Update from Senator Bob Corker - October 19, 2013

Senator Bob Corker
2013-10-19 07:19:36
Bob Corker - U.S. Senator, Tennessee [image = corker.enews.senate.gov//images/user_images/1277156967_Twitter_48x48.png] [link 1] [image = corker.enews.senate.gov//images/user_images/FacebookIcon_thumb.png] [link 2] [image = corker.enews.senate.gov//images/user_images/YoutubeIcon_thumb.png] [link 3] *E-MAIL UPDATES* *Yes, please periodically send me e-mail updates.** Click Here [link 4] *By subscribing to my e-mail updates, you are authorizing me to send regular e-mail updates from my office to your e-mail account. Survey/Question [survey] Survey/Question [survey] *Update from Senator Bob Corker October 19, 2013* * [image = corker.enews.senate.gov//images/user_images/CorkerScoutTour.jpg]* October 8, 2013 � Senator Corker speaks to members of Boy Scout Troop 911 of Mt. Juliet in the rotunda of the U.S. Capitol. Last week, Senators Corker and Alexander greeted Boy Scout Troop 911 of Mt. Juliet in Washington and presented them with their citizenship merit badges. *Preventing Default, Temporarily Funding Government and Maintaining Spending Reductions* On Wednesday, Senator Corker voted for H.R. 2775, a bill to prevent default, temporarily fund the government and maintain the spending reductions in the Budget Control Act. The bill passed the Senate by a vote of 81 to 18. �It is beyond belief that Congress chose to pursue an effort that had no chance of success and wasted time that could have been spent putting in place spending reforms that will make our country stronger. But I do consider it a victory that we forced adherence to the Budget Control Act spending restraints, which for the first time since the 1950s, have caused us to reduce total government spending for two consecutive years,� said Corker. �There�s much more work to do to get on a path to fiscal solvency, and I look forward to continuing that important work.� The Budget Control Act, passed by Congress and signed into law in 2011, helped reduce total government spending for two consecutive years. It will cause non-emergency discretionary spending to be decreased from $1.090 trillion in 2011 to $967 billion this year. In an interview [link 5] on CNBC�s �Squawk Box� on Thursday, Senator Corker discussed the path forward to getting our nation�s fiscal house in order. [image = corker.enews.senate.gov//images/user_images/CNBCCapture.JPG] [link 6] ****Click Image to Watch Video**** In February, Corker, along with Senator Alexander, introduced the Fiscal Sustainability Act, S. 11 [link 7], to reduce the growth of entitlement spending (Medicare, Medicaid and Social Security) by nearly $1 trillion in the next decade in order to improve the programs� solvency. The bill incorporates many of the recommendations made by President Obama�s Debt Commission (Simpson-Bowles) as well as by former Republican Senator Pete Domenici and Alice Rivlin, budget director for former President Clinton. *Hold Firm on Sanctions in Negotiations with Iran* As negotiations began on Tuesday over Iran�s nuclear program, Senator Corker, ranking member of the Foreign Relations Committee, urged the Obama administration to hold firm on sanctions with Iran. �With limited time for diplomacy to work, the administration should hold firm on sanctions, which brought Iran to the table and remain the greatest leverage point we have. Eagerness to exploit an opening with Iran should not lead to concessions before Iran takes verifiable steps to eliminate their nuclear weapons program. Congress can play a constructive role by putting in place tough conditions on Iran before any easing of sanctions can occur,� said Corker. *Opposition to U.N. Arms Treaty* Senator Corker was among 50 senators from both parties who sent a letter to President Obama this week announcing their opposition to the U.N. Arms Trade Treaty that Secretary of State John Kerry signed on behalf of the United States last month. Corker previously warned the administration not to take an action to implement the accord, citing the Senate�s constitutional role in providing advise and consent on treaties. �We urge you to notify the treaty depository that the U.S. does not intend to ratify the Arms Trade Treaty, and is therefore not bound by its obligations. As members of the Senate, we pledge to oppose the ratification of this treaty, and we give notice that we do not regard the U.S. as bound to uphold its object and purpose,� the letter states. Read the full text here [link 8]. *Ensuring Fed Nominee is Not an Enabler of Bad Policy* Senator Corker, a member of the Banking Committee, made the following statement on the nomination of Janet Yellen to become Federal Reserve Chairwoman. �I voted against Vice Chairman Yellen�s original nomination to the Fed in 2010 because of her dovish views on monetary policy. We will closely examine her record since that time, but I am not aware of anything that demonstrates her views have changed,� said Corker. Appearing on CNBC's Squawk Box [link 9] to discuss the nomination, Senator Corker said he opposed her nomination in 2010 because of her lack of modesty regarding the Federal Reserve's role in the economy and does not believe her views have changed. "I felt like she was not very modest about the role of monetary policy in the economy. I don't see any evidence that's changed," Corker.� [image = corker.enews.senate.gov//images/user_images/CaptureYellen.JPG] [link 10] ****Click Image to Watch Video**** *Hankook Tire Company Multi-Million Dollar Investment in Clarksville* On Monday, Senator Corker applauded the announcement that Hankook Tire Co., a global tire company with products in 180 countries, has chosen to locate its first U.S. manufacturing facility in Clarksville. The company expects to invest $800 million in a state-of-the-art facility and create 1,800 jobs in Clarksville. �Today�s announcement that Hankook Tire company will create 1,800 new jobs and make a multi-million dollar investment in Clarksville is a huge win for Tennesseans and is further confirmation that Tennessee is a smart place for companies to invest and do business. I am thrilled for the residents of Clarksville, I congratulate Governor Haslam and Montgomery County officials on this achievement and am proud to have played a small role in this outstanding announcement for our state,� said Corker.

