111th Congress

Number: 
111

JEC Chair Maloney statement on Hispanic unemployment

Washington, D.C. - Today the Bureau of Labor Statistics (BLS) released its monthly jobs report for May.  Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee, released the following statement in reaction to the labor market conditions facing the Hispanic community:

“The economy shed jobs at nearly half the pace of the past six months, which is an encouraging sign that the worst may be behind us. We are starting to see indications of economic progress as the recovery package begins to take hold across the country. But the rising unemployment rate in the Hispanic community is a sobering reminder that we still have a long way to go to put people back to work and help families regain economic security.”

Maloney Hails Passage of Federal Employees Paid Parental Leave Act

WASHINGTON, DC – Legislation that would provide federal employees with four weeks of paid parental leave after the birth or adoption of a child passed the U.S. House of Representatives tonight by a margin of 258-154, (C-SPAN reporting). 

“Today we show that this Congress doesn’t just talk about family values—it values families,” said Rep. Carolyn Maloney (D-NY), prime sponsor of H.R. 626, the Federal Employees Paid Parental Leave Act. 

JEC report reveals recession’s devastating impact on working mothers

Washington, D.C. – Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC), and JEC Vice Chair Senator Charles E. Schumer, released a new report entitled, “Women in the Recession: Working Mothers Face High Rates of Unemployment.” The JEC report finds that the increases in unemployment during this recession have been especially steep for female heads of household – mothers who are solely responsible for maintaining their families’ economic security. Using unpublished and newly released data from the Bureau of Labor Statistics, the JEC report shows that, in particular, minority women have suffered some of the worst effects of the current recession. The JEC report reveals that families are relying more and more on women’s employment, but the trend of rising job losses among women will put an even greater strain on households struggling to make ends meet in this downturn.

Reps. Maloney, Frank, Gutierrez ask Fed to Curb Bank Overdraft Abuses

WASHINGTON, DC – Reps. Carolyn B. Maloney (D-NY), Barney Frank (D-MA), and Luis Gutierrez (D-IL) today called on the Federal Reserve to strengthen its proposed regulation of bank overdraft fees by requiring banks to have consumers opt-in to overdraft programs and prohibiting  the posting of transactions in a sequence which maximizes overdraft fees.

President Signs Rep. Maloney’s Credit Card Reforms

Washington, DC – Rep. Carolyn B. Maloney (D-NY) was present in the Rose Garden today as President Obama signed into law her landmark credit card reform bill, H.R. 627.

“With this new law, consumers will have the strong and reliable protections they deserve.  We will continue to press for reform that is built on transparency, accountability, and mutual responsibility – values fundamental to the new foundation we seek to build for our economy," President Obama said.

Author of Credit Cardholders’ Bill of Rights Hails Senate Passage of Credit Card Reforms

WASHINGTON, DC – Rep. Carolyn B. Maloney (D-NY) applauded today’s Senate passage of her credit card reform bill, H.R. 627. 

“Today is a victory for all credit cardholders. With Senate passage, we have begun to finally level the playing field between credit card issuers and card holders,” Rep. Maloney said. “Let’s be clear about what is being done: we are banning practices that have been labeled as unfair and deceptive by the Federal Reserve. It’s time for card issuers to behave in a fair and above-board manner with American consumers. 



 

Pages