Karen Bass on Corporations
Voted NO on workforce training by state block grants & industry partners.
Supporting Knowledge and Investing in Lifelong Skills Act or SKILLS Act:
Opponent's Argument for voting No:
- Reauthorizes appropriations workforce investment systems for job training and employment services.
- Requires a plan describe:
- strategies and services to more fully engage employers and meet their needs, as well as those to assist at-risk youth and out-of-school youth in acquiring education, skills, credentials, and employment experience;
- how the state board will convene industry or sector partnerships that lead to collaborative planning;
- how the state will use technology to facilitate access to services in remote areas;
- state actions to foster partnerships with non-profit organizations that provide employment-related services; and
- the methodology for determining one-stop partner program contributions for the cost of the infrastructure of one-stop centers.
- Repeals title VI (Employment Opportunities for Individuals with Disabilities)
National League of Cities op-ed, "H.R. 803 fails because it would:"
Reference: SKILLS Act;
Bill H.R. 803
; vote number 13-HV075
on Mar 15, 2013
- Undermine the local delivery system that has been the cornerstone of job training programs
- Establish a program that is based on political boundaries (states) rather than on economic regions and local labor markets, or the naturally evolving areas in which workers find paying work
- Eliminate a strong role for local elected officials but require that they continue to be fiscally liable for funds spent in their local areas
- Change what was once a program targeted to those most in need--economically disadvantaged adults and youth and special population groups like veterans, migrant farm workers, and low income seniors--into a block grant to governors
- Contribute to the emerging division between those American's who have the requisite skills to find employment and those who do not.
Expand lending caps for credit unions to small business.
Bass co-sponsored Small Business Lending Enhancement Act
- Amends the Federal Credit Union Act to limit loans outstanding to either 1.75 times the net worth, or 12.25% of the total assets of the credit union.
- Authorizes insured credit unions to make business loans up to 27.5 % of the total assets of the credit union, if the credit union meets specified safety and soundness criteria.
- Directs the development of a tiered approval process, including lending standards, under which an insured credit union gradually increases the amount of member business lending in a manner that is consistent with safe and sound operations.
Supporter's Comments: (by CUNA, a pro-credit union organization)
America's small businesses are the engine of growth of our nation's economy. The effects of the financial crisis of the past few years have spread to all types of lending, resulting in a reduction in the availability
of business credit. At a time when banks are withdrawing credit from America's small businesses, credit unions have actually been expanding credit to small businesses, but with more credit unions approaching the cap, this growth is threatened. Congress should enact legislation which increases the credit union member business lending cap from 12.25% of assets to 27.5% for well-capitalized credit unions
Opponent's Comments: (by the Independent Community Banks of America, Nov. 15, 2012)
Source: HR1418 /S2231 12-S2231 on Mar 22, 2012
The tax-subsidized credit union industry is pressing for doubling the statutory cap Congress placed on member business loans. Shifting assets from tax-paying banks to tax-exempt credit unions would reduce tax revenue to the government; the CBO estimates the revenue impact at $354 million over 10 years. We believe that banks are currently meeting the needs of credit-worthy businesses, as substantiated by numerous business surveys.
Rated 100% by UFCW, indicating an anti-management/pro-labor record.
Bass scores 100% by UFCW on labor-management issues
The United Food and Commercial Workers International Union (UFCW) is North America's Neighborhood Union--1.3 million members with UFCW locals in all 50 states, Puerto Rico and Canada. Our members work in supermarkets, drug stores, retail stores, meatpacking and meat processing plants, food processing plants, and manufacturing workers who make everything from fertilizer to shoes. We number over 60,000 strong with 25,000 workers in chemical production and 20,000 who work in garment and textile industries.
The UFCW House scorecard is based on these key votes:
Source: UFCW website 12-UFCW-H on May 2, 2012
- (+) Extension of Trade Adjustment Assistance (TAA)
- (+) H. Am. 877 Bishop Am. to HR 3094, penalties for lawsuits against unionization
- (+) H. Am. 880 Jackson-Lee Am. to HR 3094, preventing delays in union votes
- (-) Middle Class Tax Relief and Job Creation Act, freezing public salaries
- (-) Regulation from the Executive in Need of Scrutiny (REINS) Act, for less corporate regulation
- (-) Repealing the Job-Killing Health Care Law Act
- (-) Workforce Democracy and Fairness Act, letting CEOs fire union organizers
Sponsored enforcing against corporate offshore tax haven banking.
Bass co-sponsored Stop Tax Haven Abuse Act
Congressional Summary:Stop Tax Haven Abuse Act: to impose restrictions on foreign jurisdictions or financial institutions operating in the US that are of prime money laundering concern or that significantly impede US tax enforcement.