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Update from Senator Bob Corker
October 19, 2013


October 8, 2013 � Senator Corker speaks to members of Boy Scout Troop 911 of Mt. Juliet in the rotunda of the U.S. Capitol.

Last week, Senators Corker and Alexander greeted Boy Scout Troop 911 of Mt. Juliet in Washington and presented them with their citizenship merit badges.

Preventing Default, Temporarily Funding Government and Maintaining Spending Reductions

On Wednesday, Senator Corker voted for H.R. 2775, a bill to prevent default, temporarily fund the government and maintain the spending reductions in the Budget Control Act. The bill passed the Senate by a vote of 81 to 18.

�It is beyond belief that Congress chose to pursue an effort that had no chance of success and wasted time that could have been spent putting in place spending reforms that will make our country stronger. But I do consider it a victory that we forced adherence to the Budget Control Act spending restraints, which for the first time since the 1950s, have caused us to reduce total government spending for two consecutive years,� said Corker. �There�s much more work to do to get on a path to fiscal solvency, and I look forward to continuing that important work.�

The Budget Control Act, passed by Congress and signed into law in 2011, helped reduce total government spending for two consecutive years. It will cause non-emergency discretionary spending to be decreased from $1.090 trillion in 2011 to $967 billion this year.

In on CNBC�s �Squawk Box� on Thursday, Senator Corker discussed the path forward to getting our nation�s fiscal house in order.


***Click Image to Watch Video***

In February, Corker, along with Senator Alexander, introduced the Fiscal Sustainability Act, , to reduce the growth of entitlement spending (Medicare, Medicaid and Social Security) by nearly $1 trillion in the next decade in order to improve the programs� solvency. The bill incorporates many of the recommendations made by President Obama�s Debt Commission (Simpson-Bowles) as well as by former Republican Senator Pete Domenici and Alice Rivlin, budget director for former President Clinton.

Hold Firm on Sanctions in Negotiations with Iran

As negotiations began on Tuesday over Iran�s nuclear program, Senator Corker, ranking member of the Foreign Relations Committee, urged the Obama administration to hold firm on sanctions with Iran.

�With limited time for diplomacy to work, the administration should hold firm on sanctions, which brought Iran to the table and remain the greatest leverage point we have. Eagerness to exploit an opening with Iran should not lead to concessions before Iran takes verifiable steps to eliminate their nuclear weapons program. Congress can play a constructive role by putting in place tough conditions on Iran before any easing of sanctions can occur,� said Corker.

Opposition to U.N. Arms Treaty

Senator Corker was among 50 senators from both parties who sent a letter to President Obama this week announcing their opposition to the U.N. Arms Trade Treaty that Secretary of State John Kerry signed on behalf of the United States last month. Corker the administration not to take an action to implement the accord, citing the Senate�s constitutional role in providing advise and consent on treaties.

�We urge you to notify the treaty depository that the U.S. does not intend to ratify the Arms Trade Treaty, and is therefore not bound by its obligations. As members of the Senate, we pledge to oppose the ratification of this treaty, and we give notice that we do not regard the U.S. as bound to uphold its object and purpose,� the letter states.

Read the full text Ensuring Fed Nominee is Not an Enabler of Bad Policy

Senator Corker, a member of the Banking Committee, made the following statement on the nomination of Janet Yellen to become Federal Reserve Chairwoman.

�I voted against Vice Chairman Yellen�s original nomination to the Fed in 2010 because of her dovish views on monetary policy. We will closely examine her record since that time, but I am not aware of anything that demonstrates her views have changed,� said Corker.

to discuss the nomination, Senator Corker said he opposed her nomination in 2010 because of her lack of modesty regarding the Federal Reserve's role in the economy and does not believe her views have changed.

"I felt like she was not very modest about the role of monetary policy in the economy. I don't see any evidence that's changed," Corker. 


***Click Image to Watch Video***

Hankook Tire Company Multi-Million Dollar Investment in Clarksville

On Monday, Senator Corker applauded the announcement that Hankook Tire Co., a global tire company with products in 180 countries, has chosen to locate its first U.S. manufacturing facility in Clarksville. The company expects to invest $800 million in a state-of-the-art facility and create 1,800 jobs in Clarksville.

�Today�s announcement that Hankook Tire company will create 1,800 new jobs and make a multi-million dollar investment in Clarksville is a huge win for Tennesseans and is further confirmation that Tennessee is a smart place for companies to invest and do business. I am thrilled for the residents of Clarksville, I congratulate Governor Haslam and Montgomery County officials on this achievement and am proud to have played a small role in this outstanding announcement for our state,� said Corker.