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Legislation that the International Brotherhood of Teamsters asserts will make collective bargaining more fair at
XPO Logistics (NYSE: XPO) and other trucking companies has the potential to gain traction in the current Congress – and it has the full support of President Joe Biden.
The Protecting the Right to Organize (PRO) Act was introduced in February and House Majority Leader Steny Hoyer, D-Md., said he plans to take it up for consideration next week. The bill was approved by the House when it was introduced a year ago, but then-Senate Majority Leader Mitch McConnell, R-Ky., vowed not to bring it to the Senate floor for a vote, and President Trump said he would veto it.
The vice president touted how President Biden's $1.9 trillion COVID-19 relief package would benefit Black Americans hit disproportionately hard by the coronavirus.
The new guidelines include increased transparency and accountability measures so members cannot abuse the system.
Republicans banned earmarks in 2011, and Democrats in the House and Senate hope the reforms will gain bipartisan support.
After earmarks were banned in 2011 due to corruption scandals in that late 2000s, the House Appropriations Committee on Friday unveiled its new reforms that accounted for transparency and accountability in community funding.
Earmarks, which Democrats have switched to calling community project funding, are congressional provisions that direct funds toward a specific project within a community.
While the system was designed for Congress to submit requests for funding that their constituents truly needed, it proved to be easily exploited when in 2005, Alaska Rep. Don Young secured $233 million for the infamous bridge to nowhere that few people would have used, and when former California Rep. Duke Cunningham accepted at least $2.4 million in bribes