Financial Services
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Nearly five years ago, Superstorm Sandy devastated the Jersey shore and forever changed its landscape. Ocean County — my home — was the epicenter of the storm, and half of all New Jersey Sandy flood claims happened here. An estimated 346,000 homes were damaged or destroyed, resulting in over $30 billion in losses.
Washington, D.C. – Congressman MacArthur released the following statement after the House of Representatives voted to pass the Financial CHOICE Act:
Washington, D.C. – Congressman MacArthur today announced that he has been named to the House Financial Services Committee in the 115th session of the U.S. House of Representatives.
The House Financial Services Committee has jurisdiction over issues pertaining to the economy, the banking system, housing, insurance, and securities and exchanges. Additionally, the Committee has jurisdiction over monetary policy, international finance, international monetary organizations, and efforts to combat terrorist financing.
Like most of us in the Garden State, I'm proud to call New Jersey home. All of us who live here know New Jersey is actually in the sweet spot of the U.S., a best kept secret with beaches and mountains and easy access to two major U.S. cities. Couple our location with being the most densely populated state and the 11th most populous state overall and there is little explanation needed for why so many businesses set up shop in our state.
Washington, D.C. – Congressman Tom MacArthur today announced that he has been appointed to Speaker Paul Ryan’s Congressional Task Force on Economic Growth in Puerto Rico. Congressman MacArthur is one of two Republican members in the House to join the Task Force.
The bicameral commission is represented by four members of the House, including Representatives MacArthur, Duffy, Velazquez and Pierluisi. Senate members include Senators Hatch, Rubio, Menendez and Nelson.
Washington, DC – Congressman Tom MacArthur today announced that the state of New Jersey has received a major disaster declaration to help communities recover from the Severe Winter Storm and Snowstorm that occurred January 22-24, 2016.
Washington, DC - Congressman Tom MacArthur was today joined by 106 local Ocean County elected officials in a letter to Federal Emergency Management Agency Administrator (FEMA) Craig Fugate, calling on him to extend the deadline for National Flood Insurance Program (NFIP) policyholders to request a review of their claims filed in the aftermath of Superstorm Sandy. As Congressman MacArthur traveled throughout Ocean County during the August work period, he encountered many residents expressing concerns with the September 15 deadline to enter the review process.