- treat foreign corporations controlled primarily in the US, as domestic corporations for tax purposes
- require tax withholding agents and financial institutions to report certain information about owners of foreign-owned financial accounts,
- treat swap payments sent offshore as taxable US source income,
- increase penalties for promoting abusive tax shelters and for aiding and abetting the understatement of tax liability
- prohibit tax advisor contingent fee agreements for obtaining a tax savings or benefit
- requires corporations registered with the SEC to report annually, on a country-by country basis, on employees, pre-tax gross revenues, and payments made to foreign governments
- authorizes a fine of up to $1 million for failure to disclose any holding or transaction involving a foreign entity that would otherwise be subject to disclosure requirements
- publishes a rule requiring investment advisors to establish anti-money laundering programs and submit suspicious activity reports
- Extends anti-money laundering requirements to persons engaged in the business of forming new businesses or other legal entities.
Proponent's argument for bill: (by Jubilee USA Network, a religious antipoverty organization):
"The religious community couldn't be more pleased with this vital legislation that protects poor people inside and outside our borders. This legislation means that corporations can't rob billions of dollars from poor people across the globe. A critical piece of the legislation is country-by-country reporting of corporate payments to governments. Reporting at this level sheds light on the tax dodging that hurts all of us."
Source: H.R.1554 / S.268 13-H1554 on Apr 15, 2013
Reform bankruptcy to protect jobs and retirement.
Bass co-sponsored Protecting Employees and Retirees in Business Bankruptcies Act
The Congress finds the following:
Source: H.R.100 13-HR0100 on Jan 3, 2013
- Business bankruptcies have increased sharply in recent years and remain at high levels. These bankruptcies include several of the largest business bankruptcy filings in history. As the use of bankruptcy has expanded, job preservation and retirement security are placed at greater risk.
- Laws enacted to improve recoveries for employees and retirees and limit their losses in bankruptcy cases have not kept pace with the increasing and broader use of bankruptcy by businesses in all sectors of the economy. However, while protections for employees and retirees in bankruptcy cases have eroded, management compensation plans devised for those in charge of troubled businesses have become more prevalent and are escaping adequate scrutiny.
- Changes in the law regarding these matters are urgently needed as bankruptcy is used to address increasingly more complex and diverse conditions affecting troubled businesses and industries.
2012 Governor, House and Senate candidates on Corporations:
Karen Bass on other issues:
Left 113th Congress, 2013-2014:
AL-1: Jo Bonner(R,resigned)
IL-2: Jesse L. Jackson(D,convicted)
LA-5: Rodney Alexander(R,resigned)
MA-5: Ed Markey(D,elected)
MO-8: Jo Ann Emerson(R,resigned)
NJ-1: Rob Andrews(D,investigated)
SC-1: Tim Scott(R,appointed)
Newly-elected special elections 2013-2014:
AL-1: Bradley Byrne(R)
IL-2: Robin Kelly(D)
LA-5: Vance McAllister(R)
MA-5: Katherine Clark(D)
MO-8: Jason Smith(R)
NC-12: Pending Jul.15
NJ-1: Pending Nov.4
SC-1: Mark Sanford(R)
Won primary 2014:
TX-4: John Ratcliffe(R)
VA-7: Dave Brat(R)
Retiring to run for Senate in 2014:
AR-4: Tom Cotton(R)
CO-4: Cory Gardner(R)
GA-1: Jack Kingston(R)
HI-1: Colleen Hanabusa(D)
IA-1: Bruce Braley(D)
LA-6: Bill Cassidy(R)
MT-0: Steve Daines(R)
OK-5: James Lankford(R)
WV-2: Shelley Moore Capito(R)
Former Reps running for House in 2014:
AL-5: Parker Griffith(R)
CA-3: Doug Ose(R)
MS-4: Gene Taylor(D)
MT-0: Denny Rehberg(R)
NH-1: Frank Guinta(R)
OH-7: John Boccieri(D)
Lost primary 2014:
TX-4: Ralph Hall(R)
VA-7: Eric Cantor(R)
Retiring to run for State Office in 2014:
AR-2: Tim Griffin(R)
ME-2: Mike Michaud(D)
VI-0: Donna Christensen(D)
Retiring effective Jan. 2015:
AL-6: Spencer Bachus(R)
AZ-7: Ed Pastor(D)
IA-3: Tom Latham(R)
MI-4: Dave Camp(R)
MI-6: Tom Petri(R)
MN-6: Michele Bachmann(R)
NC-6: Howard Coble(R)
NC-7: Mike McIntyre(D)
NJ-3: Jon Runyan(R)
NY-4: Carolyn McCarthy(D)
PA-6: Jim Gerlach(R)
UT-4: Jim Matheson(D)
VA-8: James Moran(D)
WA-4: Doc Hastings(R)
Office 408 CHOB, Wash., DC 20515
Page last updated: Jul 20, 2014