(Courtesy photo)
U.S. Senator Cynthia Lummis of Wyoming joined Ranking Member Pat Toomey of Pennsylvania and her other Republican colleagues on the Senate Banking, Housing and Urban Affairs Committee to send a letter calling on Special Presidential Envoy for Climate John Kerry to stop pressuring banks to discriminate against energy companies through their lending practices.
Cynthia Lummis
In the letter, the senators noted, “misusing government power to influence bank lending and investment practices will distort capital allocation, raise energy costs for consumers, and slow economic growth.” The senators also pointed out that fossil fuels “continue to represent approximately 80 percent of U.S. energy production and consumption.” Any bank practices that would harm energy companies would ultimately harm working class Americans across the country. To read the full letter,
Don’t hold your breath on passing marijuana banking legislation, says Senate banking chair Sherrod Brown Sabrina Eaton, cleveland.com
WASHINGTON, D.C. - Just in time for the April 20 holiday for marijuana enthusiasts around the country, the U.S. House of Representatives approved a bill that would let legal cannabis companies access the banking system even though their products are still illegal under federal law.
But the bill still faces hurdles in the U.S. Senate, where the chair of its Banking, Housing and Urban Affairs Committee - Ohio’s Sherrod Brown - says he doesn’t plan to consider it anytime soon.
D C statehood hits a snag in the Senate politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.
U.S. Senator Cynthia Lummis (R-WY), a member of the Senate Banking, Housing and Urban Affairs Committee, highlighted the damaging effects that Pres. Biden’s energy development moratorium on federal lands has had on Wyoming’s economy and schools during a Banking Committee hearing on rural economic issues today.
During the hearing, Senator Lummis said, “I don’t think people understand how significant mineral production is on federal lands in Wyoming. When there is a prohibition on producing minerals on federal land, that essentially removes 90 percent of production. Oil, gas, and coal development is a vital component of education funding in Wyoming, so a moratorium places a tremendous burden on our education system.”
Register: Inaugural LGBTQ+ Real Estate Alliance Housing Policy Symposium — RISMedia rismedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rismedia.com Daily Mail and Mail on Sunday newspapers.