Update from Senator Bob Corker - December 19, 2014

Senator Bob Corker
2014-12-19 08:11:47
Bob Corker - U.S. Senator, Tennessee I hope you are enjoying a meaningful holiday season. Despite the many challenges before us, we live in the greatest country in the world and have much for which to be thankful. I'm excited and optimistic about the opportunity to tackle the big issues our country faces as we enter 2015 and reaffirm my commitment to all Tennesseans that I will continue to wake up every day working toward that end. Elizabeth and I wish you and yours a very merry Christmas, and I look forward to serving you in the Senate in the new year. � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � [image = corker.enews.senate.gov//images/user_images/Corker_Signature_12-21-12(5).jpg] [image = corker.enews.senate.gov//images/user_images/2014HolidayGreetingSnapshot.png] [link 1] *Click **here* [link 2]* or on the image above to watch the video.* *Committee Assignments for the 114th Congress* This week, Senate Republican leadership announced committee assignments for the 114th Congress. Senator Corker will serve on the following committees beginning in January: � Senate Committee on Foreign Relations � Senate Banking Committee � Senate Committee on the Budget � Senate Special Committee on Aging �As I traveled across the Volunteer State in the days following the November election, Tennesseans made clear that they are ready for the Senate to govern responsibly and finally focus on growing our economy, repairing our fiscal house and strengthening our nation�s role in the world,� said Corker. �Serving on the foreign relations, banking, budget and aging committees will allow me the unique opportunity to focus on the issues that matter most to Tennesseans and our country, and I am eager to get to work.� Corker continued: �Some of America�s greatest achievements and longest-lasting solutions have occurred when one party controls Congress and another the White House. It will take hard work, but if the president rolls up his sleeves and provides leadership and if the Congress acts responsibly, I truly believe we can begin to solve the big issues before us so that my generation can leave behind a stronger nation than the one we inherited.� Committee assignments are subject to approval of the Republican Conference as well as the full Senate. Chairmen will be selected in January by a vote of the members of each respective committee and then approved by the Republican Conference. *Spending Bill Continues a �Regrettable Precedent�* On Saturday, Senator Corker voted against H.R.83, the continuing resolution, a spending bill to fund the government. �I could not support this spending bill because it continues the regrettable precedent of spending above the budget levels established by the original Budget Control Act without proper offsets elsewhere in the budget,� said Corker. �Next year, controlling both chambers of Congress, Republicans will have the opportunity to govern responsibly by passing individual appropriations bills with more oversight of how taxpayer dollars are being used.� *Governor Haslam�s �Insure Tennessee� Plan* Senator Corker released the following statement on Governor Bill Haslam�s announcement of �Insure Tennessee,� which the governor calls �an alternative approach� to the expansion of Medicaid under Obamacare. The plan is �a two-year pilot program to provide health care coverage to Tennesseans who currently don�t have access to health insurance or have limited options." �I have had several conversations with Governor Haslam and appreciate the work he and his team have done to study this issue closely and negotiate a tailored solution that works for Tennessee,� said Corker. �I'm glad the administration has finally allowed appropriate flexibility, and I'm pleased our state was able to adopt a solution that will build off of the innovative ways we deliver quality health care.� Click *here [link 3]* for more information on �Insure Tennessee.� *Water for the World Act Heads to President Obama for Signature* This week, Senator Corker announced Senate passage of The Paul Simon Water for the World Act of 2014, bipartisan legislation to significantly improve access to clean water and sanitation around the world without spending new money or creating new bureaucracy. The bill, which was unanimously approved by the Senate late Monday, is sponsored by Corker and U.S. Senator Dick Durbin (D-Ill.), and cosponsored by Senators Chris Coons (D-Del.) and Jeff Flake (R-Ariz.). The legislation now will be sent to President Obama to be signed into law. "I'm pleased lawmakers from both chambers agree that investing in water can make the most of existing foreign aid resources. These programs bring life-saving water and sanitation to vulnerable people around the globe, helping to support improved health and stability in these communities,� said Corker. Click *here [link 4]* for more information on the Water for the World Act. *Corker: FHFA Decision to Fill Housing Trust Funds without First Protecting Taxpayers is "Irresponsible"* Last week, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to begin making contributions to the Housing Trust Fund and the Capital Magnet Fund, affordable housing funds established in 2008. The FHFA previously suspended payments to the funds due to the financial instability of the government-sponsored enterprises (GSEs). �It is beyond irresponsible to restart these affordable housing allocations without first dealing with the underlying problems at Fannie Mae and Freddie Mac,� said Corker. �These two entities would not be generating one penny of revenue without taxpayer backing, and until the American taxpayers are taken off the hook for a future bailout, FHFA should continue to suspend payments to these funds.� During the 2008 financial crisis, Fannie Mae and Freddie Mac were taken into government conservatorship and given a $188 billion capital injection from taxpayers to stay afloat. As a result, the private market almost completely disappeared, and nearly every loan made in America today comes with a full government guarantee. Despite this unsustainable situation, there still has been no real reform to our housing finance system. A *recent FHFA stress test [link 5]* projected that Fannie Mae and Freddie Mac could require a $190 billion taxpayer bailout to keep them afloat during a future crisis. *Tennesseans Visit Washington* On the 376th anniversary of the National Guard last week, Major Generals Max Haston and Gus Hargett presented Senator Corker with a replica of a C-17 aircraft, which is flown in Memphis. [image = corker.enews.senate.gov//images/user_images/IMG_6015.JPG]

I hope you are enjoying a meaningful holiday season.

