Washington, DC – Today, Congresswoman Carolyn Maloney (D-NY) applauded New York Governor Eliot Spitzer’s leadership in forging the settlement of all outstanding insurance claims stemming from the World Trade Center attacks. The landmark $2 billion settlement was reached after months of negotiations led by Governor Spitzer and the New York State Superintendent of Insurance, Eric Dinallo.
Washington, DC – Congresswoman Carolyn Maloney (D-NY), Chair of the House Subcommittee on Financial Institutions and Consumer Credit, applauded the Federal Reserve and its Chairman, Ben Bernanke, for introducing a new proposed rule today on credit card disclosure requirements. Among other things, the new rule would require credit card customers to receive, both on the actual opening of the account and with any change-in-terms notices, the same simple disclosures of rates and fees that they get in credit-card solicitations. Also, the proposal calls for an additional 30 days of advance notice to customers of any changes in interest rates or other key terms.
Washington, D.C. – Investing in high-quality education is a cost-effective way of improving the life circumstances of children while also increasing U.S. economic growth over the long-term, according to new report by the Joint Economic Committee (JEC). In addition, a JEC fact sheet details the various federal and state tax credits available to families with children.
WASHINGTON – Today, the House passed a bipartisan federal housing finance reform bill (H.R. 1427), which included language authored by Congresswoman Carolyn B. Maloney (D-Manhattan, Queens) that would encourage lenders to offer mortgages on low- and moderate-income housing with licensed child care facilities. Maloney’s “Kiddie Mac” measure is aimed at solving the shortage of affordable child care.
WASHINGTON – In an effort to secure proper care for military veterans rendered sick or disabled as a result of their work at Ground Zero on and after 9/11, U.S. Representatives Carolyn B. Maloney (D-NY), Christopher Shays (R-CT), and John Hall (D-NY) today asked Secretary of Veterans Affairs James Nicholson to officially declare people with Ground Zero military service eligible for veteran’s benefits. The Representatives also asked the Department of Veterans Affairs to develop a specific disability policy for these veterans.