Daniel Inouye on Corporations
Democratic Sr Senator (HI)
Voted YES on repealing tax subsidy for companies which move US jobs offshore.
Amendment to repeal the tax subsidy for certain domestic companies which move manufacturing operations and American jobs offshore.
Reference: Tax Subsidy for Domestic Companies Amendment;
Bill S AMDT 210 to S Con Res 18
; vote number 2005-63
on Mar 17, 2005
Voted YES on reforming bankruptcy to include means-testing & restrictions.
Amends Federal bankruptcy law to revamp guidelines governing dismissal or conversion of a Chapter 7 liquidation (complete relief in bankruptcy) to one under either Chapter 11 (Reorganization) or Chapter 13 (Adjustment of Debts of an Individual with Regular Income). Voting YES would:
Reference: Bankruptcy Abuse Prevention and Consumer Protection Act of 2005;
Bill S 256
; vote number 2005-44
on Mar 10, 2005
- Declare a debtor eligible only for Chapter 13, as anyone financially capable of paying back their creditors at a rate that still allows them to earn above their state's median income
- Place domestic support obligations such as child support and alimony amongst the first priority claim category of non-dischargeable debts on a debtor filing for bankruptcy
- Require debtors to pay for and attend credit counseling prior to filing for bankruptcy
- Cap home equity protection at $125,000 if the debtor purchased a house within 40 months of filing for bankruptcy.
Voted YES on restricting rules on personal bankruptcy.
Vote to pass a bill that would require debtors able to repay $10,000 or 25 percent of their debts over five years to file under Chapter 13 bankruptcy (reorganization and repayment) rather than Chapter 7 (full discharge of debt).
Bill HR 333
; vote number 2001-236
on Jul 17, 2001
Expand microloans to small businesses.
Inouye co-sponsored the Microloan Program Improvement Act
Amends provisions of the Small Business Act concerning the Microloan program (a program of start-up loans to small businesses) to:
Source: Bill sponsored by 19 Senators 01-S174 on Jan 24, 2001
- remove the requirement that such loans be short-term;
- allow up to 35 (currently 25) percent of grant funds made to intermediaries to be used to provide technical assistance to small businesses that are prospective borrowers under the program; and
- authorize the Administrator of the Small Business Administration to use up to $1 million of the annual appropriations for technical assistance grants to subcontract with one or more national trade associations of eligible intermediaries or other knowledgeable entities to provide peer-to-peer capacity building and training to lenders and organizations seeking to become lenders under the program.
Rated 40% by the US COC, indicating a mixed business voting record.
Inouye scores 40% by US Chamber of Commerce on business policy
Whether you own a business, represent one, lead a corporate office, or manage an association, the Chamber of Commerce of the United States of AmericaSM provides you with a voice of experience and influence in Washington, D.C., and around the globe.
Our members include businesses of all sizes and sectors—from large Fortune 500 companies to home-based, one-person operations. In fact, 96% of our membership encompasses businesses with fewer than 100 employees.
"To advance human progress through an economic, political and social system based on individual freedom, incentive, initiative, opportunity, and responsibility."The ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
Source: COC website 03n-COC on Dec 31, 2003
Screen imports & ban lead in children's products.
Inouye co-sponsored screening imports & ban lead in children's products
A bill to reform the Consumer Product Safety Commission to provide greater protection for children's products, to improve the screening of non-compliant consumer products, to improve the effectiveness of consumer product recall programs, and for other purposes.
House version is H.R.4040.
Source: CPSC Reform Act (S.2663) 08-S2663 on Feb 25, 2008
- Requires third party certification of, and provides for tracking and record keeping regarding, children's products.
- [Increase] reporting of substantial product hazards and corrective action plans.
- Requires certain manufacturers or distributors to post an escrow or proof of insurance to cover recalls.
- Allows enforcement by state attorneys general and provides public and private sector whistleblower protections.
- Bans children's products containing lead and lowers the allowable lead content in paint.
- Requires a study of preventable injuries and deaths of minority children related to consumer products.
Requires a cost-benefit analysis under the Poison Prevention Packaging Act.
- Requires development of a risk assessment methodology regarding imports.
- Requires publication of a list of product defects that constitute a substantial product hazard.
- Conditions importation of a consumer product on the manufacturer's compliance with inspection and record keeping requirements.
- Requires a database on violations of consumer product safety rules to be used to determine whether a container being imported contains consumer products that are in violation of a consumer product safety standard and whether action should be taken under imported products provisions.
Expand lending caps for credit unions to small business.
Inouye 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 86% by UFCW, indicating an anti-management/pro-labor record.
Inouye scores 86% 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 Senate scorecard is based on these key votes:
Source: UFCW website 12-UFCW-S on May 2, 2012
- American Jobs Act (+)
- Balanced Budget Amendment (-)
- Rejecting Cut, Cap, and Balance (+)
- Repeal Health Care Law (-)
- Sen. Am. 14 Wicker Am. to S 223, excluding unionization at TSA (-)
- Sen. Am. 740 McCain Am. to HR 2112, defunding TAA (-)
- Trade Adjustment Assistance Extension Act (TAA) (+)
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Retired as of Jan. 2013:
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MA:Gomez(R,lost special election)
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Page last updated: Dec 21, 2013