 government agencies and major contractors presented exhibits for more than 900 representatives of local businesses and organizations, and Dr. Mark Zandi, chief economist and co-founder of Moody’s Economy.com, and Lt. Gen. Mark Shackelford, USAF, delivered keynote addresses on the Recovery Act and the defense acquisition process. My objective in convening this event was to execute my pledge to bring Washington decision-makers to the 7th Congressional District and to see that the views of the constituents of the District are fully integrated in my legislative agenda. It is clear that the nation is in an economic crisis and this is a time that demands good government—a government proactive and wholly dedicated to your needs. The unemployment rate in my District is over 6.4%, and the underemployment rate is much higher. Both numbers are very likely to increase in the near term. Right now, I want the businesses and the workforce of the 7th Congressional District to have every conceivable advantage as they fight through this economic crisis. I want them to be expert at understanding the American Recovery and Reinvestment Act (ARRA). If there is an opportunity for a local business to profit from their good work through the ARRA, I want that to happen. This event was designed to prove that government, businesses and labor can come together in close collaboration for the mutual benefit of all and the greater good of our community and country.
Voted in Support of President’s Strategic Budget to Spur Economy and Invest in Education, Energy, and Health Care
This week, I voted for a House Resolution to advance President Obama’s budget because it institutes the key strategic investments in education, energy, and health care needed to retool our economy to be competitive in the future, while continuing the necessary actions already underway to promote recovery from the present global economic challenge. The budget resolution provides a strong framework for overcoming our immediate financial crisis and laying the groundwork for our future prosperity. This budget builds on the actions taken as part of the Recovery Act to prevent job losses and rebuild the nation’s infrastructure and energy independence for the future; begins the strategic investment we must make on health care reform that is necessary to lower costs, improve quality, and expand coverage for the 46 million Americans who now lack health insurance, which costs this country more than $100 billion annually in lost productivity; provides investment for rebuilding our educational system to provide an educated and skilled workforce able to function effectively in the future; reduces energy dependence and creates new jobs for the future by increasing investments in renewable energy and energy efficiency by 18% over 2009; and reduces the deficit by 50% over the next five years.
I want to make it clear to my constituents that I view this Nation’s economic priorities and strategic investments as a two-stage process. First, we must be aggressive up front in confronting this economic crisis. If we do not act boldly now, we will face much larger—not smaller—deficits in the future. And our stimulus measures must take the form of these strategic investments in education, energy, and health care. These investments now will pay tremendous dividends in the future, in the form of greatly reduced energy and health care costs and a healthy, productive, competitive workforce that will drive our economic prosperity in the future. The second phase is to address the longer term, ‘structural deficit’ that the President has inherited, in the form of unsustainable spending for mandatory entitlements. As this recession ends, I will continue to work to address the long term structural funding issues that will cause our budget to become unsustainable by 2019 if these problems are not addressed. We will take the necessary steps to revitalize our economy now and then focus our efforts and attention on entitlement reform to reduce the deficit, taking into account Social Security, Medicare, Medicaid and other programs without losing benefits for those who are recipients of these programs.
Supported Efforts to Unlock Credit for Small Businesses
As Vice-Chair of the House Small Business Committee, I actively supported the Administration’s plan to get credit flowing again to entrepreneurs and small business owners. As I have noted repeatedly, economic recovery will be led by our small businesses, which have generated 70 percent of new jobs over the past decade. But to succeed, small businesses need to access to the lines of credit that are the lifeblood of our small business economy. As an indication of the situation our businesses are facing, the Small Business Administration (SBA), which usually guarantees approximately $20 billion in loans annually, is expected to guarantee less than $10 billion this year. I have been working hard to address these conditions. I actively supported H.R. 1, the American Recovery and Reinvestment Act, which included provisions to infuse the nation’s small businesses—which comprise 99 percent of American industry and employ half of the private sector workforce with billions in new lending and investment. The bill puts fresh capital in the hands of small business owners, which will result in the creation or retention of 400,000 jobs, more than 15 percent of the jobs the economy shed last year; and also targets billions of dollars in tax relief to small businesses, which will also help spur growth. The Administration’s plan builds upon these efforts by implementing critical small business provisions in the economic stimulus. The plan temporarily raises guarantees to up to 90 percent in SBA’s 7(a) loan program and eliminates certain SBA loan fees to get credit back into the hands of small businesses and ensure that community banks and credit unions feel confident in extending new loans.
Voted for Bipartisan Compromise to Stem Foreclosures
To avoid an estimated 8.1 million additional homeowners from defaulting on their mortgages over the next four years—with potentially 5 million homes lost through foreclosure or short sales—I voted for H.R. 1106, the Helping Families Save Their Homes Act, which passed by a vote of 234 to 191. This measure is the first step in implementing President Obama’s comprehensive Homeowner Affordability and Stability Plan. This bill will begin to provide homeowners the assistance they need and will help restore stability to the housing and mortgage markets. But it’s important that the American people understand that this bill does not reward irresponsible behavior or provide people a quick escape through bankruptcy. The measures we’re implementing are necessary, not easy.
To get more families into affordable mortgages, the bill protects lenders from lawsuits for reasonable loan modifications and fixes the Federal Housing Administration’s HOPE for Homeowners program by reducing current fees that have discouraged lenders from participating voluntarily. It will also incentivize the program to make it attractive and useful for lenders and borrowers.
Continued to Update Guide to Recovery Act Resources
Before the passage of the American Recovery and Reinvestment Act, I recognized the importance of providing easy access to information about the Act and its implementation. During the debate on the legislation and immediately following its passage, I met with nearly every municipality in the 7th District, conferred with school district superintendents, convened forums with the area Chambers of Commerce, hosted six seminars—including one designed just for emergency first-responders—and held four telephone town halls to respond to questions directly from constituents. During that time, my staff went line by line through the Act to assemble an online directory that matches provisions in the Act—ranging from school funding to energy efficiency initiatives to transportation projects—with the government agencies responsible for their implementation. The directory indicates where the information is available, how the provisions will be executed, and who to contact for assistance. Attendees to the Business Procurement Summit received a copy of the Resource Directory, but everyone can access the most up-to-date version of The 7th Congressional District ARRA Resource Directory on my Web site, www.sestak.house.gov.
7thDistrict to Receive More Than $785,000 in Byrne Grants
I am pleased to announce that stimulus funds are continuing to flow, and the 7th District will receive more than $785,000, provided by the Recovery Act, through the Edward Byrne Justice Assistance Grant (JAG) Program for local law enforcement assistance. This money will help keep our communities safe and will forestall the cutbacks that are threatening our local law enforcement agencies. Stimulus funds will help our economy now by keeping police on the streets and ensure our future prosperity by providing for the long term safety and security of our neighborhoods and the health of our local law enforcement programs, agencies, and departments.
Other Legislation & Events
Congress Passed the Serve America Act and Congressman Sestak’s Silver Scholarship Program
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