Despite the many challenges before us, we live in the greatest country in the world and have much for which to be thankful.

I'm excited and optimistic about the opportunity to tackle the big issues our country faces as we enter 2015 and reaffirm my commitment to all Tennesseans that I will continue to wake up every day working toward that end.

Elizabeth and I wish you and yours a very merry Christmas, and I look forward to serving you in the Senate in the new year.

                                                                                     


Click
here or on the image above to watch the video.

Committee Assignments for the 114th Congress

This week, Senate Republican leadership announced committee assignments for the 114th Congress. Senator Corker will serve on the following committees beginning in January:

� Senate Committee on Foreign Relations
� Senate Banking Committee
� Senate Committee on the Budget
� Senate Special Committee on Aging

�As I traveled across the Volunteer State in the days following the November election, Tennesseans made clear that they are ready for the Senate to govern responsibly and finally focus on growing our economy, repairing our fiscal house and strengthening our nation�s role in the world,� said Corker. �Serving on the foreign relations, banking, budget and aging committees will allow me the unique opportunity to focus on the issues that matter most to Tennesseans and our country, and I am eager to get to work.�

Corker continued: �Some of America�s greatest achievements and longest-lasting solutions have occurred when one party controls Congress and another the White House. It will take hard work, but if the president rolls up his sleeves and provides leadership and if the Congress acts responsibly, I truly believe we can begin to solve the big issues before us so that my generation can leave behind a stronger nation than the one we inherited.�

Committee assignments are subject to approval of the Republican Conference as well as the full Senate. Chairmen will be selected in January by a vote of the members of each respective committee and then approved by the Republican Conference.

Spending Bill Continues a �Regrettable Precedent�

On Saturday, Senator Corker voted against H.R.83, the continuing resolution, a spending bill to fund the government.

�I could not support this spending bill because it continues the regrettable precedent of spending above the budget levels established by the original Budget Control Act without proper offsets elsewhere in the budget,� said Corker. �Next year, controlling both chambers of Congress, Republicans will have the opportunity to govern responsibly by passing individual appropriations bills with more oversight of how taxpayer dollars are being used.�

Governor Haslam�s �Insure Tennessee� Plan

Senator Corker released the following statement on Governor Bill Haslam�s announcement of �Insure Tennessee,� which the governor calls �an alternative approach� to the expansion of Medicaid under Obamacare. The plan is �a two-year pilot program to provide health care coverage to Tennesseans who currently don�t have access to health insurance or have limited options."

�I have had several conversations with Governor Haslam and appreciate the work he and his team have done to study this issue closely and negotiate a tailored solution that works for Tennessee,� said Corker. �I'm glad the administration has finally allowed appropriate flexibility, and I'm pleased our state was able to adopt a solution that will build off of the innovative ways we deliver quality health care.�

Click here for more information on �Insure Tennessee.�

Water for the World Act Heads to President Obama for Signature

This week, Senator Corker announced Senate passage of The Paul Simon Water for the World Act of 2014, bipartisan legislation to significantly improve access to clean water and sanitation around the world without spending new money or creating new bureaucracy. The bill, which was unanimously approved by the Senate late Monday, is sponsored by Corker and U.S. Senator Dick Durbin (D-Ill.), and cosponsored by Senators Chris Coons (D-Del.) and Jeff Flake (R-Ariz.). The legislation now will be sent to President Obama to be signed into law.

"I'm pleased lawmakers from both chambers agree that investing in water can make the most of existing foreign aid resources. These programs bring life-saving water and sanitation to vulnerable people around the globe, helping to support improved health and stability in these communities,� said Corker.

Click here for more information on the Water for the World Act.

Corker: FHFA Decision to Fill Housing Trust Funds without First Protecting Taxpayers is "Irresponsible"

Last week, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to begin making contributions to the Housing Trust Fund and the Capital Magnet Fund, affordable housing funds established in 2008. The FHFA previously suspended payments to the funds due to the financial instability of the government-sponsored enterprises (GSEs).

�It is beyond irresponsible to restart these affordable housing allocations without first dealing with the underlying problems at Fannie Mae and Freddie Mac,� said Corker. �These two entities would not be generating one penny of revenue without taxpayer backing, and until the American taxpayers are taken off the hook for a future bailout, FHFA should continue to suspend payments to these funds.�

During the 2008 financial crisis, Fannie Mae and Freddie Mac were taken into government conservatorship and given a $188 billion capital injection from taxpayers to stay afloat. As a result, the private market almost completely disappeared, and nearly every loan made in America today comes with a full government guarantee. Despite this unsustainable situation, there still has been no real reform to our housing finance system.

A recent FHFA stress test projected that Fannie Mae and Freddie Mac could require a $190 billion taxpayer bailout to keep them afloat during a future crisis.

Tennesseans Visit Washington

On the 376th anniversary of the National Guard last week, Major Generals Max Haston and Gus Hargett presented Senator Corker with a replica of a C-17 aircraft, which is flown in Memphis.